[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 1571 Introduced in Senate (IS)]







108th CONGRESS
  1st Session
                                S. 1571

  To increase the Federal Housing Administration mortgage commitment 
   level to carry out the purposes of section 203(b) of the National 
                              Housing Act.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 2, 2003

    Mr. Shelby (for himself, Mr. Bond, Mr. Sarbanes, and Mr. Reed) 
 introduced the following bill; which was read twice, considered, read 
                       the third time, and passed

_______________________________________________________________________

                                 A BILL


 
  To increase the Federal Housing Administration mortgage commitment 
   level to carry out the purposes of section 203(b) of the National 
                              Housing Act.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, That, notwithstanding 
the first paragraph of the item in title II of Division K of the 
Consolidated Appropriations Resolution, 2003 (Public Law 108-7) 
relating to ``Federal Housing Administration--mutual mortgage insurance 
program account'', during the fiscal year 2003, commitments to 
guarantee loans to carry out the purposes of section 203(b) of the 
National Housing Act (12 U.S.C. 1709), shall not exceed a loan 
principal of $185,000,000,000.
                                 <all>