HOUSING HIGHLIGHTS  THE XXXX RECORD MISCELLANEOUS XXXX Voted to Prohibit Bonus Payments to Executives at Fannie Mae and Freddie Mac While Under Government Conservatorship. In 2012, XXXX voted for passage of the bill that would clarify that members of Congress and their aides are covered by current Securities and Exchange Commission regulations that bar the use of non-public information for trading stocks and bonds. The bill would state that existing House and Senate ethics rules bar lawmakers from voting on legislation on which they have a conflict of interest. It would require lawmakers and congressional aides who already file annual financial disclosure statements to report stock and bond transactions within 30 days of the transaction. The information would be posted on a publicly-available website. The bill would require lawmakers to disclose more financial data on their home mortgages and would prohibit the payment of bonuses to Fannie Mae and Freddie Mac executives while the two mortgage giants are under government conservatorship. The bill passed by a vote of 96-3. [S.2038, Vote #14, 2/2/12; HW, 2/3/12] XXXX Did Not Vote On Extending Homebuyer Tax Credit. In June 2010, XXXX did not a motion to invoke cloture (thus limiting debate) on the Reid, D-Nev., motion to concur in the House amendment to the Senate amendment with a further Reid substitute amendment no. 4425 that would extend eligibility for extended federal unemployment insurance and the deadline for consumers to benefit from the homebuyer tax credit program. [Vote 204, 6/30/10] XXXX Did Not Vote On Extension Of Homebuyers Tax Credit. In June 2010, XXXX did not vote on a Reid, D-Nev., amendment no. 4344 that would extend, through Sept. 30, 2010, the deadline for homebuyers to close on their properties to claim a first-time homebuyer tax credit, if they were under contract as of April 30, 2010, when authorization for the program expired. It would be offset by eliminating the possibility of a tax deduction for punitive damages judgments against businesses. [Vote 191, 6/16/10] XXXX Voted For Help for Homeowners Facing Foreclosure, Expanding FDIC Insurance and Borrowing Authority. In May 2009, XXXX voted for a bill designed to broaden a federal safety net for homeowners on the brink of foreclosure and boost the liquidity of a key banking regulator, amid skyrocketing foreclosure rates. The bill would expand the borrowing authority for the Federal Deposit Insurance Corporation to $100 billion from $30 billion. Federal regulators would have the option of expanding the borrowing authority to $500 billion through 2010. The bill also would extend, until 2013, an increase in the FDIC’s deposit insurance to $250,000. It was bumped from $100,000 by the financial industry bailout law enacted the previous fall. The bill also would expand eligibility for the Hope for Homeowners program, a $300 billion housing program enacted the previous summer to spur homeowners struggling to make mortgage payments to refinance into 30-year, fixed-rate mortgages insured by the Federal Housing Administration. The bill would shield lenders participating in the Obama administration’s $75 billion housing program or the Hope for Homeowners program from investor lawsuits. The bill passed 91-5. [CQ Today, 5/06/09; Vote 185, 5/06/09] XXXX Voted Against Allowing Bankruptcy Judges to Alter Terms of Mortgages. In April 2009, XXXX voted against an amendment to a housing bill that would have given bankruptcy judges the option of changing the terms of a mortgage loan. It would allow judges to alter the interest rate, principal or payment period on a mortgage — a process often referred to as “cramdown.” The amendment failed 45-51. [CQ Today, 4/30/09; Vote 174, 4/30/09] 213