Housing

A joint resolution to provide for the temporary extension of certain programs relating to housing and community development, and for other purposes.

United States · United States Congress · 19 December 1985

Amends the National Housing Act to extend authority through March 17, 1986, for: (1) title I financial institution insurance for housing renovation and modernization; (2) general mortgage insurance; (3) low and moderate income and displaced families mortgage insurance; (4) homeownership for lower income families including mortgage insurance authority and housing stimulus authority; (5) mortgage co-insurance, including rental rehabilitation and development projects; (6) graduated payment and indexed mortgage insurance; (7) the demonstration mortgage reinsurance program; (8) mortgage insurance for armed forces' civilian employees and defense housing for impacted areas; (9) mortgage insurance for land development; and (10) mortgage insurance for medical and dental group practice facilities. Amends the Housing Act of 1964 to extend urban rehabilitation loan authority through March 17, 1986. Amends the Housing Act of 1949 to extend Farmers Home Administration authority through March 17, 1986, for: (1) insured loans for rental and cooperative housing and related facilities for elderly persons and families in rural areas; (2) rural communities with 10,000 - 20,000 population to participate in rural housing programs; and (3) mutual and self-help housing grant and loan authority. Amends the National Flood Insurance Act of 1968 to extend authority through March 17, 1986, for national flood insurance, including emergency implementation and flood-risk zones. Limits flood and crime insurance premium rate increases during such period to a maximum prorated annual rate of five percent. Amends the National Housing Act to extend authority for the national crime insurance program through March 17, 1986. Amends the Housing and Community Development Act of 1974 to extend through March 17, 1986, community development block grant entitlement authority for certain metropolitan city and urban county areas. Amends the Housing and Urban-Rural Recovery Act of 1983 to extend through March 17, 1986, the maximum interest rate limitation on loans for housing and related facilities for elderly or handicapped families. Extends the Home Mortgage Disclosure Act through March 17, 1986.

Sudden and Severe Economically Depressed Cities Loan Guarantee and Loan Interest Subsidy Act

United States · United States Congress · 18 December 1985

Sudden and Severe Economically Depressed Cities Loan Guarantee and Loan Interest Subsidy Act - Title I: Loan Guarantees - Authorizes the Secretary of the Treasury, upon the request of a local government and the State governor, to guarantee the timely payment of all or part of the indebtedness of a local government that: (1) is severely economically depressed; (2) has lost a significant amount of its industry, employed population, and tax base; and (3) is in a financial crisis and is unable to meet its financial obligations or maintain vital municipal services. Directs the Secretary to provide interest subsidies to enable cities to obtain loans at below market interest rates. Authorizes appropriations. Title II: Emergency Use of Community Development Block Grants for City Services in Severely Economically Depressed Cities - Authorizes the Secretary of Housing and Urban Development, upon the request of a local government and the State governor, to permit a local government which has lost such a significant amount of industry and taxpaying population that its tax base can no longer support its police, firefighter, ambulance, and medical services to divert portions of its community development block grant to pay for such services.

A bill to amend title 5, United States Code, to authorize temporary family housing for certain dependents of deceased members of the Armed Forces; and to amend title 37, United States Code, to authorize temporary payment of an allowance for quarters for certain dependents of deceased members of the uniformed services.

United States · United States Congress · 17 December 1985

Amends Federal employee allowances provisions to authorize the Secretary of Defense, or the Secretary of Transportation in the case of the Coast Guard when not operating as a service in the Navy, to allow dependents of a member of the armed forces who dies in the line of duty who are occupying federally-owned family housing on a nonrental basis to continue to occupy such housing without charge for a period of 60 days following the member's death. Amends Federal provisions concerning the military basic allowances for quarters (BAQ) to authorize the Secretary concerned to pay a BAQ to dependents of a member of the armed forces who dies in the line of duty who are either not occupying military family housing or are occupying such housing on a rental basis at the time of the member's death. Terminates such payment 60 days after the date of the member's death.

A bill to amend title 5, United States Code, to authorize temporary family housing for certain dependents of deceased members of the Armed Forces; and to amend title 37, United States Code, to authorize temporary payment of a basic allowance for quarters for certain dependents of deceased members of the Armed Forces.

United States · United States Congress · 17 December 1985

Amends Federal employee allowances provisions to authorize the Secretary of Defense, or the Secretary of Transportation in the case of the Coast Guard when not operating as a service in the Navy, to allow dependents of a deceased member of the armed forces who are occupying federally-owned family housing on a nonrental basis to continue to occupy such housing without being charged for a period of 60 days following the member's death. Amends Federal provisions concerning the military basic allowance for quarters (BAQ) to authorize the Secretary concerned to pay a BAQ to dependents of a deceased member of the armed forces who are either not occupying military family housing or are occupying such housing on a rental basis at the time of the member's death. Terminates such payment 60 days after the date of the member's death.

A bill to amend title 10, United States Code, to include in the death gratuity payable to survivors of a member of the Armed Forces who dies on active duty an amount equivalent to two months' housing allowances.

United States · United States Congress · 17 December 1985

Amends Federal provisions concerning death benefits payable to military dependents to increase such benefit to $3,000 plus an amount equal to two months' housing allowance in effect at the time of the member's death. Directs the Secretary of the military department concerned to provide survivors of a deceased member who are occupying Government quarters at the time of the member's death a reasonable period of time before being required to vacate such quarters.

A joint resolution to designate the week beginning on June 1, 1986, as "National Neighborhood Housing Services Week".

United States · United States Congress · 17 December 1985

Designates the week beginning on June 1, 1986, as National Neighborhood Housing Services Week.

A bill to permit the Secretaries of military departments and heads of defense agencies to provide dependents of deceased military members family housing without charge for a period not to exceed 60 days.

United States · United States Congress · 16 December 1985

Amends Federal employees' allowances provisions to authorize the Secretaries of the military departments and the heads of the defense agencies to allow dependents of deceased military members to occupy military family housing without charge for a period of up to 60 days after the member's death. Amends military pay and allowances provisions to authorize the Secretaries of the military departments and the heads of the defense agencies to make payments equivalent to a housing allowance to dependents of military members not occupying Government-provided housing at the time of their death. Terminates such payments 60 days after the member's death.

A joint resolution to provide for the temporary extension of certain programs relating to housing and community development, and for other purposes.

