S. 2490 - Reverse Mortgage Proceeds Protection Act
Housing. 110th Congress (2007-2008) View bill details
- Sponsor:
- Claire McCaskill
- Summary:
- A bill to prohibit authorized lenders of home equity conversion mortgages from requiring seniors to purchase an annuity with the proceeds of a reverse mortgage, and to provide other consumer protections to reverse mortgage borrowers. (by CRS)
- Status:
- The bill has been introduced.
There have been no votes on this bill.
Reverse Mortgage Proceeds Protection Act
S. 2490 — 110th Congress (2007–2008)
- Summary
- A bill to prohibit authorized lenders of home equity conversion mortgages from requiring seniors to purchase an annuity with the proceeds of a reverse mortgage, and to provide other consumer protections to reverse mortgage borrowers. (by CRS)
- Learn More
- At OpenCongress
- Title
- A bill to prohibit authorized lenders of home equity conversion mortgages from requiring seniors to purchase an annuity with the proceeds of a reverse mortgage, and to provide other consumer protections to reverse mortgage borrowers.
- Other Titles
- Reverse Mortgage Proceeds Protection Act
- Sponsor
- Claire McCaskill
- Co-Sponsors
- Subjects
- Housing
- Administrative procedure
- Aged
- Annuities
- Business
- Consumer protection
- Consumers
- Counseling
- Department of Housing and Urban Development
- Executive departments
- Finance
- Financial services
- Health policy
- Home equity conversion
- Housing for the aged
- Insurance premiums
- Law
- Long-term care insurance
- Marketing
- Medical care
- Pensions
- Social services
- Related Bills
- Major Actions
Introduced 12/14/2007 Referred to Committee - Bill History
-
There have been no votes on this bill.
Action Date Description Introduced 12/14/2007 12/14/2007 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Number Sponsor Date Offered Status
- chart
- table
Total contributions given to Senators from Elderly issues/Social Security, which…
supported this bill
| Elderly issues/Social Security | $269,015 |
| $269,015 |
Includes reported contributions to congressional campaigns of Senators in office during the 110th U.S. Congress, from Elderly issues/Social Security interest groups, January 1, 2003 – December 31, 2008.
Contributions data source: OpenSecrets.org
Contributions data source: OpenSecrets.org
Contributions by Legislator
Name | Party | State | $ From Interest Groups That Supported | $ From Interest Groups That Opposed |
|---|---|---|---|---|
| Daniel K. Akaka | D | HI | $1,000 | $0 |
| Andrew Lamar Alexander | R | TN | $0 | $0 |
| Alan Wayne Allard | R | CO | $0 | $0 |
| John Barrasso | R | WY | $0 | $0 |
| Max Baucus | D | MT | $8,500 | $0 |
| Birch "Evan" Bayh | D | IN | $0 | $0 |
| Bob Bennett | R | UT | $0 | $0 |
| Joe Biden | D | DE | $0 | $0 |
| Jesse "Jeff" Bingaman | D | NM | $4,000 | $0 |
| Christopher "Kit" Bond | R | MO | $0 | $0 |
| Barbara Boxer | D | CA | $4,000 | $0 |
| Sherrod Brown | D | OH | $13,000 | $0 |
| Sam Brownback | R | KS | $0 | $0 |
| Jim Bunning | R | KY | $0 | $0 |
| Richard Burr | R | NC | $0 | $0 |
| Robert Byrd | D | WV | $3,000 | $0 |
| Maria Cantwell | D | WA | $1,250 | $0 |
| Ben Cardin | D | MD | $10,450 | $0 |
| Tom Carper | D | DE | $1,580 | $0 |
