AJR 40 California Assembly · 2011-2012 Regular Session

Relative to mortgages.

Summary

This measure would urge the Federal Housing Finance Agency, and specifically its director, Edward DeMarco, to immediately allow the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation to offer principal reductions to homeowners who owe more on their home loans than what their homes are worth.

Bill status signed all 5 stages cleared

Introduction

May 2012

Committee Review

Aug 2012

Assembly Passage

Jul 2012

Senate Passage

Aug 2012

Signed into Law

Sep 2012

Introduced May 15, 2012 Signed Sep 18, 2012

Floor votes · Assembly Jul 5, 2012

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Sep 18, 2012

Introduced

Enrolled and filed with the Secretary of State at 4:45 p.m.

legislature

Aug 30, 2012

Lower · Passed

In Assembly. Ordered to Engrossing and Enrolling.

lower

Aug 30, 2012

Upper · Passed

Adopted and to Assembly. (Ayes 22. Noes 13. Page 5026.)

upper

Jul 5, 2012

Lower · Passed

Adopted and to Senate. (Ayes 53. Noes 22. Page 5603.)

lower

Jul 3, 2012

Lower · Passed

From committee: Be adopted. Ordered to third reading. (Ayes 8. Noes 2.) (July 2).

lower

Jun 11, 2012

Committee

Referred to Com. on B. & F.

lower

May 15, 2012

Introduced

Introduced. To print.

lower

1 primary · 12 co-sponsors