S.Amdt. 4387

SA 4387. Mr. REED submitted an amendment intended to be proposed by
him to the bill H.R. 6644, a bill to increase the supply of housing in
America, and for other purposes; which was ordered to lie on the table;
as follows:

At the appropriate place, insert the following:

SEC. ___. TRANSFER OF ICE APPROPRIATIONS TO HOUSING PROGRAMS.

(a) In General.--Effective on the date of enactment of this
Act, of the unobligated balances of amounts made available
under sections 90003 and 100052 of Public Law 119-21 (139
Stat. 358, 387) (commonly known as the ``One Big Beautiful
Bill Act'')--
(1) 50 percent shall be transferred to the Housing Trust
Fund established under section 1338(a) of the Federal Housing
Enterprises Financial Safety and Soundness Act of 1992 (12
U.S.C. 4568(a));
(2) 25 percent shall be transferred to the Capital Magnet
Fund established under section 1339(a) of the Federal Housing
Enterprises Financial Safety and Soundness Act of 1992 (12
U.S.C. 4569(a)); and
(3) 25 percent shall be transferred to the Secretary of
Housing and Urban Development to carry out the HOME
Investment Partnerships program under subtitle A of title II
of the Cranston-Gonzalez National Affordable Housing Act (42
U.S.C. 12741 et seq.).
(b) Use and Availability of Funds.--Amounts transferred
under paragraph (1), (2), or (3) of subsection (a) shall--
(1) be merged with other amounts in that fund or other
amounts made available for that program, as applicable;
(2) be subject to the same conditions and limitations as
the other amounts in that fund or other amounts made
available for that program, as applicable; and
(3) remain available until expended.
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