S.Amdt. 1793
What it does: Adds Sec. ____. None of the funds appropriated or otherwise made available in this Act may be used the Federal Housing Administration, the Government National Mortgage Association, or the Department of Housing and Urban Development to insure, securitize, or guarantee-- wherever appropriate
Sen. John Boozman (R-AR)What it changes
1 change to S. 1243
Adds Sec. ____. None of the funds appropriated or otherwise made available in this Act may be used the Federal Housing Administration, the Government National Mortgage Association, or the Department of Housing and Urban Development to insure, securitize, or guarantee-- wherever appropriate
Adds a sectionInserted: Sec. ____. None of the funds appropriated or otherwise made available in this Act may be used the Federal Housing Administration, the Government National Mortgage Association, or the Department of Housing and Urban Development to insure, securitize, or guarantee--
Inserted: (1) any mortgage secured by a structure, dwelling unit, or other real property that secures a residential mortgage loan that a State, municipality, or other agency or political subdivision thereof, seized, took, or otherwise obtained by the exercise of the power of eminent domain; or
Inserted: (2) any mortgage-backed security collateralized by a mortgage or a pool of mortgages described under paragraph (1).
The amendment doesn't say where this goes; the clerk decides.
Original wording
At the appropriate place, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 1793. Mr. BOOZMAN submitted an amendment intended to be proposed by him to the bill S. 1243, making appropriations for the Departments of Transportation, and Housing and Urban Development, and related agencies for the fiscal year ending September 30, 2014, and for other purposes; which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
Sec. ____. None of the funds appropriated or otherwise made available in this Act may be used the Federal Housing Administration, the Government National Mortgage Association, or the Department of Housing and Urban Development to insure, securitize, or guarantee--
(1) any mortgage secured by a structure, dwelling unit, or other real property that secures a residential mortgage loan that a State, municipality, or other agency or political subdivision thereof, seized, took, or otherwise obtained by the exercise of the power of eminent domain; or
(2) any mortgage-backed security collateralized by a mortgage or a pool of mortgages described under paragraph (1).
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Senate amendment submitted
July 24, 2013