Text: H.R.4324 — 111th Congress (2009-2010)All Bill Information (Except Text)

There is one version of the bill.

Text available as:

Shown Here:
Introduced in House (12/15/2009)


111th CONGRESS
1st Session
H. R. 4324

To amend the Homeowners Assistance Program of the Department of Defense to give the Secretary of Defense flexibility regarding setting the commencement date for homeowner assistance for members of the Armed Forces permanently reassigned during the mortgage crisis.


IN THE HOUSE OF REPRESENTATIVES
December 15, 2009

Ms. Titus introduced the following bill; which was referred to the Committee on Armed Services, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned


A BILL

To amend the Homeowners Assistance Program of the Department of Defense to give the Secretary of Defense flexibility regarding setting the commencement date for homeowner assistance for members of the Armed Forces permanently reassigned during the mortgage crisis.

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

SECTION 1. Flexible commencement dates for availability of homeowner assistance for members of the Armed Forces permanently reassigned during mortgage crisis.

(a) Modification of reassignment, purchase, and sale dates.—Subsection (a)(3) of section 1013 of the Demonstration Cities and Metropolitan Development Act of 1966 (42 U.S.C. 3374) is amended—

(1) in subparagraph (C), by striking “or an earlier end date designated by the Secretary” and by inserting “or an earlier start or end date designated by the Secretary under subsection (c)(3)(C) for a specific military base or installation”;

(2) in subparagraph (D), by inserting “, or a later purchase date designated by the Secretary under subsection (c)(3)(C) for a specific military base or installation” after “July 1, 2006”; and

(3) in subparagraph (E), by striking “between July 1, 2006, and September 30, 2012, or an earlier end date designated by the Secretary” and inserting “between the purchase date in effect for the military base or installation under subparagraph (D) and the end date in effect for the military base or installation under subparagraph (D)”.

(b) Modification process.—Subsection (c)(3) of such section is amended by adding at the end the following new subparagraph:

“(C) MODIFICATION OF REASSIGNMENT, PURCHASE, AND SALE DATES.—In exercising the authority under subsection (a)(3) to designate different reassignment, purchase, and sale dates for a specific military base or installation, the Secretary of Defense shall consult with the Secretary of Housing and Urban Development and the Secretary of the Treasury regarding the condition of housing markets in the area of the base or installation so that the Secretary of Defense has the information needed to effectively assist members of the Armed Forces and their families.”.