[Congressional Record Volume 172, Number 42 (Thursday, March 5, 2026)]
[Senate]
[Page S897]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 4359. Ms. HIRONO submitted an amendment intended to be proposed by 
her to the bill H.R. 6644, a bill to increase the supply of housing in 
America, and for other purposes; which was ordered to lie on the table; 
as follows:

       At the appropriate place, insert the following:

     SEC. ___. NOTICE OF ADMINISTRATIVE CHANGES TO SECTION 502 
                   DIRECT LOAN PROGRAM.

       (a) In General.--Section 502(a) of the Housing Act of 1949 
     (42 U.S.C. 1472(a)) is amended--
       (1) by redesignating paragraph (3) as paragraph (4); and
       (2) by inserting after paragraph (2) the following:
       ``(3) Before implementing any change to a regulation, 
     handbook, or procedure related to the administration of loans 
     made under this section, the Secretary shall--
       ``(A) publish the proposed change for comment by the 
     public; and
       ``(B) inform the Committee on Appropriations of the Senate, 
     the Committee on Banking, Housing, and Urban Affairs of the 
     Senate, the Committee on Appropriations of the House of 
     Representatives, and the Committee on Financial Services of 
     the House of Representatives of the proposed change.''.
       (b) Effective Date.--
       (1) Applicability.--The amendment made by subsection (a) 
     shall apply to any change to a regulation, handbook, or 
     procedure made on or after February 10, 2026.
       (2) Repeal of recent changes.--In the case of any change to 
     a regulation, handbook, or procedure related to the 
     administration of loans made under section 502 of the Housing 
     Act of 1949 (42 U.S.C. 1472) that the Secretary of 
     Agriculture implemented during the period beginning on 
     February 10, 2026 and ending on the day before the date of 
     enactment of this Act without first taking the actions 
     required under paragraph (3) of subsection (a) of that 
     section, as added by subsection (a) of this section, the 
     Secretary--
       (A) shall repeal the change; and
       (B) may not reimplement the change unless the Secretary has 
     complied with such paragraph (3).
       (c) Sunset.--Effective on February 10, 2027, section 502(a) 
     of the Housing Act of 1949 (42 U.S.C. 1472(a)) is amended--
       (1) by striking paragraph (3) (as added by this section); 
     and
       (2) by redesignating paragraph (4) (as so redesignated by 
     this section) as paragraph (3).
  

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