[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 1674 Introduced in Senate (IS)]

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117th CONGRESS
  1st Session
                                S. 1674

To amend the Emergency Economic Stabilization Act of 2008 to authorize 
use of amounts under the Troubled Assets Relief Program to be used for 
    activities under the Housing Trust Fund, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 18, 2021

    Ms. Cortez Masto (for herself, Mr. Padilla, Mrs. Feinstein, Mr. 
Sanders, and Mr. Merkley) introduced the following bill; which was read 
  twice and referred to the Committee on Banking, Housing, and Urban 
                                Affairs

_______________________________________________________________________

                                 A BILL


 
To amend the Emergency Economic Stabilization Act of 2008 to authorize 
use of amounts under the Troubled Assets Relief Program to be used for 
    activities under the Housing Trust Fund, 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 ``Affordable Housing Production Act''.

SEC. 2. USE OF TARP AMOUNTS.

    (a) In General.--The Emergency Economic Stabilization Act of 2008 
(12 U.S.C. 5201 et seq.) is amended by inserting after section 110 (12 
U.S.C. 5220) the following:

``SEC. 110A. OTHER ASSISTANCE.

    ``Notwithstanding section 115(a), section 120, or any other 
provision of law, the Secretary may use any amounts made available 
under this title that are not otherwise obligated for deposit in and 
use only to provide assistance under the Housing Trust Fund under 
section 1338 of the Federal Housing Enterprises Financial Safety and 
Soundness Act of 1992 (12 U.S.C. 4568).''.
    (b) Clerical Amendment.--The table of contents in section 1(b) of 
the Emergency Economic Stabilization Act of 2008 (12 U.S.C. 5201 note) 
is amended by inserting after the item relating to section 110 the 
following:

``110A. Other assistance.''.
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