There are two new co-sponsors to H.R. 3543, the Permanently Protecting Tenants at Foreclosure Act. House Committee on Financial Services Ranking Member Maxine Waters (D-CA) and Representative Carol Shea-Porter (D-NH) cosponsored the legislation on February 18. The measure, introduced by Representative Keith Ellison (D-MN), now has 24 cosponsors and has been referred to the Committee on Financial Services.
The Protecting Tenants at Foreclosure Act (PTFA) is the only federal protection for renters living in foreclosed properties and provides these renters with the right to at least 90 days’ notice before being required to move. If Congress does not act by the end of 2014, the law will expire. H.R. 3543 would remove the law’s sunset date and would add a private right of action to the law as an enforcement mechanism.
NLIHC urges advocates to ask their Representatives to cosponsor H.R. 3543 and to ask their Senators to cosponsor S. 1761, the Senate version of the legislation, sponsored by Senator Richard Blumenthal (D-CT).