[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3352 Introduced in House (IH)]







105th CONGRESS
  2d Session
                                H. R. 3352

   To amend the Foreign Assistance Act of 1961 to repeal the housing 
                    guaranty program under that Act.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 5, 1998

   Mr. Bachus (for himself, Mr. Aderholt, Mr. Cramer, and Mr. Riley) 
 introduced the following bill; which was referred to the Committee on 
                        International Relations

_______________________________________________________________________

                                 A BILL


 
   To amend the Foreign Assistance Act of 1961 to repeal the housing 
                    guaranty program under that Act.

    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 ``Foreign Housing Guaranty Elimination 
Act of 1998''.

SEC. 2. REPEAL OF HOUSING GUARANTY PROGRAM UNDER THE FOREIGN ASSISTANCE 
              ACT OF 1961.

    (a) In General.--Sections 221 and 222 of the Foreign Assistance Act 
of 1961 (22 U.S.C. 2181 and 2182) are hereby repealed.
    (b) Applicability.--The repeal made by subsection (a) of the 
provisions of law described in such section shall not affect any 
guaranty issued under such provisions before the date of the enactment 
of this Act.
    (c) Conforming Amendments.--(1) Section 223 of such Act (22 U.S.C. 
2183) is amended--
            (A) in subsection (a), by striking ``222 or'';
            (B) in subsection (b)--
                    (i) by inserting after ``section 222'' the first 
                place it appears ``(as in effect on the day before the 
                date of the enactment of the Foreign Housing Guaranty 
                Elimination Act of 1998)'';
                    (ii) by striking ``meeting necessary administrative 
                and operating expenses of carrying out the provisions 
                of section 222 and''; and
                    (iii) by striking ``pursuant to section 222 or 
                heretofore'';
            (C) in subsection (c), by striking ``or section 222'';
            (D) in subsection (d), by striking ``222 or'';
            (E) by striking subsection (f); and
            (F) in subsection (j)--
                    (i) by striking the first sentence; and
                    (ii) by striking the last sentence.
    (2) Section 226(l) of such Act (22 U.S.C. 2186(l)) is amended--
            (A) in the first sentence, by inserting after ``section 
        222'' the following: ``(as in effect on the day before the date 
        of the enactment of the Foreign Housing Guaranty Elimination 
        Act of 1998)''; and
            (B) in the second sentence, by striking ``sections 221, 
        222, and'' and inserting ``section''.
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