United States · United States Congress · 12 December 1985

Amends the National Housing Act to extend authority through March 1, 1986, for: (1) title I financial institution insurance for housing renovation and modernization; (2) general mortgage insurance; (3) low and moderate income and displaced families mortgage insurance; (4) homeownership for lower income families including mortgage insurance authority and housing stimulus authority; (5) mortgage co-insurance, including rental rehabilitation and development projects; (6) graduated payment and indexed mortgage insurance; (7) the demonstration mortgage reinsurance program; (8) mortgage insurance for armed forces' civilian employees and defense housing for impacted areas; (9) mortgage insurance for land development; and (10) mortgage insurance for medical and dental group practice facilities. Amends the Housing Act of 1964 to extend urban rehabilitation loan authority through March 1, 1986. Amends the Housing Act of 1949 to extend Farmers Home Administration authority through March 1, 1986, for: (1) insured loans for rental and cooperative housing and related facilities for elderly persons and families in rural areas; (2) rural communities with 10,000 - 20,000 population to participate in rural housing programs; and (3) mutual and self-help housing grant and loan authority. Amends the National Flood Insurance Act of 1968 to extend authority through March 1, 1986, for national flood insurance, including emergency implementation and flood-risk zones. Limits flood and crime insurance premium rate increases during such period to a maximum prorated annual rate of five percent. Amends the National Housing Act to extend authority for the national crime insurance program through March 1, 1986. Amends the Housing and Community Development Act of 1974 to extend through March 1, 1986, community development block grant entitlement authority for certain metropolitan city and urban county areas. Amends the Housing and Urban-Rural Recovery Act of 1983 to extend through March 1, 1986, the maximum interest rate limitation on loans for housing and related facilities for elderly or handicapped families. Extends the Home Mortgage Disclosure Act through March 1, 1986.

Housing and Community Development Amendments Act of 1985

United States · United States Congress · 9 December 1985

Housing and Community Development Amendments Act of 1985 - Title I: Housing Assistance - Amends and extends various housing laws for FY 1986 with respect to: (1) lower income housing authorizations for FY 1986; (2) public housing loan repayments; (3) a public housing comprehensive grant program; (4) lower income housing assistance; (5) housing for the elderly and handicapped; (6) congregate services; (7) homeownership for lower income families; and (8) certain multifamily housing projects. Authorizes the Department of Housing and Urban Development to institute procedures to prevent fraud in housing programs. Title II: Rural Housing - Amends the Housing Act of 1949 to set forth rural housing authorizations for FY 1986. Grants certain authorities to the Secretary of Housing and Urban Development relating to management of insured loans. Title III: Community Development - Authorizes the Secretary to provide grants to nonprofit organizations to carry out a Nehemiah housing opportunity program to provide loans to families purchasing approved constructed or rehabilitated homes. Requires an annual report to the Congress. Requires that each loan: (1) be secured by a second mortgage held by the Secretary; (2) not exceed $15,000; (3) be interest-free; and (4) be repayable to the Secretary upon the transfer of such property to an ineligible family under specified circumstances. Sets forth related program requirements, conditions of assistance, and selection criteria. Establishes in the Treasury the Nehemiah Housing Opportunity Fund. Provides a "permanent entitlement" transition for community development block grants of five years for any city that no longer qualifies as a metropolitan city. Extends the Urban Development Action Grants program through FY 1987 and makes administrative revisions to such program. Amends the Housing Act of 1964 to extend rehabilitation loan authority through FY 1986. Amends the Neighborhood Reinvestment Corporation Act to authorize FY 1986 appropriations. Amends the Housing and Urban-Rural Recovery Act of 1983 to extend authority for the neighborhood development demonstration program through FY 1986. Amends the Housing and Community Development Act of 1974 to extend authority for the urban homesteading program through FY 1986. Title IV: Mortgage Credit and Miscellaneous Provisions - Amends the National Housing Act to authorize FY 1986 programs for: (1) title I insurance; (2) general insurance; (3) low and moderate income housing insurance; (4) co-insurance; (5) graduated payment and indexed mortgage insurance; (6) armed services housing insurance; (7) land development insurance; and (8) group practice facilities insurance. Increases mortgage limits for multifamily projects in high cost areas. Amends the Federal National Mortgage Association Charter Act to extend the Government National Mortgage Association mortgage-backed securities program through FY 1986. Prohibits the imposition of fees on Federal National Mortgage Association and Federal Home Loan Mortgage Corporation transactions. Limits fees on Government National Mortgage Association transactions. Extends provisions of the Home Mortgage Disclosure Act of 1975 through FY 1988. Amends the National Flood Insurance Act of 1968 to extend flood insurance and emergency implementation of flood insurance program authority through FY 1986. Title V: Homeless Assistance - Directs the Director of the Federal Emergency Management Agency to constitute an emergency housing and food program national board of volunteer agencies to carry out an emergency housing and food program. States that such board shall distribute program funds to localities (which shall constitute local boards) with the greatest need for emergency food and housing assistance. Requires the local board to submit to the national board an annual local homeless housing assistance plan. Limits administrative costs to not more than three percent of appropriations. Authorizes FY 1986 through 1988 appropriations. Directs the Secretary to make grants for demonstration projects to assist the homeless in the transition to independent living. Requires interim and final reports to the Congress. Authorizes FY 1986 through 1988 appropriations.

National Conference on Cities and Towns Act

United States · United States Congress · 2 December 1985

National Conference on Cities and Towns Act - Directs the President to conduct a National Conference on Cities and Towns not earlier than December 1, 1986, and not later than December 1, 1987. Sets forth the purposes of such Conference concerning: (1) relations between cities and towns and the Federal system; and (2) present and future problems facing cities and towns. Encourages each State Governor to conduct a State-level conference to prepare for the National Conference. Sets forth the method of selecting delegates to such Conference. Requires all departments, agencies, and instrumentalities to provide assistance as necessary to facilitate the planning of the Conference. Requires the Secretary of Housing and Urban Development to provide assistance as necessary for the organization and conduct of State conferences. Authorizes the Secretary to enter into contracts to carry out the purposes of this Act. Requires the Directors of the Congressional Research Service and the Congressional Budget Office to provide background materials for the use of participants in the National Conference and State conferences. Prohibits the use of funds under this Act to reimburse the expenses of participants to the National Conference. Authorizes the President to appoint an executive director and other directors and personnel as necessary for the Conference. Authorizes the detailing of Federal and military personnel in planning and administering such Conference. Requires a final report of findings and recommendations to the President and the Congress within six months after the date the Conference is convened. Requires that such report be distributed to delegates, alternates, and State Governors and be available for sale to the public. Authorizes appropriations.

