[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 2597 Introduced in Senate (IS)]








109th CONGRESS
  2d Session
                                S. 2597

            To facilitate homeownership in high-cost areas.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 7, 2006

 Mrs. Clinton introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
            To facilitate homeownership in high-cost areas.

    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 ``Federal Housing Fairness Act of 
2006''.

SEC. 2. FHA SINGLE FAMILY HOUSING MAXIMUM MORTGAGE LIMIT.

    Section 203(b)(2)(A) of the National Housing Act (12 U.S.C. 
1709(b)(2)(A)) is amended--
            (1) in clause (i), by striking ``95 percent'' and inserting 
        ``100 percent'';
            (2) in clause (ii)--
                    (A) by striking ``87 percent '' and inserting ``100 
                percent'' ; and
                    (B) by striking ``for Fiscal Year'' and inserting a 
                comma; and
            (3) by moving subparagraph (A), including clauses (i) and 
        (ii) of such subparagraph, 2 ems to the right.
                                 <all>