Text: H.R.5527 — 109th Congress (2005-2006)All Bill Information (Except Text)

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Introduced in House (06/06/2006)


109th CONGRESS
2d Session
H. R. 5527

To extend the authority of the Secretary of Housing and Urban Development to restructure mortgages and rental assistance for certain assisted multifamily housing.


IN THE HOUSE OF REPRESENTATIVES
June 6, 2006

Mr. Ney (for himself, Ms. Waters, Mr. Gerlach, and Mr. Frank of Massachusetts) introduced the following bill; which was referred to the Committee on Financial Services


A BILL

To extend the authority of the Secretary of Housing and Urban Development to restructure mortgages and rental assistance for certain assisted multifamily housing.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Mark-to-Market Extension Act of 2006”.

SEC. 2. Reauthorization.

Section 579 of the Multifamily Assisted Housing Reform and Affordability Act of 1997 (42 U.S.C. 1437f note) is amended—

(1) in subsection (a)(1), by striking “October 1, 2006” and inserting “October 1, 2011”; and

(2) in subsection (b), by striking “October 1, 2006” and inserting “October 1, 2011”.