[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5872 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 5872

   To provide adequate commitment authority for fiscal year 2010 for 
 guaranteed loans that are obligations of the General and Special Risk 
  Insurance Funds of the Department of Housing and Urban Development.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 27, 2010

  Mr. Frank of Massachusetts introduced the following bill; which was 
            referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
   To provide adequate commitment authority for fiscal year 2010 for 
 guaranteed loans that are obligations of the General and Special Risk 
  Insurance Funds of the Department of Housing and Urban Development.

    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 ``General and Special Risk Insurance 
Funds Availability Act of 2010''.

SEC. 2. ADEQUATE COMMITMENT AUTHORITY.

    Notwithstanding any other provision of law, for fiscal year 2010 
the Secretary of Housing and Urban Development may enter into 
commitments to guarantee loans, as authorized by sections 238 and 519 
of the National Housing Act (12 U.S.C. 1715z-3 and 1735c), in an amount 
not exceeding $20,000,000,000 in total loan principal, any part of 
which is to be guaranteed.
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