HR 1151

112th CONGRESS
1st Session

H. R. 1151

To require the Secretary of the Treasury to make risk-based assessments on financial companies to recoup the amount of assistance made available for unemployed homeowners under the Emergency Mortgage Relief Program and for States and communities under the Neighborhood Stabilization Program.

IN THE HOUSE OF REPRESENTATIVES

March 17, 2011

Mr. FRANK of Massachusetts introduced the following bill; which was referred to the Committee on Financial Services


A BILL

To require the Secretary of the Treasury to make risk-based assessments on financial companies to recoup the amount of assistance made available for unemployed homeowners under the Emergency Mortgage Relief Program and for States and communities under the Neighborhood Stabilization Program.

SECTION 1. SHORT TITLE.

SEC. 2. COST RECOUPMENT.

`SEC. 1499. FUNDING OFFSET FOR EMERGENCY MORTGAGE RELIEF AND NEIGHBORHOOD STABILIZATION PROGRAMS.

END