H.R. 3648 · 110th Congress · 2007–2008
Mortgage Forgiveness Debt Relief Act of 2007
H.R. 3648 in the 110th Congress (2007–2008) became law — introduced on Sep 25, 2007, sponsored by Charles B. Rangel with 25 co-sponsors. Congress held 2 roll call votes on it.
During the 110th Congress (2007–2008), George W. Bush was president, and Democrats held the House majority and Republicans the Senate majority.
- Status
- Became law
- Introduced
- Sep 25, 2007
- Co-sponsors
- 25
- Policy area
- Taxation
- Public law
- Public Law 110-142
What it does
Mortgage Forgiveness Debt Relief Act of 2007 - Amends the Internal Revenue Code to exclude from gross income amounts attributable to a discharge, prior to January 1, 2010, of indebtedness incurred to acquire a principal residence. Limits to $2 million the excludable amount of such indebtedness. Reduces the basis of a principal residence by the amount of discharged indebtedness excluded from gross income.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Charles B. Rangel (D-NY). Co-sponsors: 22 Democrats, 3 Republicans.
Where it stands
- IntroducedSep 25, 2007
- Passed the HouseOct 4, 2007
- Passed the SenateDec 14, 2007
- Sent to the PresidentDec 19, 2007
- Became lawDec 20, 2007
Latest action: Became Public Law No: 110-142. (Dec 20, 2007)
How Congress voted
- On Passage
House · Oct 4, 2007 · Passed386–27 - On Motion to Recommit with Instructions
House · Oct 4, 2007 · Failed201–212
Every roll call vote on this bill
- Mortgage Forgiveness Debt Relief Act of 2007.House · Oct 4, 2007
- Mortgage Forgiveness Debt Relief Act of 2007.House · Oct 4, 2007
More bills from Charles B. Rangel in the 110th Congress
- H.R. 1830: To extend the authorities of the Andean Trade Preference Act until February 29, 2008.
- H.R. 954: To designate the facility of the United States Postal Service located at 365 West 125th Street in…
- H.R. 3996: Tax Increase Prevention Act of 2007
- H.R. 4839: Tax Technical Corrections Act of 2007
- H.R. 5270: Airport and Airway Extension Act of 2008
- H.R. 5264: Andean Trade Preference Extension Act of 2008
- H.R. 6081: Heroes Earnings Assistance and Relief Tax Act of 2008
- H.R. 6327: Federal Aviation Administration Extension Act of 2008
- H.R. 6331: Medicare Improvements for Patients and Providers Act of 2008
- H.R. 6532: To amend the Internal Revenue Code of 1986 to restore the Highway Trust Fund balance.
Other Taxation bills in the 110th Congress
- H.R. 3678: Internet Tax Freedom Act Amendments Act of 2007
- H.R. 4118: To exclude from gross income payments from the Hokie Spirit Memorial Fund to the victims of the…
- H.R. 3996: Tax Increase Prevention Act of 2007
- H.R. 4839: Tax Technical Corrections Act of 2007
- S. 2436: A bill to amend the Internal Revenue Code of 1986 to clarify the term of the Commissioner of…
- H.R. 6081: Heroes Earnings Assistance and Relief Tax Act of 2008
- H.R. 6532: To amend the Internal Revenue Code of 1986 to restore the Highway Trust Fund balance.
- H.R. 7082: Inmate Tax Fraud Prevention Act of 2008
- S. 14: Invest in America Act
- H.R. 25: Fair Tax Act of 2007
Committees
- Finance Committee
- Ways and Means Committee
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 3648 (110th Congress): Mortgage Forgiveness Debt Relief Act of…,” https://www.capitolreceipts.com/bill/110-hr-3648/mortgage-forgiveness-debt-relief-act-of-2007 (accessed 2026-10-17).