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NSP Termination Act - Rescinds and cancels permanently all unobligated balances remaining available, as of the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act, to the Secretary of Housing and Urban Development (HUD) for assistance to states and local governments for the redevelopment of abandoned and foreclosed homes and residential properties. (Thus, rescinds the third round of funding for the Neighborhood Stabilization Program [NSP].) Urges that all such rescinded and canceled amounts be retained in the Treasury General Fund for reducing the federal budget deficit.
Subjects to possible rescission and permanent cancellation certain amounts allocated by the Secretary under the third round of funding for the NSP to specified states, including city, county, and municipal governments.
Amends the Housing and Economic Recovery Act of 2008 to repeal emergency FY2008 appropriations for the Program.
States that such appropriations, together with amounts made available for the Program in the HUD, Community Planning and Development, Community Development Fund under title XII of division A of the American Recovery and Reinvestment Act of 2009, shall continue to be governed by any provisions of law applicable to such amounts as in effect before the repeal.
Requires the Secretary to terminate the Program upon the obligation of all such amounts and outlays to liquidate them.
Requires the Secretary to publish on the HUD website a statement as to: (1) termination of the NSP; and (2) the availability of a Member of Congress and state, county, and local officials to provide assistance in mitigating the impacts of foreclosed properties on an individual's community.
Requires the Comptroller General to study the economic impacts of: (1) round three NSP funding on states and communities that would occur if it were not rescinded and canceled but remained available, and (2) actual round one and round two NSP assistance on those states and communities.
Written by the nonpartisan Congressional Research Service, describing H.R. 861 as passed House amended on Mar 16, 2011. It is not the text of the measure; a later amendment may have changed what it does.
Mar 16, 2011Each bar: ✓ Yea from the bottom, ✕ Nay aboveMar 16, 2011
House Mar 16, 2011 · the primary vote
NSP Termination Act
Passed
242 Yea 182 Nay 8 not voting
Party-line vote 7 of 424 voting members broke with their own party: 5 Democrats, 2 Republicans.
DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present
432 members on this roll call, from the official House record. Party majorities need at least five voting members, so an independent never counts as breaking with a party.
Signing on is not a vote: a member can cosponsor H.R. 861 and vote against it. 3 signed when it was filed.
Organizations that named H.R. 861 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.
110 disclosures name this measure. Retrieved from LDA.gov on 2026-10-05. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.