[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 393 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 393

To require the Secretary of Housing and Urban Development to notify the 
   Congress of any shortfall in funding for the tenant-based rental 
assistance program under section 8 of the United States Housing Act of 
                                 1937.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 26, 2005

  Mr. Lynch introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To require the Secretary of Housing and Urban Development to notify the 
   Congress of any shortfall in funding for the tenant-based rental 
assistance program under section 8 of the United States Housing Act of 
                                 1937.

    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 ``HUD Transparency and Accountability 
Act of 2005''.

SEC. 2. NOTIFICATION OF FUNDING SHORTFALL.

    Subsection (dd) of section 8 of the United States Housing Act of 
1937 (42 U.S.C. 1437f(dd)) is amended--
            (1) by inserting ``(1)'' before ``Subject''; and
            (2) by adding at the end the following new paragraph:
            ``(2) If, at any time, the Secretary determines or is 
        notified by any public housing agency that the amount made 
        available for any fiscal year for tenant-based assistance under 
        this section is not sufficient to fully fund the authorized 
        level of units under all annual contributions contracts, the 
        Secretary shall promptly submit to the Committees on 
        Appropriations and on the Budget of the House of 
        Representatives and the Senate, the Committee on Financial 
        Services of the House of Representatives, and the Committee on 
        Banking, Housing, and Urban Affairs of the Senate notice of 
        such funding shortfall and an estimate of the amount needed to 
        correct such shortfall.''.
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