[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8599 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 8599

To amend the Federal Housing Enterprises Financial Safety and Soundness 
       Act of 1992 to adjust the affordable housing allocations.


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                    IN THE HOUSE OF REPRESENTATIVES

                             July 29, 2022

 Mrs. Beatty introduced the following bill; which was referred to the 
                    Committee on Financial Services

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                                 A BILL


 
To amend the Federal Housing Enterprises Financial Safety and Soundness 
       Act of 1992 to adjust the affordable housing allocations.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLES.

    This Act may be cited as the ``Generating Resources and 
Opportunities Within Affordable Housing Act'' or the ``GROW Affordable 
Housing Act''.

SEC. 2. AFFORDABLE HOUSING ALLOCATIONS.

    Section 1337(a) of the Federal Housing Enterprises Financial Safety 
and Soundness Act of 1992 (12 U.S.C. 4567(a)) is amended by striking 
``4.2 basis points'' each place such term appears and inserting ``10 
basis points''.
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