A joint resolution to provide for the temporary extension of certain programs relating to housing and community development, and for other purposes.

United States · United States Congress · 12 November 1985

Amends the National Housing Act to extend authority for 30 days for: (1) title I financial institution insurance for housing renovation and modernization; (2) general mortgage insurance; (3) low and moderate income and displaced families mortgage insurance; (4) homeownership for lower income families including mortgage insurance authority and housing stimulus authority; (5) mortgage co-insurance, including rental rehabilitation and development projects; (6) graduated payment and indexed mortgage insurance; (7) the demonstration mortgage reinsurance program; (8) mortgage insurance for armed forces' civilian employees and defense housing for impacted areas; (9) mortgage insurance for land development; and (10) mortgage insurance for medical and dental group practice facilities. Amends the Housing Act of 1964 to extend for 30 days urban rehabilitation loan authority. Amends the Housing Act of 1949 to extend Farmers Home Administration authority for 30 days for: (1) insured loans for rental and cooperative housing and related facilities for elderly persons and families in rural areas; (2) rural communities with 10,000 - 20,000 population to participate in rural housing programs; and (3) mutual and self-help housing grant and loan authority. Amends the National Flood Insurance Act of 1968 to extend authority for 30 days for national flood insurance, including emergency implementation and flood-risk zones. Amends the National Housing Act to extend authority for 30 days for the national crime insurance program. Amends the Housing and Community Development Act of 1974 to extend for 30 days community development block grant entitlement authority for certain metropolitan city and urban county areas. Amends the Housing and Urban-Rural Recovery Act of 1983 to extend for 30 days the maximum interest rate limitation on loans for housing and related facilities for elderly or handicapped families. Extends the Home Mortgage Disclosure Act for 30 days.

Multifamily Housing Preservation Loan Act

United States · United States Congress · 18 October 1985

Multifamily Housing Preservation Loan Act - Authorizes capital improvement loans for certain multifamily housing projects. Establishes in the Treasury the Multifamily Housing Preservation Fund. Authorizes FY 1986 and 1987 appropriations.

A bill to amend the Internal Revenue Code of 1954 with respect to deductions for the payment of certain expenses by members of the uniformed services who receive housing allowances.

United States · United States Congress · 17 October 1985

Amends the Internal Revenue Code to allow the deduction for payment of expenses relating to income received as a basic allowance for quarters, variable housing allowance, or station housing allowance by members of the uniformed services.

Residential Rental Unit Conversion Moratorium and Tenants Assistance Act

United States · United States Congress · 10 October 1985

Residential Rental Unit Conversion Moratorium and Tenants Assistance Act - Prohibits for three years the use of federally related loans or Federal assistance for conversions of residential rental units to residential sales units. Exempts specified tenant organization conversions. Makes it illegal to assist in the conversion or sale of such units. Sets forth penalties. Authorizes the Secretary of Housing and Urban Development to make grants to local governmental units for persons adversely affected by such conversions. Directs the Secretary to establish a Commission on the Conversion of Residential Rental Units. Requires the Commission to study the problem of residential conversions and report to the Congress within 13 months. Authorizes FY 1986 through 1988 appropriations.

Housing for the Chronically Mentally Ill Act of 1985

United States · United States Congress · 8 October 1985

Housing for the Chronically Mentally Ill Act of 1985 - Amends the Housing and Community Development Act of 1974 to permit State mental health authorities, or other private nonprofit or public agencies designated by a State, to use vacant residential property to provide supervised living for the chronically mentally ill. Authorizes appropriations for FY 1986 and for each fiscal year thereafter. Amends the Housing Act of 1959 to set aside specified amounts beginning in FY 1986 for handicapped family housing loans. Amends the United States Housing Act of 1937 to authorize a housing voucher program for the chronically mentally ill. Authorizes FY 1986 through 1988 appropriations.

Emergency Mortgage Foreclosure Avoidance Act of 1985

United States · United States Congress · 24 September 1985

Emergency Mortgage Foreclosure Avoidance Act of 1985 - Amends the National Housing Act to require (current law authorizes) the Secretary of Housing and Urban Development to provide temporary mortgage assistance payments to eligible mortgagor-homeowners. Requires notice and a waiting period before a mortgagee may accelerate, foreclose, or take any legal action on a mortgage. Requires (current law authorizes) the Secretary to acquire a mortgage in order to avoid foreclosure, and to assist the mortgagor after such acquisition.

A joint resolution to provide for the temporary extension of certain programs relating to housing and community development, and for other purposes.

United States · United States Congress · 19 September 1985

Amends the National Housing Act to extend certain Federal Housing Administration mortgage insurance and assistance programs. Amends the Housing Act of 1964 to extend the authority of the Secretary of Housing and Urban Development to make rehabilitation loans. Amends the Housing Act of 1949 to extend: (1) certain Farmers Home Administration mortgage insurance programs and the eligibility of certain rural areas to participate in such programs; and (2) mutual and self-help housing programs. Amends the National Flood Insurance Act of 1968 to extend the national flood insurance program. Amends the National Housing Act to extend the national crime insurance program. Amends the Housing and Community Development Act of 1974 to extend the entitlement eligibility of certain cities and urban counties under the Community Development Block Grant Program. Amends the Housing and Urban-Rural Recovery Act of 1983 to extend the limitation on the maximum interest rate on loans by the Secretary for housing and related facilities for elderly or handicapped families. Extends the Home Mortgage Disclosure Act.

A joint resolution to designate the week of October 6, 1985 through October 13, 1985 as "National Housing Week".

United States · United States Congress · 12 September 1985

Designates the week of October 6 through October 13, 1985, as National Housing Week.

Emergency Home Foreclosure Relief Act of 1985

United States · United States Congress · 12 September 1985

Emergency Home Foreclosure Relief Act of 1985 - Requires the implementation of a home credit emergency plan in each State or home credit region in which the Secretary of Housing and Urban Development determines a home credit emergency exists (based upon home loan delinquencies and unemployment). Includes within such plan provisions for: (1) temporary moratoriums on home loan foreclosures; and (2) home credit emergency mediation boards which shall attempt to arrange creditor-home owner agreements. Requires the chief executive of any State where an emergency is declared to submit an emergency plan to the Secretary for approval. Directs the Secretary to devise a standard plan to replace disapproved State plans. Requires the States to implement approved or standard plans. Authorizes the Secretary to provide repayment guarantees or direct assistance to specified debtors. Sets forth eligibility criteria. States that the filing by a debtor of a petition for assistance under this Act shall act as a stay against foreclosure until: (1) a creditor-debtor agreement is reached; (2) the Secretary denies a petition for repayment guarantees or direct assistance; or (3) the period of such assistance payments expires. Authorizes appropriations.

