[Congressional Record Volume 172, Number 42 (Thursday, March 5, 2026)]
[Senate]
[Page S898]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 4362. Mr. REED submitted an amendment intended to be proposed by 
him 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. ___. TRANSFER OF ICE APPROPRIATIONS TO HOUSING PROGRAMS.

       (a) In General.--Effective on the date of enactment of this 
     Act, of the unobligated balances, and the obligated balances 
     that have not been outlayed, of amounts made available under 
     sections 90003 and 100052 of Public Law 119-21 (139 Stat. 
     358, 387) (commonly known as the ``One Big Beautiful Bill 
     Act'')--
       (1) 50 percent shall be transferred to the Housing Trust 
     Fund established under section 1338(a) of the Federal Housing 
     Enterprises Financial Safety and Soundness Act of 1992 (12 
     U.S.C. 4568(a));
       (2) 25 percent shall be transferred to the Capital Magnet 
     Fund established under section 1339(a) of the Federal Housing 
     Enterprises Financial Safety and Soundness Act of 1992 (12 
     U.S.C. 4569(a)); and
       (3) 25 percent shall be transferred to the Secretary of 
     Housing and Urban Development to carry out the HOME 
     Investment Partnerships program under subtitle A of title II 
     of the Cranston-Gonzalez National Affordable Housing Act (42 
     U.S.C. 12741 et seq.).
       (b) Use and Availability of Funds.--Amounts transferred 
     under paragraph (1), (2), or (3) of subsection (a) shall--
       (1) be merged with other amounts in that fund or other 
     amounts made available for that program, as applicable;
       (2) be subject to the same conditions and limitations as 
     the other amounts in that fund or other amounts made 
     available for that program, as applicable; and
       (3) remain available until expended.
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