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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (4)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Graduated Mortgage Insurance Act
Young Families Housing Act

Short Titles as Introduced for portions of this bill
  • Individual Housing Account Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

A bill to amend the National Housing Act to provide for the insurance of graduated payment mortgages.

Actions Overview (1)

Date Actions Overview
07/13/1977Introduced in House

All Actions (2)

Date All Actions
07/13/1977Referred to House Committee on Banking, Finance and Urban Affairs.
Action By: House of Representatives
07/13/1977Introduced in House
Action By: House of Representatives

Cosponsors (24)

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Banking, Finance, and Urban Affairs07/13/1977 Referred to

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Subjects (9)

Latest Summary (1)

There is one summary for H.R.8301. View summaries

Shown Here:
Introduced in House (07/13/1977)

Young Families' Housing Act - Graduated Payment Mortgage Insurance Act - Amends the National Housing Act to permit the Secretary of Housing and Urban Development to insure, on a regular basis, mortgages and loans with provisions for varying rates of amortization corresponding to anticipated variations in family income.

Sets a percentage limit on the mortgage value ratio of mortgages which will be insurable under this Act. Prescribes eligibility requirements for such insurance. States that mortgages or loans insured pursuant to this Act shall not be subject to State usury laws in most cases.

Individual Housing Account Act - Amends the Internal Revenue Code to allow a deduction for amounts paid in cash into an individual housing account. Defines the term "individual housing account" for the purposes of this Act. Limits annual tax deductions to $2,500 and lifetime deductions to $10,000.

Makes provisions for tax treatment upon distribution of such accounts. Exempts individual housing accounts from taxation under the Internal Revenue Code.