Is it true that the House sat on Senate immigration legislation for a year?

In his 15 minute speech,  Thursday night,  Obama mentioned that the House has sat on Senate approved legislation for over a year,  and did nothing.  

In defense of the House inaction,  we have this:   

Understand that the CBO (Congressional Budget Office),  which is responsible for "scoring" a proposed bill's claims, did an analysis of the Senate bill and found that the bill did not secure the border,  as claimed.  In fact,  the CBO found that no more than 30% of illegal traffic coming across the border would be prevented with the ratification the Senate bill . . . . .   not good enough for anyone with an ounce of commonsense.  After all,  the point of new "comprehensive immigration legislation" includes closing the southern border, or,  at least,  slowing illegal entry to a respectable or manageable level.  The Senate bill did none of that.  And there was no willingness on the part of the Harry Reid and his do nothing Senate,  to negotiate on this point.