S.Amdt. 2048

SA 2048. Mr. RUBIO submitted an amendment intended to be proposed by
him to the bill S. 2155, to promote economic growth, provide tailored
regulatory relief, and enhance consumer protections, and for other
purposes; which was ordered to lie on the table; as follows:

At the end of title V, add the following:

SEC. ___. GAO REPORT ON PUERTO RICO FORECLOSURES.

Not later than 1 year after the date of enactment of this
Act, the Comptroller General of the United States shall
submit to the Committee on Banking, Housing, and Urban
Affairs of the Senate and the Committee on Financial Services
of the House of Representatives a report on foreclosures in
the Commonwealth of Puerto Rico, including--
(1) the rate of foreclosures in the Commonwealth of Puerto
Rico before and after Hurricane Maria
(2) the rate of return for housing developers in the
Commonwealth of Puerto Rico before and after Hurricane Maria;
(3) the rate of delinquency in the Commonwealth of Puerto
Rico before and after Hurricane Maria;
(4) the rate of homeownership in the Commonwealth of Puerto
Rico before and after Hurricane Maria;
(5) the rate of defaults on federally insured mortgages in
the Commonwealth of Puerto Rico before and after Hurricane
Maria; and
(6) policy recommendations to address adverse impacts of
Hurricane Maria on the rates of foreclosure, delinquency,
homeownership, and default rates in the Commonwealth of
Puerto Rico.
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