| Bob Casey | D | PA | $14,800 | $0 |
| Clarence Saxby Chambliss | R | GA | $0 | $0 |
| Hillary Clinton | D | NY | $9,950 | $0 |
| Tom Coburn | R | OK | $0 | $0 |
| William Thad Cochran | R | MS | $0 | $0 |
| Norm Coleman | R | MN | $0 | $0 |
| Susan M. Collins | R | ME | $0 | $0 |
| Gaylord Kent Conrad | D | ND | $6,000 | $0 |
| Bob Corker | R | TN | $0 | $0 |
| John Cornyn | R | TX | $0 | $0 |
| Larry Craig | R | ID | $0 | $0 |
| Mike Crapo | R | ID | $0 | $0 |
| Jim DeMint | R | SC | $0 | $0 |
| Chris Dodd | D | CT | $7,800 | $0 |
| Mary Elizabeth Dole | R | NC | $250 | $0 |
| Pete Domenici | R | NM | $0 | $0 |
| Byron Dorgan | D | ND | $4,000 | $0 |
| Dick Durbin | D | IL | $4,000 | $0 |
| John Ensign | R | NV | $0 | $0 |
| Mike Enzi | R | WY | $0 | $0 |
| Russ Feingold | D | WI | $10,499 | $0 |
| Dianne Feinstein | D | CA | $3,200 | $0 |
| Lindsey Graham | R | SC | $0 | $0 |
| Chuck Grassley | R | IA | $2,000 | $0 |
| Judd Gregg | R | NH | $0 | $0 |
| Chuck Hagel | R | NE | $0 | $0 |
| Tom Harkin | D | IA | $5,000 | $0 |
| Orrin G. Hatch | R | UT | $0 | $0 |
| Kay Bailey Hutchison | R | TX | $0 | $0 |
| Jim Inhofe | R | OK | $0 | $0 |
| Dan Inouye | D | HI | $1,000 | $0 |
| Johnny Isakson | R | GA | $0 | $0 |
| Tim Johnson | D | SD | $8,000 | $0 |
| Ted Kennedy | D | MA | $1,800 | $0 |
| John F. Kerry | D | MA | $0 | $0 |
| Amy Klobuchar | D | MN | $7,500 | $0 |
| Herb Kohl | D | WI | $0 | $0 |
| Jon Kyl | R | AZ | $0 | $0 |
| Mary L. Landrieu | D | LA | $5,000 | $0 |
| Frank R. Lautenberg | D | NJ | $3,500 | $0 |
| Patrick J. Leahy | D | VT | $0 | $0 |
| Carl Levin | D | MI | $1,000 | $0 |
| Joe Lieberman | I | CT | $5,400 | $0 |
| Blanche Lincoln | D | AR | $6,000 | $0 |
| Chester Trent Lott | R | MS | $0 | $0 |
| Dick Lugar | R | IN | $0 | $0 |
| Mel Martinez | R | FL | $0 | $0 |
| John McCain | R | AZ | $2,000 | $0 |
| Claire McCaskill | D | MO | $10,000 | $0 |
| Addison "Mitch" McConnell | R | KY | $0 | $0 |
| Bob Menéndez | D | NJ | $7,500 | $0 |
| Barbara A. Mikulski | D | MD | $9,000 | $0 |
| Lisa Murkowski | R | AK | $0 | $0 |
| Patty Murray | D | WA | $9,588 | $0 |
| Earl "Ben" Nelson | D | NE | $8,999 | $0 |
| Clarence "Bill" Nelson | D | FL | $5,000 | $0 |
| Barack Obama | D | IL | $3,750 | $0 |
| Mark L. Pryor | D | AR | $3,000 | $0 |
| John "Jack" Reed | D | RI | $2,400 | $0 |
| Harry Reid | D | NV | $6,000 | $0 |
| Charles "Pat" Roberts | R | KS | $0 | $0 |
| John "Jay" Rockefeller | D | WV | $2,000 | $0 |
| Ken Salazar | D | CO | $6,000 | $0 |
| Bernie Sanders | I | VT | $5,500 | $0 |
| Chuck Schumer | D | NY | $1,000 | $0 |
| Jeff Sessions | R | AL | $0 | $0 |
| Richard C. Shelby | R | AL | $0 | $0 |
| Gordon Smith | R | OR | $4,000 | $0 |
| Olympia J. Snowe | R | ME | $5,000 | $0 |
| Arlen Specter | D | PA | $5,000 | $0 |
| Debbie Stabenow | D | MI | $7,500 | $0 |
| Ted Stevens | R | AK | $0 | $0 |
| John Sununu | R | NH | $250 | $0 |
| Jon Tester | D | MT | $5,199 | $0 |
| John Thune | R | SD | $300 | $0 |
| David Vitter | R | LA | $0 | $0 |
| George Voinovich | R | OH | $2,000 | $0 |
| John Warner | R | VA | $0 | $0 |
| Jim Webb | D | VA | $1,550 | $0 |
| Sheldon Whitehouse | D | RI | $2,000 | $0 |
| Ron Wyden | D | OR | $1,000 | $0 |