A bill to prevent the implementation of Revenue Ruling 83-3 and other similar considerations affecting the housing allowances of the military and clergy.

United States · United States Congress · 1 August 1985

Permits members of the clergy and members of the uniformed services to deduct expenses related to tax-exempt housing allowances and subsistence allowances without regard to the operation of Revenue Ruling 83-3.

A bill to amend the United States Housing Act of 1937 to encourage resident management and ownership of public housing.

United States · United States Congress · 1 August 1985

Amends the United States Housing Act of 1937 to prohibit the Secretary of Housing and Urban Development from contracting with a public housing agency unless the Secretary finds that such agency is making all reasonable efforts to encourage resident management of such federally-assisted housing project. Requires as a condition of entering into a resident management program that a majority of the project's residents approve the establishment of a resident's council to determine the feasibility of establishing a resident management corporation. Requires such residents council and the public housing agency to jointly select a management specialist to help establish a resident management corporation. Requires the corporation to provide insurance and bonding. Authorizes such a corporation to contract with the public housing agency to establish respective management responsibilities. Authorizes the Secretary to develop an appropriate model contract. Authorizes the Secretary to publish a list of those Federal requirements which may be waived by such a corporation. Prohibits Federal subsidy reductions during the first three years of resident management. Permits a corporation to retain and use excess revenues to: (1) improve maintenance and operation; (2) acquire ownership; and (3) acquire additional housing units. Requires that such projects be given assistance allocation priority.

A bill to direct the Administrator of General Services to renovate the public building at 425 Second Street, N.W. in the District of Columbia for use as a homeless shelter.

United States · United States Congress · 24 July 1985

Directs the Administrator of General Services to renovate the public building at 425 Second Street, N.W., in the District of Columbia to make such facility a model physical shelter for the homeless. States that necessary funding shall be provided from the contingency fund of the General Services Administration.

Homeless Housing Assistance Act of 1985

United States · United States Congress · 24 July 1985

Title I: General Provisions - Homeless Housing Assistance Act of 1985 - Defines specified terms for purposes of this Act. Title II: Emergency Food and Shelter Program - Requires the Director of the Federal Emergency Management Agency (FEMA), as soon as practicable after September 30, 1985, to constitute an emergency food and shelter program national board of volunteer agencies. Directs the Secretary of Housing and Urban Development to constitute a similar board by March 30, 1986. Transfers, as of such date, the personnel, property, records, and undistributed program funds of the FEMA board to such board. States that such boards shall distribute program funds to localities (which shall constitute local boards) with the greatest need for emergency food and housing assistance. Requires the local board to submit to the national board an annual local homeless housing assistance plan. Limits administrative costs to not more than three percent of appropriations. Authorizes FY 1986 through 1988 appropriations. Title III: Transition to Independence Demonstration Project - Directs the Secretary to make grants for demonstration projects to assist the homeless in the transition to independent living. Limits Federal participation to up to 75 percent of project costs. Requires interim and final reports to the Congress. Authorizes FY 1986 through 1988 appropriations.

A joint resolution to designate the week of October 6, 1985, through October 13, 1985 as "National Housing Week".

United States · United States Congress · 24 July 1985

Designates the week of October 6 through October 13, 1985, as National Housing Week.

A resolution waiving certain points of order against consideration of the bill (H.R. 3038) making appropriations for the Department of Housing and Urban Development, and for sundry independent agencies, boards, commissions, corporations, and offices for the fiscal year ending September 30, 1986, and for other purposes.

United States · United States Congress · 23 July 1985

Waives points of order against the consideration of H.R. 3038 (appropriations).

Department of Housing and Urban Development-Independent Agencies Appropriation Act, 1986

