S.Amdt. 4459

SA 4459. Mr. GREGG submitted an amendment intended to be proposed by him to the bill H.R. 3221, moving the United States toward greater energy independence and security, developing innovative new technologies, reducing carbon emissions, creating green jobs, protecting consumers, increasing clean renewable energy production, and modernizing our energy infrastructure, and to amend the Internal Revenue Code of 1986 to provide tax incentives for the production of renewable energy and energy conservation; which was ordered to lie on the table; as follows:

At the end of the bill, insert the following:

TITLE VIII--ENSURING ASSISTANCE IS NOT USED IN CONJUNCTION WITH EMINENT DOMAIN AUTHORITY

SEC. 801. LIMITATION ON USE OF FUNDS.

(a) Definition.--For purposes of this section, the term “housing assistance” means the following:

(1) Any amounts appropriated, authorized to be appropriated, or otherwise made available under this Act, or any amendment made by this Act.

(2) Any qualified mortgage bond issued by a State or political subdivision or any other entity or organization pursuant to section 143(k)(12) of the Internal Revenue Code, as added by section 602 of this Act.

(3) Any tax credit related to certain home purchases allowable under section 25E of the Internal Revenue Code of 1986, as added by section 603 of this Act.

(4) Any assistance, loan, loan guarantee, housing, housing assistance, or other housing related program administered, in whole or in part, by the Secretary of Housing and Urban Development, the Secretary of Veterans Affairs, or any other Federal agency.

(b) Limitation on Use of Assistance With Eminent Domain Authority.--Any State or local government entity that receives housing assistance shall be prohibited from using any such assistance or authority in conjunction with any project that involves, includes, or relies on the use of eminent domain by such State or local government or pursuant to a delegation of such authority by the same.

(c) Limitation on Changing the Nature of Property.--Any State or local government entity that receives housing assistance shall be prohibited from using any such assistance to change the nature of the residential property or rezone the property for commercial use.