[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 659 Introduced in House (IH)]






108th CONGRESS
  1st Session
                                H. R. 659

    To amend section 242 of the National Housing Act regarding the 
   requirements for mortgage insurance under such Act for hospitals.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 11, 2003

    Mr. Ney (for himself, Ms. Waters, and Mr. Baker) introduced the 
   following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
    To amend section 242 of the National Housing Act regarding the 
   requirements for mortgage insurance under such Act for hospitals.

    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 ``Hospital Mortgage Insurance Act of 
2003''.

SEC. 2. STANDARDS FOR DETERMINING NEED AND FEASIBILITY FOR HOSPITALS.

    Paragraph (4) of section 242(d) of the National Housing Act (12 
U.S.C. 1715z-7) is amended to read as follows:
    ``(4)(A) The Secretary shall require satisfactory evidence that the 
hospital will be located in a State or political subdivision of a State 
with reasonable minimum standards of licensure and methods of operation 
for hospitals and satisfactory assurance that such standards will be 
applied and enforced with respect to the hospital.
    ``(B) The Secretary shall establish the means for determining need 
and feasibility for the hospital. If the State has an official 
procedure for determining need for hospitals, the Secretary shall also 
require that such procedure be followed before the application for 
insurance is submitted, and the application shall document that need 
has also been established under that procedure.''.
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