[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7327 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 7327

   To encourage the timely use of funds provided under the emergency 
    rental assistance programs administered by the Secretary of the 
                   Treasury, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 31, 2022

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

_______________________________________________________________________

                                 A BILL


 
   To encourage the timely use of funds provided under the emergency 
    rental assistance programs administered by the Secretary of the 
                   Treasury, and for other purposes.

    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 ``Protecting Rural Renters Act of 
2022''.

SEC. 2. REALLOCATION OF CERTAIN UNUSED FUNDS.

    (a) Consolidated Appropriations Act Funds.--Section 501(d) of 
subtitle A of title V of division N of the Consolidated Appropriations 
Act, 2021 (15 U.S.C. 9058a(d)) is amended--
            (1) by inserting ``other than a grantee described in 
        subsection (b)(1)(B)(i)'' after ``by a grantee''; and
            (2) by adding at the end the following new sentence: ``The 
        Secretary shall require that any amount of funds reallocated 
        pursuant to this subsection from a grantee described in 
        subsection (b)(1)(B)(i) to another eligible grantee after 
        September 30, 2021, but that remain unobligated by such other 
        eligible grantee as of the date of enactment of this sentence, 
        shall be returned to the original grantee described in 
        subsection (b)(1)(B)(i) promptly upon such date of 
        enactment.''.
    (b) ARPA Funds.--Section 3201(e) of the American Rescue Plan Act of 
2021 (15 U.S.C. 9058c(e)) is amended--
            (1) in paragraph (1), by inserting ``other than grantees 
        described in subsection (f)(1)(A)'' after ``eligible 
        grantees''; and
            (2) by adding at the end the following new paragraph:
            ``(5) Return of certain reallocated funds.--The Secretary 
        shall require that any amount of funds reallocated pursuant to 
        this subsection from a grantee described in subsection 
        (f)(1)(A) to another eligible grantee after March 31, 2022, but 
        that remain unobligated by such other eligible grantee as of 
        the date of enactment of this paragraph, shall be returned to 
        the original grantee described in subsection (f)(1)(A) promptly 
        upon such date of enactment.''.
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