What it changes

1 change to S.Amdt. 5499 · shown in S.Amdt. 5499's text

Adds a section
  1. Adds SEC. 1064. STUDY AND REPORT ON BARRIERS TO HOME OWNERSHIP FOR MEMBERS OF THE ARMED FORCES at the end of subtitle F of title X

    Adds a section

    In S.Amdt. 5499 as proposed

    (2) in paragraph (3), by striking "180 days after" and inserting "one year after".

    Inserted: SEC. 1064. STUDY AND REPORT ON BARRIERS TO HOME OWNERSHIP FOR MEMBERS OF THE ARMED FORCES.

    Inserted: Not later than one year after the date of the enactment of this Act, the Secretary of Defense shall seek to enter into an agreement with a federally funded research and development center or nonprofit entity to conduct a study on the barriers to home ownership for members of the Armed Forces. At the conclusion of such study, the Secretary shall submit to the Committees on Armed Services of the Senate and the House of Representatives a report containing the following elements:

    Inserted: (1) Potential barriers to home ownership, including down payments, concerns about home maintenance, and challenges in selling a home.

    Inserted: (2) The percentage of members who use the basic allowance for housing under section 403 of title 37, United States Code, to pay for a mortgage, disaggregated by Armed Force, rank, and military housing area.

    Inserted: (3) Any identified differences in home ownership rates among members correlated with race or gender.

    Inserted: (4) What percentage of members own a home before they separate from the Armed Forces.

    Original wording

    At the end of subtitle F of title X, add the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed

SA 5638. Mr. WARNOCK (for himself, Mr. Blumenthal, Mr. Bennet, and Mr. Merkley) submitted an amendment intended to be proposed to amendment SA 5499 submitted by Mr. Reed (for himself and Mr. Inhofe) and intended to be proposed to the bill H.R. 7900, to authorize appropriations for fiscal year 2023 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes; which was ordered to lie on the table; as follows:

At the end of subtitle F of title X, add the following:

SEC. 1064. STUDY AND REPORT ON BARRIERS TO HOME OWNERSHIP FOR MEMBERS OF THE ARMED FORCES.

Not later than one year after the date of the enactment of this Act, the Secretary of Defense shall seek to enter into an agreement with a federally funded research and development center or nonprofit entity to conduct a study on the barriers to home ownership for members of the Armed Forces. At the conclusion of such study, the Secretary shall submit to the Committees on Armed Services of the Senate and the House of Representatives a report containing the following elements:

(1) Potential barriers to home ownership, including down payments, concerns about home maintenance, and challenges in selling a home.

(2) The percentage of members who use the basic allowance for housing under section 403 of title 37, United States Code, to pay for a mortgage, disaggregated by Armed Force, rank, and military housing area.

(3) Any identified differences in home ownership rates among members correlated with race or gender.

(4) What percentage of members own a home before they separate from the Armed Forces.

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Senate amendment submitted

September 22, 2022