S.Amdt. 392

SA 392. Mrs. BOXER submitted an amendment intended to be proposed to
amendment SA 98 proposed by Mr. Inouye (for himself and Mr. Baucus) to
the bill H.R. 1, making supplemental appropriations for job
preservation and creation, infrastructure investment, energy efficiency
and science, assistance to the unemployed, and State and local fiscal
stabilization, for fiscal year ending September 30, 2009, and for other
purposes; which was ordered to lie on the table; as follows:

[[Page S1715]]

On page 250, line 24, after ``Urban Development'' insert
the following: ``and that priority shall be given to housing
disaster areas, which for purposes of this heading shall mean
areas having both a high rate of foreclosure during the last
12 months preceding the date of the enactment of this Act, as
measured by percentage or number of home mortgages in or
having gone through foreclosure during such period as
compared to other areas, and a substantial decline in home
prices during such 12-month period, as measured by the
Director of the Federal Housing Finance Agency (or the
Director of the Office of Federal Housing Enterprise and
Oversight) as compared to other areas: Provided further, That
not less than 25 percent of the amounts made available under
this heading be directed to housing disaster areas, as such
areas are described in the prior proviso''

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