II 109th CONGRESS 2d Session S. 2597 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.

1.

Short title

This Act may be cited as the Federal Housing Fairness Act of 2006.

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.