To amend the Internal Revenue Code of 1986 to provide that the proceeds of qualified mortgage bonds may be used to provide refinancing for subprime loans, to provide a temporary increase in the volume cap for qualified mortgage bonds used to provide that refinancing, and for other purposes.
Other Bill Titles (1 more) 2/6/2008--Introduced.
Amends the Internal Revenue Code to:
(1) allow proceeds of qualified mortgage bonds to be used to refinance certain residential subprime loans issued between 2002 and 2008;
(2) increase in 2008 limitations on issuance amounts for qualifie... moreSee Full Bill Text
Committees
Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| February 06, 2008 |
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Blog Coverage
February 05, 2008 HR 5239, To amend the Internal Revenue Code of 1986 to provide ...
HR 5239 would amend the Internal Revenue Code of 1986 to provide that the proceeds of qualified mortgage bonds may be used to provide refinancing for subprime loans, and it would provide a temporary increase in the volume cap for ...








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