[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 1636 Considered and Passed Senate (CPS)]







108th CONGRESS
  1st Session
                                S. 1636

To preserve the ability of the Federal Housing Administration to insure 
   mortgages under sections 238 and 519 of the National Housing Act.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 18, 2003

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

_______________________________________________________________________

                                 A BILL


 
To preserve the ability of the Federal Housing Administration to insure 
   mortgages under sections 238 and 519 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 under the heading ``Federal Housing 
Administration--general and special risk program account'' in title II 
of Division K of the Consolidated Appropriations Resolution, 2003 
(Public Law 108-7), during the fiscal year 2003, commitments to 
guarantee loans to carry out the purposes of sections 238 and 519 of 
the National Housing Act (12 U.S.C. 1715z-3 and 1735c), shall not 
exceed a loan principal of $25,000,000,000, and shall remain available 
until all funds are expended.
                                 <all>