113 HR 971 IH: Ensuring Proper Community Investments Act of 2013 U.S. House of Representatives 2013-03-05 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 113th CONGRESS 1st Session H. R. 971 IN THE HOUSE OF REPRESENTATIVES March 5, 2013 Mr. Paulsen (for himself and Mr. McHenry) introduced the following bill; which was referred to the Committee on Financial Services A BILL To prohibit the sale or trade to another community of community development block grant award amounts.

1.

Short title

This Act may be cited as the Ensuring Proper Community Investments Act of 2013.

2.

Prohibition on sale or trade of Community Development Block Grant awards

(a)

Prohibition

Section 105 of the Housing and Community Development Act of 1974 (42 U.S.C. 5305) is amended by adding at the end the following new subsection: (i)

Prohibition on sale or trade of awards

A metropolitan city, urban county, unit of general local government, or Indian tribe, or insular area that receives a grant of amounts under this title from the Secretary or through a State allocation pursuant to section 106(d) may not sell, trade, or otherwise transfer all or any portion of such amounts to or for any other metropolitan city, urban county, unit of general local government, Indian tribe or insular area. . (b)

Regulations

The Secretary of Housing and Urban Development shall issue any regulations necessary to carry out section 105(i) of the Housing and Community Development Act of 1974, as added by the amendment made by subsection (a) of this section, not later than the expiration of the 90-day period beginning on the date of the enactment of this Act.