United States · United States Congress · 18 July 1985

Department of Housing and Urban Development - Independent Agencies Appropriation Act, 1986 - Title I: Department of Housing and Urban Development - Makes appropriations to the Department of Housing and Urban Development (HUD) for FY 1986 for: (1) housing programs, including congregate services, low-income housing projects, housing counseling assistance, operating subsidies for troubled multifamily housing projects, and payments to cover losses of the Special Risk Insurance Fund and the General Insurance Fund; (2) the Solar Energy and Energy Construction Bank for assistance for solar and conservation improvements; (3) community development grants, urban development action grants, and the urban homesteading program; (4) policy development and research; (5) fair housing assistance; and (6) salaries and expenses. Increases the contract and budget authority for annual contributions for assisted housing. Earmarks specified amounts of such budget authority for: (1) financing public housing for Indian families; (2) public housing new construction or acquisition with or without rehabilitation other than for low-income housing for Indian families; (3) modernization of existing public housing projects; (4) assistance for projects for the elderly or handicapped; and (5) assistance under the existing low-income rental housing assistance program, the rental rehabilitation program, development grants, and the housing voucher program. Provides that all amounts of such budget authority recaptured during FY 1986 shall be rescinded. Amends the United States Housing Act of 1937 regarding prototype costs for public housing. Rescinds a specified amount of FY 1986 contract authority for rental housing assistance. Limits new loan guarantee commitments by the Government National Mortgage Association. Authorizes a specified amount for loans in FY 1986 to qualified nonprofit sponsors for the development of housing for the elderly or handicapped. Limits the maximum interest rate on such loans to nine and one-quarter percent. Authorizes gross obligations for direct loans under the National Housing Act during FY 1986. Limits the additional commitments to guarantee loans, the gross obligations for the principal amounts of direct loans, and the amount of loan guarantee commitments on the mortgage-backed securities programs under such Act for FY 1986. Authorizes the use of amounts in the rehabilitation loan fund for loans, operating costs, and the capitalization of delinquent interest during FY 1986. Title II: Independent Agencies - Makes appropriations for FY 1986 to the: (1) American Battle Monuments Commission for salaries and expenses; (2) Consumer Product Safety Commission for salaries and expenses; (3) Department of Defense-Civil for Army cemetery expenses; (4) Environmental Protection Agency (EPA) for salaries and expenses, research and development, abatement, control, and compliance activities, and buildings and facilities; (5) Executive Office of the President for the Council on Environmental Quality, the Office of Environmental Quality, and the Office of Science and Technology Policy; (6) Federal Emergency Management Agency (FEMA) for disaster relief, salaries and expenses, emergency management planning and assistance, the National Flood Insurance Fund, and the emergency food and shelter program; (7) General Services Administration for the Consumer Information Center; (8) Department of Health and Human Services for the Office of Consumer Affairs; (9) National Aeronautics and Space Administration (NASA) for research and development, space flight, control, and data communications, the construction of facilities, and research and program management; (10) National Science Foundation (NSF) for research and the acquisition of an aircraft, the U.S. Antarctic Program, scientific education, and overseas scientific activities (special foreign currency program); (11) Neighborhood Reinvestment Corporation; (12) Selective Service System for salaries and expenses; (13) Department of the Treasury for the Local Government Fiscal Assistance Trust Fund and the Office of Revenue Sharing; and (14) Veterans Administration (VA) for compensation and pensions, readjustment benefits, veterans insurance and indemnities, medical care, medical and prosthetic research, medical administration and miscellaneous expenses, general operating expenses, construction of major and minor projects, grants for the, construction of State extended care facilities and veterans cemeteries, grants to the Republic of the Philippines for assisting in rehabilitating the Veterans Memorial Medical Center, and the loan guaranty revolving fund. Limits the obligations of the Central Liquidity Facility of the National Credit Union Administration for new loans for member credit unions and the amount of its administrative expenses for FY 1986. Prohibits the expenditure of EPA appropriations for Resource Conservation and Recovery Panels. Provides that a specified portion of the funds appropriated to the EPA for research and development shall be available only for a full scale demonstration of limestone injection multistage burner (LIMB) technology in a tangentially fired boiler on an equal cost sharing basis with the electric power industry. Requires that the funds appropriated for grants and loans for school asbestos abatement must be obligated only for projects conducted by contractors who are State-certified or employees who have completed an EPA-approved training program. Limits the amount available for headquarters management and administration activities of the Federal Emergency Management Agency (FEMA). Requires the Director of FEMA to establish a national board to determine how emergency food and shelter appropriations are to be distributed to individual localities. Directs the Commodity Credit Corporation to process and distribute surplus food purchased under the food distribution and emergency shelter program in cooperation with FEMA. Limits the amount available for expenditure from the Consumer Information Fund. Prohibits the use of NASA appropriations for leasing or constructing a contractor-funded facility when NASA would be required to amortize the contractor's investment, unless specifically authorized in an appropriation Act or approved by the House and Senate Committees on Appropriations. Limits the amount of National Science Foundation appropriations available for the very long baseline array. Authorizes NSF to indemnify grantees, contractors, and subcontractors associated with the ocean drilling program. Prohibits the use of funds appropriated to the U.S. Antarctic program for the purchase of aircraft. Prohibits the expenditure of any funds appropriated to the Selective Service for the induction of any person into the armed forces. Prohibits the use of VA appropriations for major construction projects that have not been approved by Congress, except for the advance planning of projects funded through the advance planning fund and the design of projects funded through the Design Fund. Prohibits the obligation of funds from any other account for a project which was approved in the budget process and funded under the VA account for major construction projects until one year after substantial completion and beneficial occupancy by the VA. Authorizes obligations on the part of the Loan Guaranty Revolving Fund and the Direct Loan Revolving Fund of the VA. Permits, in specified circumstances, the transfer of funds appropriated to the VA. Prohibits the use of appropriations for purchasing any site for, or constructing, any new hospital or home. Requires reimbursement if any persons, other than eligible beneficiaries, are hospitalized or examined at veterans facilities. Title III: Corporations - Authorizes certain corporations and agencies of HUD and the Federal Home Loan Bank Board to make commitments without regard to fiscal year limitations, with specified exceptions. Limits, with specified exceptions, new loan or mortgage purchase commitments to the extent expressly provided in this Act. Makes appropriations for FY 1986 to the Federal Home Loan Bank Board and the Federal Savings and Loan Insurance Corporation (FSLIC) for administrative expenses. Sets specified limitations on such expenses. Title IV: General Provisions - Limits travel expenditures for the agencies listed in this Act to the amounts set forth in the budget estimate, with specified exceptions. Permits the use of HUD and Selective Service System appropriations for: (1) uniforms; (2) the hire of passenger vehicles; and (3) the employment of experts and consultants. Allows the use of HUD funds to pay for legal services and facilities provided by specified agencies. Prohibits, with specified exceptions, the use of appropriated funds: (1) beyond the current fiscal year; (2) without a voucher describing the payees and services or specific statutory authorization; (3) for transportation between the domicile and place of employment of any officer or employee; (4) for payments to recipients that do not share in the cost of conducting research not specifically solicited by the Government; (5) for consultants paid in excess of the GS-18 rate; and (6) for compensation of non-Federal parties intervening in regulatory or adjudicatory proceedings. Prohibits the use of funds appropriated for personnel compensation and benefits for other object classifications in the budget estimates. Limits expenditures for consulting services to contracts which are a matter of public record and included in a publicly available list of: (1) contracts entered into within the past two years; and (2) contracts on which performance has not been completed. Prohibits any executive agency from expending appropriations under this Act for a contract for services unless the agency: (1) complies with the Office of Federal Procurement Policy Act; and (2) requires reports prepared pursuant to such contract to disclose information about the contract and the contractor. Prohibits the use of funds appropriated by this Act to: (1) administer any regulation which has been vetoed by Congress; (2) provide a personal cook, chauffeur, or other personal servant to any officer or employee of any agency or department; or (3) procure automobiles with an EPA estimated miles per gallon average of less than 22 miles per gallon.

A resolution expressing the sense of the House of Representatives that the Reagan administration should fulfill its promise to renovate the homeless shelter at 425 Second Street N.W., in the District of Columbia and find ways to resolve the growing problem of homeless persons in the United States.

United States · United States Congress · 11 July 1985

Expresses the sense of the House of Representatives that the Reagan administration should fulfill its promise to renovate the homeless facility at 425 Second Street N.W., in the District of Columbia, into the "model physical shelter" promised, and find ways to resolve the growing problem of homeless persons in the United States.

A bill to amend title 38, United States Code, for the purpose of establishing a discounted sales program of homes held by the Veterans' Administration for an extended period.

United States · United States Congress · 18 June 1985

Authorizes the Administrator of Veterans Affairs to establish a program for the discounted sale of real property, manufactured homes, and lots to which a manufactured home is affixed which have been acquired by foreclosure and held for an extended time by the Veterans' Administration. Limits such sales to veterans who have not previously purchased a dwelling unit and who are eligible for housing loan benefits. Allows such property to be sold at: (1) not less than 80 percent of the regular price for property offered for sale at least three months but less than seven months; (2) not less than 75 percent of the regular price of property offered for sale for at least seven months but less than a year; and (3) not less than 70 percent of the regular price for property offered for sale for at least one year.

