Political Quotes

On the recordOctober 19, 2011
I ask unanimous consent that reading of the amendment be dispensed with. The PRESIDING OFFICER. Without objection, it is so ordered. The amendment is as follows: (Purpose: To extend loan limits for programs of the government- sponsored enterprises, the Federal Housing Administration, and the Veterans Affairs Administration, and for other purposes) At the appropriate place, insert the following: SEC. _. HOUSING LOAN LIMIT EXTENSIONS. (a) Federal Housing Administration.--Notwithstanding any other provision of law, for mortgages for which a Federal Housing Administration case number has been assigned during the period beginning on the date of enactment of this Act and ending on December 31, 2013, the dollar amount limitation on the principal obligation for purposes of section 203 of the National Housing Act (12 U.S.C. 1709) shall be considered to be, except for purposes of section 255(g) of such Act (12 U.S.C. 1715z-20(g)), the greater of-- (1) the dollar amount limitation on the principal obligation of a mortgage determined under section 203(b)(2) of the National Housing Act (12 U.S.C. 1709(b)(2)); or (2) the dollar amount limitation that was prescribed for such size residence for such area for 2008 pursuant to section 202 of the Economic Stimulus Act of 2008 (Public Law 110-185; 122 Stat. 620).…
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Bob Menendez
Democratic · New Jersey

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