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S. 2346, The PROMISE Act
- This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
Version saved on November 15, 2007, 19:26:24, by webmaster:
S. 2346 would temporarily increase the portfolio caps applicable to Freddie Mac and Fannie Mae, to provide the necessary financing to curb foreclosures by facilitating the refinancing of at-risk subprime borrowers into safe, affordable loans.
Detailed Summary
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Status of the Legislation
Latest Major Action: 11/14/2007: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 485.
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