A bill to amend the Housing and Community Development Act of 1974 to permit the consideration of certain counties in the State of Hawaii for assistance under the urban development action grant program.

United States · United States Congress · 18 June 1985

Amends the Housing and Community Development Act of 1974 to make specified counties in Hawaii eligible for urban development action grants.

Lee L. Verstandig, of the District of Columbia, to be Under Secretary of Housing and Urban Development, vice Philip Abrams, resigned.

United States · United States Senate · 31 May 1985

Rural Housing Escrow Procedures Act

United States · United States Congress · 22 May 1985

Rural Housing Escrow Procedures Act - Amends the Housing Act of 1949 to require the Farmers Home Administration to establish within 60 days escrow procedures that require borrowers to make periodic property tax and related payments.

Public Housing Comprehensive Grant Act

United States · United States Congress · 20 May 1985

Public Housing Comprehensive Grant Act - Amends the United States Housing Act of 1937 to authorize a public housing agency to use any amounts made available from contributions by the Secretary of Housing and Urban Development (the Secretary). Authorizes appropriations for FY 1987 and 1988. Authorizes the Secretary to make financial assistance available to public housing agencies. Directs the Secretary to determine from appropriated annual amounts the amount necessary to fund the annual accrual of capital improvement needs of public housing agencies and to allocate such sums to each public housing agency based on specified formulae reflecting capital improvement needs. Requires the Secretary to approve a five-year comprehensive plan submitted by a public housing agency before financial assistance may be made available under this Act (except where conditions constitute an immediate threat to the health or safety of tenants. Details the requirements of such a comprehensive plan and the basis upon which it will be disapproved. Requires the Secretary to notify the public housing agency in writing if the plan is not approved, indicating the reasons for disapproval and the modifications required to make the plan approvable. Permits a smaller public housing agency (including an Indian housing agency) to apply for grants for projects which cannot be funded with other available resources. Requires the Secretary to give preference to public housing agencies which: (1) have conditions constituting an immediate threat to the health or safety of tenants; (2) have the most severe need for improvements and replacements; and (3) have a demonstrated capability of implementing the work proposed in the agency's application for assistance. Limits the purposes for which a public housing agency may use financial aid received under this Act. Requires a public housing agency which receives assistance to submit to the Secretary: (1) an annual statement of activities and expenditures projected to be funded by such assistance during the immediately following fiscal year of the public housing agency; and (2) a performance and evaluation report regarding the agency's activities. Requires the Secretary to review on at least an annual basis the activities of recipient agencies (including their capacities for implementing their comprehensive plans and their progress in satisfying performance standards prescribed by the Secretary). Prohibits the Secretary from providing financial assistance for FY 1987 unless the Secretary has determined that the public housing agency has made reasonable progress in implementing certain modernization projects. Authorizes the Secretary to withhold assistance or require a public housing agency to take corrective action in accordance with the Secretary's review. Requires that audit examinations be made of recipients. Requires the Secretary to prescribe by regulation: (1) the formula for determining the annual accrual of capital improvement needs of certain public housing agencies; (2) the formula for allocating assistance among larger public housing agencies; (3) criteria for determining whether proposed improvements will reasonably assure the long-term viability of a project; and (4) the performance standards to be applied in the Secretary's reviews and audits.

A bill to amend section 119(d) of the Housing and Community Development Act of 1974.

United States · United States Congress · 14 May 1985

Amends the Housing and Community Development Act of 1974 regarding urban development action grant criteria to include the following: (1) the production of goods or services from the applicant's local economy; (2) job retention and retraining; and (3) project location. Prohibits the Secretary of Housing and Urban Development from awarding such a grant unless: (1) the project will have a substantial physical development and fiscal impact; (2) the project is likely to be accomplished in a timely fashion; and (3) the city or urban area has demonstrated performance in housing and community development programs. Provides for the use of repaid grant funds. Requires an applicant to provide the Secretary with an annual statement of the projected receipt and use of repaid grant funds and an audited report of any previous fund use. Requires a report to the Congress by March 15, 1986.

A bill to amend the Housing and Community Development Act of 1974 to improve the criteria used to select projects for grants under the urban development action grant program, and for other purposes.

United States · United States Congress · 13 May 1985

Amends the Housing and Community Development Act of 1974 regarding urban development action grant criteria to include the following: (1) the production of goods or services from the applicant's local economy; (2) job retention and retraining; and (3) project location. Prohibits the Secretary of Housing and Urban Development from awarding such a grant unless: (1) the project will have a substantial physical development and fiscal impact; (2) the project is likely to be accomplished in a timely fashion; and (3) the city or urban area has demonstrated performance in housing and community development programs. Provides for the use of repaid grant funds. Requires an applicant to provide the Secretary with an annual statement of the projected receipt and use of repaid grant funds and an audited report of any previous fund use. Requires a report to the Congress by March 15, 1986.

A bill to amend the Internal Revenue Code of 1954 to provide for the establishment of, and the deduction of contributions to, housing savings accounts.

United States · United States Congress · 8 May 1985

Amends the Internal Revenue Code to allow individual taxpayers who have attained the age of 18 an income tax deduction for contributions (cash or readily tradeable securities) to a savings account established for the exclusive purpose of financing the taxpayer's first principal residence. Limits the aggregate amount allowable as a deduction under this Act to any individual for any taxable year to 15 percent of such individual's adjusted gross income. Provides that the amount allowable as a deduction to all taxpayers for amounts paid or transferred to a house savings account may not exceed $1,500 ($3,000 for accounts of married couples). Provides for a $15,000 maximum lifetime deduction ($30,000 for joint returns), with annual inflation adjustments. Limits to ten years the period during which deductible contributions may be made to housing savings accounts. Prohibits any individual from being a beneficiary of more than one account. Excludes distributions from a housing savings account from the gross income of its beneficiary if such distributions are used exclusively for the purchase of a principal residence. Exempts a housing savings account from taxation. Provides for the forfeiture of such exemption where the taxpayer uses the account for certain prohibited purposes. Imposes a penalty on distributions from an account which are used for a prohibited purpose. Requires the trustee of a housing savings account to file a report on the maintenance of the account. Imposes a penalty for the failure to file any required report.

