S.Amdt. 113Senate113th Congress (2013-2015)2nd degree
S.Amdt. 113
Sponsored by
Sen. Robert Menendez (D-NJ)
Submitted March 14, 2013
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Senate amendment submitted
March 14, 2013
Text
Submitted
SA 113. Mr. MENENDEZ submitted an amendment intended to be proposed to amendment SA 26 proposed by Ms. Mikulski (for herself and Mr. Shelby) to the bill H.R. 933, making appropriations for the Department of Defense, the Department of Veterans Affairs, and other departments and agencies for the fiscal year ending September 30, 2013, and for other purposes; which was ordered to lie on the table; as follows: On page 580, between lines 4 and 5, insert the following: Sec. 1811. Section 255 of the National Housing Act (12 U.S.C. 1715z-20) is amended-- (1) in subsection (d)(8)-- (A) by inserting ``property maintenance,'' before ``insurance''; and (B) by inserting ``, including matters that set forth terms and provisions for establishing escrow accounts, performing financial assessments, or limiting the amount of any payment made available under the mortgage'' before the semicolon; and (2) in subsection (h)-- (A) in paragraph (1), by striking ``; and'' and inserting a semicolon; (B) in paragraph (2), by striking the period and inserting ``; and''; and (C) by adding at the end the following new paragraph: ``(3) by notice or mortgagee letter, establish any additional or alternative requirements that the Secretary, in his or her discretion, determines necessary to more effectively carry out the provisions of this section, and any such notice or mortgagee letter shall take effect upon issuance.''. ______