HR 12580 · 95th Congress · Housing and Community Development

American Dream Act

Introduced 1978-05-04· Sponsored by Rep. Whitehurst, G. William [R-VA-2]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1978-05-04)

Plain Language Summary

[AI summary unavailable — showing source text] American Dream Act - Amends the Home Owners' Loan Act of 1933 to authorize Federal savings and loan associations to make and invest in graduated payment mortgages and reverse annuity mortgages. Directs the Federal Home Loan Bank Board to consider consumer safeguards in adopting regulations allowing the making of and investment in such mortgages.…

Summarized by Claude AI · Non-partisan · For informational purposes only