Public Housing Comprehensive Grant Act

United States · United States Congress · 8 May 1985

Public Housing Comprehensive Grant Act - Amends the United States Housing Act of 1937 to authorize a public housing agency to use any amounts made available from contributions by the Secretary of Housing and Urban Development (the Secretary). Authorizes appropriations for FY 1987 and 1988. Authorizes the Secretary to make financial assistance available to public housing agencies. Directs the Secretary to determine from appropriated annual amounts the amount necessary to fund the annual accrual of capital improvement needs of public housing agencies and to allocate such sums to each public housing agency based on specified formulae reflecting capital improvement needs. Requires the Secretary to approve a five-year comprehensive plan submitted by a public housing agency before financial assistance may be made available under this Act (except where conditions constitute an immediate threat to the health or safety of tenants). Details the requirements of such a comprehensive plan and the basis upon which it will be disapproved. Requires the Secretary to notify the public housing agency in writing if the plan is not approved, indicating the reasons for disapproval and the modifications required to make the plan approvable. Permits a smaller public housing agency (including an Indian housing agency) to apply for grants for projects which cannot be funded with other available resources. Requires the Secretary to give preference to public housing agencies which: (1) have conditions constituting an immediate threat to the health or safety of tenants; (2) have the most severe need for improvements and replacements; and (3) have a demonstrated capability of implementing the work proposed in the agency's application for assistance. Limits the purposes for which a public housing agency may use financial aid. Requires a public housing agency which receives assistance to submit to the Secretary: (1) an annual statement of activities and expenditures projected to be funded by such assistance during the immediately following fiscal year of the public housing agency; and (2) a performance and evaluation report regarding the agency's activities. Requires the Secretary to review on at least an annual basis the activities of recipient agencies (including their capacities for implementing their comprehensive plans and their progress in satisfying performance standards prescribed by the Secretary). Prohibits the Secretary from providing financial assistance for FY 1987 unless the Secretary has determined that the public housing agency has made reasonable progress in implementing certain modernization projects. Authorizes the Secretary to withhold assistance or require a public housing agency to take corrective action in accordance with the Secretary's review. Requires that audit examinations be made of recipients. Requires the Secretary to prescribe by regulation: (1) the formula for determining the annual accrual of capital improvement needs of certain public housing agencies; (2) the formula for allocating assistance among larger public housing agencies; (3) criteria for determining whether proposed improvements will reasonably assure the long-term viability of a project; and (4) the performance standards to be applied in the Secretary's reviews and audits.

Veterans' Housing and Memorial Affairs Amendments of 1985

United States · United States Congress · 2 May 1985

Veterans' Housing and Memorial Affairs Amendments of 1985 - Directs the Administrator of Veterans Affairs to report to the Congress a plan to expand the national cemetery system in at least ten areas with the greatest need. Directs the Administrator to consider acquiring existing State cemeteries to meet such need. Gives contingent dates for the submission of the first such report. Amends provisions concerning national cemeteries and memorials to require that each grave marker in a national cemetery be upright. Provides an exception for individuals requesting flat markers. Requires the Administrator, no later than January 1, 1986, to designate for each cemetery in the National Cemetery System a section for graves with upright markers and a section for graves with flat markers. Directs the Administrator to establish a national cemetery in Merced County, California, on land which is donated by the Romero Ranch Company. Authorizes the Administrator to assist certain disabled veterans in acquiring a residence already adapted with special features deemed necessary due to the veteran's disability. Expresses the sense of the Congress that the one-percent loan origination fee charged by the Veterans Administration (VA) to veterans obtaining a home loan guaranteed by the VA should not be increased. Directs the President to request additional appropriations if he finds that additional funding for the VA home loan guarantee program is required.

Home Equity Conversion Mortgage Insurance Act

United States · United States Congress · 30 April 1985

Home Equity Conversion Mortgage Insurance Act - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to insure a home equity conversion mortgage and to make commitments for the insurance of such mortgages prior to the date of their execution or disbursement if such mortgages: (1) may improve the financial situation or otherwise meet the needs of elderly homeowners; (2) can be developed to include safeguards for mortgagors to offset the special risks of such mortgages; and (3) have a potential for acceptance in the private market. Includes among eligibility requirements for such insurance requirements that the mortgage shall: (1) have been made and held by a mortgage approved by the Secretary; (2) have been executed by an elderly homeowner; and (3) be secured by a one-family residential dwelling occupied by the mortgagor. Provides that each mortgagee of a mortgage insured under this Act shall be required to give the homeowner, at the time of a loan application, a written explanation of the features of the home equity conversion mortgage. Prohibits the Secretary from insuring a mortgage pursuant to this Act after September 30, 1988. Sets the total number of mortgages which may be insured under this Act at 1,000. Permits the Secretary to take any action necessary to provide a mortgagor with funds due pursuant to an insured mortgage or ancillary contract which have not been paid by the party responsible and to obtain reimbursement of such payments from any source. Requires the Secretary to evaluate and report to the Congress by March 1, 1988, on the program authorized under this Act.

A bill to amend the Federal Deposit Insurance Act and the National Housing Act with respect to junk bonds.

United States · United States Congress · 26 April 1985

Amends the Federal Deposit Insurance Act and the National Housing Act to prohibit any federally insured depository institution from investing in debt securities not rated in one of the four highest rating categories by a nationally recognized statistical rating organization.

Housing Counseling for the Mentally Ill Act of 1985

United States · United States Congress · 25 April 1985

Housing Counseling for the Mentally Ill Act of 1985 - Authorizes States and local governments to use specified community development and alcohol, drug abuse, and mental health services block grant funds to provide housing counseling and periodic evaluations for individuals released from residential facilities for the mentally ill. Requires periodic reports on the use of such funds.

