[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1017 Introduced in House (IH)]







104th CONGRESS
  1st Session
                                H. R. 1017

 To amend title I of the Housing and Community Development Act of 1974 
  to give preference in awarding economic development grants made in 
connection with community development loan guarantees to cities having 
                        high unemployment rates.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 22, 1995

Mr. Traficant introduced the following bill; which was referred to the 
              Committee on Banking and Financial Services

_______________________________________________________________________

                                 A BILL


 
 To amend title I of the Housing and Community Development Act of 1974 
  to give preference in awarding economic development grants made in 
connection with community development loan guarantees to cities having 
                        high unemployment rates.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``EDI Reform Act of 1995''.

SEC. 2. SELECTION CRITERIA FOR EDI GRANTS.

    Section 108(q) of the Housing and Community Development Act of 1974 
(42 U.S.C. 5308(q)) is amended--
            (1) in paragraph (4)(B), by inserting before the semicolon 
        at the end the following: ``, which shall be determined in a 
        manner that takes into consideration the rate of unemployment 
        in such community and jurisdiction''; and
            (2) by adding at the end the following new paragraph:
            ``(5) Preference for high unemployment jurisdictions.--
                    ``(A) Minimum requirements.--In providing for the 
                selection of eligible public entities for assistance 
                under this subsection, the Secretary shall establish 
                minimum requirements for eligibility for such 
                assistance based on the factors included in the 
                selection criteria established pursuant to paragraph 
                (4).
                    ``(B) Preference.--With respect to any single 
                competition for assistance under this subsection, 
                unless such assistance is provided for each eligible 
                public entity applying for such assistance that--
                            ``(i) complies with the minimum 
                        requirements for eligibility,
                            ``(ii) has a rate of unemployment in the 
                        community to be served (based on such recent 
                        available data as the Secretary considers 
                        appropriate) that exceeds the rate that the 
                        Secretary shall select (for purposes of this 
                        paragraph) to indicate the existence of a 
                        severe unemployment problem within a community, 
                        and
                            ``(iii) otherwise complies with the 
                        requirements for receiving assistance under 
                        this subsection,
                the Secretary may not provide such assistance to any 
                other eligible public entity.''.

SEC. 3. APPLICABILITY TO PROPOSED COMMUNITY OPPORTUNITY PERFORMANCE 
              FUND.

    If there is established--
            (1) a Community Opportunity Performance Fund program (as 
        proposed in the Budget of the United States Government for 
        Fiscal Year 1996 submitted by the President pursuant to section 
        1105(a) of title 31, United States Code), or
            (2) any other program to consolidate various programs for 
        community economic development assistance of the Department of 
        Housing and Urban Development, which--
                    (A) includes or eliminates the program for economic 
                development grants under section 108(q) of the Housing 
                and Community Development Act of 1974, and
                    (B) provides for the determination of the amount of 
                assistance provided under the program for jurisdictions 
                or communities based upon a formula,
the formula that determines the amount of assistance provided for a 
jurisdiction or community under the program so established shall take 
into consideration the rate or extent of unemployment in the 
jurisdiction or community.
                                 <all>