[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2292 Introduced in House (IH)]







106th CONGRESS
  1st Session
                                H. R. 2292

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 22, 1999

  Mr. Bachus 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 ``Urban and Environmental Credit 
Program Elimination Act''.

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of 1961 (22 U.S.C. 2181 and 2182) are hereby repealed.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 Urban and Environmental 
                Credit Program Elimination Act)'';
                    (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 Urban and Environmental Credit Program 
        Elimination Act)''; and
            (B) in the second sentence, by striking ``sections 221, 
        222, and'' and inserting ``section''.
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