Jesse Gray Housing Act

United States · United States Congress · 25 April 1985

Jesse Gray Housing Act - Title I: Housing Provisions - Amends the United States Housing Act of 1937 to direct the Secretary of Housing and Urban Development to carry out a program for the construction of 500,000 new dwelling units in public housing during each of FY 1987 through 1996. Directs the Secretary to: (1) make grants to public housing agencies; and (2) enter into contracts with public housing agencies for annual contributions. Limits the aggregate amount of budget authority obligated under such contracts entered into in any fiscal year. Provides a formula for the determination of the applicable amounts of such grants and contributions for FY 1987 through 1995 based on the consumer price index. Authorizes appropriations for FY 1987 through 1996. Requires the Secretary to make available financial assistance for public housing projects, especially projects that the Secretary determines would likely have been subject to demolition or other disposition. Increases the aggregate amount of budget authority permitted for contracts for annual contributions by the amount necessary for the revitalization of 100,000 public housing units in each of FY 1987 through 1996. Prohibits the Secretary from approving an application by a public housing agency for permission to demolish or dispose of all or part of a public housing project. (Currently, such approval is permitted if the Secretary makes certain determinations.) Requires each public housing agency to carry out a program of job training and employment of unemployed individuals residing in the vicinity of public housing projects in connection with any construction and revitalization of public housing. Directs each such program to give preference to such individuals who reside in public housing. Gives percentage guidelines of employment positions and job training positions for such individuals. Reduces lower income rent contribution amounts under the National Housing Act, the United States Housing Act of 1937, the Housing Act of 1949, the Housing and Urban Development Act of 1965, and the Housing and Urban-Rural Recovery Act of 1983. Excludes welfare or social security cost-of-living adjustments from such adjusted income determinations. Directs the Secretary to submit to the Congress a comprehensive report concerning proposed limitations on Federal housing assistance to ensure that Federal housing assistance funds benefit only lower income families. Title II: Tax Imposed on Employers of Ten or More Employees - Amends the Internal Revenue Code to impose a wage-based excise tax on employers of ten or more employees. Establishes the National Housing Trust Fund in the Treasury to be used for grants and annual contributions for the construction of public housing. Directs the Secretary of the Treasury to deposit into the Fund an amount equal to the taxes received as a result of such excise tax.

A bill to amend title I of the Housing and Community Development Act of 1974.

United States · United States Congress · 23 April 1985

Amends Title I of the Housing and Community Development Act of 1974 to provide that, for community development block grant program purposes, any city classified as a metropolitan area central city as of FY 1983 shall retain such classification at least through the next census.

Public Housing Child Care Services Act of 1985

United States · United States Congress · 23 April 1985

Public Housing Child Care Services Act of 1985 - Requires the Secretary of Housing and Urban Development to provide grants to public housing authorities to assist them in providing child care services for lower income families. Requires a program report to the Congress within three years. Authorizes FY 1986 through 1988 appropriations.

An original resolution authorizing expenditures by the Committee on Banking, Housing and Urban Affairs.

United States · United States Congress · 18 April 1985

Authorizes the Senate Committee on Banking, Housing, and Urban Affairs, from March 1, 1985, through February 28, 1986, to: (1) make expenditures from the contingent fund; (2) employ personnel; (3) utilize, on a reimbursable basis, the services of department or agency personnel; (4) procure consultant services; and (5) provide for the training of its professional staff.

Veterans' Housing Benefits Amendments of 1985

United States · United States Congress · 18 April 1985

Veterans' Housing Benefits Amendments of 1985 - Authorizes the Administrator of Veterans Affairs to provide mortgage assistance to veterans with loans guaranteed by the Veterans Administration in order to avoid foreclosure of such loans. Provides that such assistance shall be in the form of a loan to the veteran not to exceed $8,400. Provides that such assistance may be provided only if: (1) the dwelling that secures the primary loan is the current residence of the veteran; (2) the veteran is at least six months delinquent in payments on the primary loan; (3) the veteran is unemployed or has had a substantial reduction in household income through no fault of the veteran; and (4) the Administrator determines that there is a reasonable prospect that the veteran will resume payment on the primary loan within six months after receiving such assistance.

Veterans' Housing Amendments Act of 1985

United States · United States Congress · 18 April 1985

Veterans' Housing Amendments Act of 1985 - Repeals the provisions relating to setting the interest rate on guaranteed or insured housing loans to veterans and provides that such interest rates should be negotiated between the veterans and the lender, provided the interest rates remains constant for the life of the loan. Increases to one-half of five percent of the total loan amount for Veterans Administration loan fee. Permits in the alternative a fee of one percent of the total loan amount if certain conditions are satisfied. Authorizes direct appropriations to the Loan Guarantee Revolving Fund. Repeals the provisions relating to inspecting manufactured homes purchased by veterans, and deems as meeting required standards any manufactured housing unit displaying a certificate of conformance to Federal manufactured home construction and safety standards.

Homeownership Opportunity Act of 1985

United States · United States Congress · 18 April 1985

Homeownership Opportunity Act of 1985 - Authorizes the Secretary of Housing and Urban Development to provide loans to very low-income families to permit such families to purchase single-family homes owned by the Department of Housing and Urban Development. Limits program participation to first-time owners. Limits home purchase amounts. Requires a downpayment of the lesser of $500 or two-percent. Requires the Secretary to provide interest and non-interest bearing loans as provided for by this Act. Establishes the Homeownership Opportunity Fund in the Treasury. Authorizes appropriations.

National Nehemiah Housing Opportunity Act

United States · United States Congress · 4 April 1985

National Nehemiah Housing Opportunity Act - Authorizes the Secretary of Housing and Urban Development to provide grants to nonprofit organizations to: (1) carry out a Nehemiah housing opportunity program of construction or substantial rehabilitation of homes; and (2) provide interest-free loans to lower-income families for the purchase of such homes. Limits Federal assistance to $15,000 per home. Sets forth assistance and eligibility provisions. Establishes in the Treasury the Nehemiah Housing Opportunity Fund. Directs the Secretary to report annually to the Congress. Authorizes FY 1986 appropriations.

A bill to amend section 119 of the Housing and Community Development Act of 1974 to modify the selection criteria for urban development action grants.

United States · United States Congress · 3 April 1985

Amends the Housing and Community Development Act of 1974 regarding urban development action grant criteria to establish the following selection criteria: (1) the ratio of private investment dollars to grant funds (at least three to one); (2) the ratio of permanent jobs to be created to the amount of grant funds; (3) the proportion of such jobs likely to go to unemployed and poor people and minorities; (4) the project's impact on local revenues; and (5) other appropriate economic benefits.

A bill to amend the Federal Deposit Insurance Act, the National Housing Act, and the Federal Credit Union Act to restrict the manner in which federally insured depository institutions may increase fees on individual retirement accounts.

United States · United States Congress · 3 April 1985

Amends the Internal Revenue Code to prohibit any increase in a fee amount contained in the fee schedule included in the governing instrument of an individual retirement account, or any imposition of a fee not declared in such instrument, from taking effect before the end of a 90-day period beginning on the later of: (1) the date on which the individual for whom the account is maintained is notified; or (2) the earliest date on which such individual may withdraw the balance of the account without incurring any institutional penalty for early withdrawal. Amends the Federal Deposit Insurance Act, the National Housing Act, and the Federal Credit Union Act to require each federally-insured bank, savings and loan association, and credit union, respectively, to comply with such requirement.