[Congressional Record Volume 172, Number 43 (Monday, March 9, 2026)]
[Senate]
[Page S936]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 4387. 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 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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