118 HR 6864 RH: HUD Accountability Act of 2024 U.S. House of Representatives 2024-07-18 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.

IB Union Calendar No. 488 118th CONGRESS2d Session H. R. 6864 [Report No. 118–588] IN THE HOUSE OF REPRESENTATIVES December 19, 2023 Mr. Lawler introduced the following bill; which was referred to the Committee on Financial Services July 18, 2024 Additional sponsors: Mr. Rose, Ms. De La Cruz, Mr. Edwards, and Mr. Huizenga July 18, 2024 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed Strike out all after the enacting clause and insert the part printed in italic For text of introduced bill, see copy of bill as introduced on December 19, 2023 A BILL To amend the Department of Housing and Urban Development Act to require the Secretary of Housing and Urban Development to testify on an annual basis before the Congress.

1.

Short title

This Act may be cited as the HUD Accountability Act of 2024.

2.

Requirement to testify

Section 7 of the Department of Housing and Urban Development Act (42 U.S.C. 3535) is amended by adding at the end the following new subsection: (u)

Annual testimony

During the 5-year period beginning on the date of the enactment of this subsection, the Secretary shall appear before the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate at an annual hearing and present testimony regarding the operations of the Department during the preceding year, including regarding the following topics: (1)The progress made by the Federal Government in ending the affordable housing and homelessness crises. (2)The current programs and operations of the Department. (3)The physical condition of all public housing and other housing assisted by the Department. (4)The financial health of the mortgage insurance funds of the FHA. (5)Oversight by the Department of grantees and sub-grantees for purposes of preventing waste, fraud, and abuse. (6)The effects of the changes made in 2017 to the Federal income tax deduction for State and local taxes (known as the SALT deduction) on the cost of homeownership in the United States, except that this paragraph shall not apply at any time that such tax deduction is in effect in the same form and manner as immediately before such 2017 changes. (7)Other ongoing activities of the Department, as appropriate..

July 18, 2024 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed