HR 3420 · 98th Congress · Housing and Community Development

Secondary Mortgage Market Equity Act of 1983

Introduced 1983-06-27· Sponsored by Rep. Patterson, Jerry M. [D-CA-38]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on Housing and Community Development.(1983-07-15)

Plain Language Summary

[AI summary unavailable — showing source text] Secondary Mortgage Market Equity Act - Amends the Federal Home Loan Mortgage Corporation Act and the Federal National Mortgage Association Charter Act to set forth a formula for increasing the maximum mortgage limitation for a one- to four- family residence in certain areas where high prevailing housing sales prices have limited housing opportunities.…

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

Cosponsors (20)

13 Democrats7 Republicans
Rep. Bartlett, Steve [R-TX-3]TX
Rep. Coelho, Anthony Lee [D-CA-15]CA
Rep. Lehman, Richard H. [D-CA-18]CA
Del. Fauntroy, Walter E. [D-DC-At Large]DC
Rep. Frank, Barney [D-MA-4]MA
Rep. Carper, Thomas R. [D-DE-At Large]DE
Rep. Torres, Esteban Edward [D-CA-34]CA
Rep. Shumway, Norman D. [R-CA-14]CA
Rep. McCollum, Bill [R-FL-5]FL
Rep. Lowery, Bill [R-CA-41]CA
Rep. Schumer, Charles E. [D-NY-10]NY
Rep. Parris, Stanford E. (Stan) [R-VA-8]VA
Rep. Mitchell, Parren J. [D-MD-7]MD
Rep. Annunzio, Frank [D-IL-11]IL
Rep. Barnard, Doug, Jr. [D-GA-10]GA
Rep. Daschle, Thomas A. [D-SD-At Large]SD
Rep. Fazio, Vic [D-CA-4]CA
Rep. Roe, Robert A. [D-NJ-8]NJ
Rep. Winn, Larry, Jr. [R-KS-3]KS
Rep. Forsythe, Edwin B. [R-NJ-13]NJ