3.0.0 2339 2023-01-11T13:24:51Z 2023-01-11T13:24:51Z House H HR 2013-06-12 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. POLIS:H.R. 2339.Congress has the power to enact this legislation pursuantto the following:Article I, section 8, clause 1 (relating to the generalwelfare of the United States); and Article I, section 8,clause 3 (relating to the power to regulate interstatecommerce).[Page H3357]]]> hsif00 Energy and Commerce Committee House Standing hsif17 Innovation, Data, and Commerce Subcommittee Referred to 2013-06-14T21:25:53Z Referred to 2013-06-12T14:01:15Z hsba00 Financial Services Committee House Standing Referred to 2013-06-12T14:01:10Z 2013-06-14 hsif17 Innovation, Data, and Commerce Subcommittee 1 House committee actions Referred to the Subcommittee on Commerce, Manufacturing, and Trade. Committee 2013-06-12 Referred to the Committee on Financial Services, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsif00 Energy and Commerce Committee 2013-06-12 Referred to the Committee on Financial Services, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2013-06-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-06-12 Introduced in House IntroReferral 1000 9 Library of Congress P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 N Housing and Community Development Administrative law and regulatory procedures Banking and financial institutions regulation Department of Commerce Department of Housing and Urban Development Federally chartered organizations Government corporations and government-sponsored enterprises Housing finance and home ownership Housing for the elderly and disabled Housing supply and affordability Low- and moderate-income housing Securities Travel and tourism Housing and Community Development 00 2013-06-12 Introduced in House 2013-07-03T21:43:30Z Affordable Housing Regulation Simplification Act of 2013 - Amends the Federal National Mortgage Association Charter Act to authorize the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation Act to authorize the Federal Home Loan Mortgage Corporation (Freddie Mac), to purchase, service, sell, lend on the security of, and otherwise deal in affordable workforce housing mortgages for one-family residences: (1) that shall be used as the mortgagor's residence at least 8 of any 12 months and 240 days of any 365 days; (2) located within, or are part of, a multifamily housing development meeting certain requirements, (3) is subject to certain resale restrictions; and (4) is located in a high tourism area.

Prescribes mortgagor income and employment criteria.

Exempts such mortgages from any requirements and guidelines of such government sponsored entities (also known as GSEs) that are inconsistent with such authority.

Limits the application of this Act to such mortgages in a high tourism area.

Amends the National Housing Act to authorize the Secretary of Housing and Urban Development (HUD) to insure any affordable workforce housing mortgage meeting certain requirements.

Requires the Secretary of HUD to provide a spot approval process for insurance of condominium unit mortgages that does not require prior approval of the entire project or of the homeowners association for the entire project.

Directs the Secretary of Commerce to: (1) determine high tourism areas; and (2) reassess and update such designation on a biennial basis

]]> Affordable Housing Regulation Simplification Act of 2013 Display Title Affordable Housing Regulation Simplification Act of 2013 Official Title as Introduced To facilitate affordable workforce homeownership in, and develop the full-time resident communities of, high tourism areas, and for other purposes. Introduced in House IH Short Titles as Introduced Affordable Housing Regulation Simplification Act of 2013 Introduced in House 2013-06-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr2339ih/xml/BILLS-113hr2339ih.xml 2013-06-14 Referred to the Subcommittee on Commerce, Manufacturing, and Trade. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.