Bill summaries are authored by CRS.

Shown Here:
Passed House amended (03/11/2011)

Emergency Mortgage Relief Program Termination Act - Rescinds and permanently cancels all unobligated funding remaining available under the Dodd-Frank Wall Street Reform and Consumer Protection Act for the Emergency Mortgage Relief Program. Terminates the program.

Requires all such unobligated balances so rescinded and permanently canceled to be retained in the general fund of the Treasury for reducing the debt of the federal government.

Directs the Secretary of Housing and Urban Development (HUD) to study: (1) the extent to which the Emergency Mortgage Relief Program is used by homeowners who are active duty members of the Armed Forces (or their spouses or parents), veterans, or Gold Star-eligible widows, parents, or next of kin of Armed Forces members who died in military operations or members or veterans with service-connected injuries (and their survivors and dependents); and (2) the impact of the program on such homeowners.