GROW Affordable Housing Act

I 116TH CONGRESS 1ST SESSION H. R. 5223 To amend the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to adjust the affordable housing allocations. IN THE HOUSE OF REPRESENTATIVES NOVEMBER 21, 2019 Mrs. BEATTY introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to adjust the affordable housing allocations. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLES. 3 This Act may be cited as the ‘‘Generating Resources 4 and Opportunities Within Affordable Housing Act’’ or the 5 ‘‘GROW Affordable Housing Act’’. 6 SEC. 2. AFFORDABLE HOUSING ALLOCATIONS. 7 Section 1337(a) of the Federal Housing Enterprises 8 Financial Safety and Soundness Act of 1992 (12 U.S.C. 9 VerDate Sep 11 2014 02:16 Dec 04, 2019 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H5223.IH H5223 kjohnson on DSK79L0C42 with BILLS 2 •HR 5223 IH 4567(a)) is amended by striking ‘‘4.2 basis points’’ each 1 place such term appears and inserting ‘‘10 basis points’’. 2 Æ VerDate Sep 11 2014 02:16 Dec 04, 2019 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H5223.IH H5223 kjohnson on DSK79L0C42 with BILLS