H.R. 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, to provide a temporary increase in the volume cap for qualified mortgage bonds used to provide that refinancing.

== Detailed Summary ==

<summary>
(Log in to editAmends the wiki andInternal Revenue Code to: (1) allow proceeds of qualified mortgage bonds to be the firstused to provide a detailed summary ofrefinance certain residential subprime loans issued between 2002 and 2008; (2) increase in 2008 limitations on issuance amounts for qualified mortgage bonds; and (3) exempt tax-exempt interest on qualified mortgage or veterans' mortgage bonds issued before 2011 from the bill!)alternative minimum tax.
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== Status of the Legislation ==

<status>
(Log inLatest Major Action: 2/6/2008: Referred to House committee. Status: Referred to edit the wikiHouse Committee on Ways and be the first to update the status of the bill!)Means.
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== Points in Favor ==

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== Points Against ==

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