,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #abig  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #d1 #bjae ,mr4   
,jeffries introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,f9ancial    
,s]vices1 & 9 addition to ! ,committee  
on ,transportation & ,infra/ructure1 = a
 p]iod to be subsequ5tly det]m9$ by !   
,speak]1 9 ea* case = consid]ation ( su*
 provisions z fall )9 ! jurisdiction ( !
 committee conc]n$  ,a ,,bill  ,to am5d 
! ,rob]t ,t4 ,/af=d ,disa/] ,relief &   
,em]g5cy ,assi/ance ,act to provide     
assi/ance = h\s+ coop]atives damag$ by a
 major disa/]1 to provide relief to     
home[n]s affect$ by major disa/]s :o h  
mortgages insur$ by ! ,,fha or own$ or  
gu>ante$ by ,fannie ,mae or ,fr$die     
,mac1 & = o!r purposes4  #a4 ,%ort title
 ,?is ,act may be cit$ z ! ,disa/]      
,response ,re=m ,act ( #bjae4  ,i ,,fema
 ,disa/] ,assi/ance to ,individuals &   
,h\seholds  #aja4 ,h\s+ units 9 h\s+    
coop]atives  7a7 ,h\s+ coop]ative def9$ 
,section #ajb ( ! ,rob]t ,t4 ,/af=d     

,disa/] ,relief & ,em]g5cy ,assi/ance   
,act 7#db ,u4,s4,c4 #eabb7 is am5d$ by  
add+ at ! end ! foll[+3  7#ac7 ,h\s+    
coop]ative ,! t]m h\s+ coop]ative means 
a multi-unit h\s+ project 9 :i* ea*     
dwell+ unit is subject to sep>ate use & 
possession by "o or m coop]ative memb]s 
^: int]e/ 9 su* unit1 & 9 any undivid$  
assets ( ! coop]ative association t are 
appurt5ant to su* unit1 is evid5c$ by a 
memb]%ip or %>e int]e/ 9 a coop]ative   
association & a lease or o!r docum5t (  
title or possession grant$ by su*       
coop]ative z ! own] ( all coop]ative    
prop]ty4  4  7b7 ,major disa/] assi/ance
 to individuals & h\seholds ,section    
#djh7;c7 ( ! ,rob]t ,t4 ,/af=d ,disa/]  
,relief & ,em]g5cy ,assi/ance ,act 7#db 
,u4,s4,c4 #eagd7;c77 is am5d$ by add+ at
 ! end ! foll[+3  7#e7 ,h\s+ coop]atives
  7,a7 ,damag$ h\s+ units ,9 c>ry+ out  
p>agraphs 7#b7 & 7#c71 ! ,presid5t      
%all-- 7i7 treat an own]-occupi$ h\s+   
unit ( a h\s+ coop]ative 9 ! same mann] 
z an own]-occupi$ private resid5ce2 &   

7ii7 provide f9ancial assi/ance =       
own]-occupi$ h\s+ units ( h\s+          
coop]atives on a unit-by-unit basis4    
7,b7 ,ess5tial liv+ items  7i7          
,eligibility = f9ancial assi/ance ,!    
,presid5t may provide f9ancial assi/ance
 "u p>agraphs 7#b7 & 7#c7 9 connection )
 ess5tial liv+ items t are own$ by !    
association = a h\s+ coop]ative & locat$
 9 an own]-occupi$ h\s+ unit ( ! h\s+   
coop]ative4  7ii7 ,proc$ures  7,i7 ,9   
g5]al ,! ,presid5t %all e/abli%         
proc$ures = provid+ assi/ance "u clause 
7i74 ,! proc$ures %all ensure t ess5tial
 s]vices 9 individual h\s+ units ( h\s+ 
coop]atives are promptly re/or$ foll[+ a
 major disa/] & su* units are return$ to
 a safe & sanit>y liv+ or function+     
condition4  7,,ii7 ,recipi5ts (         
assi/ance ,"u su* proc$ures1 ! ,presid5t
 may provide f9ancial assi/ance directly
 to resid5ts ( own]-occupi$ h\s+ units (
 a h\s+ coop]ative or to ! association =
 ! h\s+ coop]ative4  7,c7 ,ess5tial liv+
 item def9$ ,9 ?is p>agraph1 ! t]m      

ess5tial liv+ item means ^? items       
necess>y to return a resid5ce to a safe 
& sanit>y liv+ or function+ condition4  
4  7c7 ,applicability ,! am5dm5t made by
 subsection 7b7 %all apply to a major   
disa/] decl>$ by ! ,presid5t "u section 
#dja ( ! ,rob]t ,t4 ,/af=d ,disa/]      
,relief & ,em]g5cy ,assi/ance ,act 7#db 
,u4,s4,c4 #eagj7 aft] ! date ( enactm5t 
( ?is ,act4  #ajb4 ,p]sonal prop]ty 9   
basem5ts  7a7 ,9 g5]al ,section #djh7;c7
 ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief &
 ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4
 #eagd7;c77 is fur!r am5d$ by add+ at ! 
end ! foll[+3  7#f7 ,p]sonal prop]ty 9  
basem5ts  7,a7 ,f9ancial assi/ance =    
damag$ p]sonal prop]ty ,9 c>ry+ out     
p>agraphs 7#b7 & 7#c71 ! ,presid5t %all 
provide f9ancial assi/ance 9 connection 
) p]sonal prop]ty t is damag$ 9 a major 
disa/] & is locat$ 9 ! basem5t ( an     
own]-occupi$ private resid5ce 9 ! same  
mann] & to ! same ext5t z p]sonal       
prop]ty t is damag$ 9 a major disa/] &  
is locat$ 9 any o!r portion ( !         

resid5ce4  7,b7 ,basem5t def9$ ,9 ?is   
p>agraph1 ! t]m basem5t means an enclos$
 area ( a dwell+ :]e any portion ( !    
ext]ior wall or concrete floor is bel[  
grade4  4  7b7 ,applicability ,! am5dm5t
 made by subsection 7a7 %all apply to a 
major disa/] decl>$ by ! ,presid5t "u   
section #dja ( ! ,rob]t ,t4 ,/af=d      
,disa/] ,relief & ,em]g5cy ,assi/ance   
,act 7#db ,u4,s4,c4 #eagj7 aft] ! date (
 enactm5t ( ?is ,act4  ,,ii ,mortgage   
,relief = ,home[n]s 9 ,disa/] ,areas    
#bja4 #ij-;day moratorium on =eclosures 
7a7 ,m9imum requirem5t ,ea* applicable  
ag5cy head 7z su* t]m is def9$ 9 section
 #bjd7 %all prohibit mortgagees &       
s]vic]s "u cov]$ mortgages f initiat+   
any =eclosure1 :e!r judicial or         
nonjudicial1 or tak+ any action 9       
fur!rance ( a =eclosure already comm5c$1
 includ+ conduct+ any =eclosure sale1 ) 
respect to ! cov]$ mortgage dur+ !      
#ij-;day p]iod t beg9s ^u ! ,presid5tial
 decl>ation ( ! disa/] ref]r$ to 9      
section #bjd7b77;,a77ii7 ) respect to   

su* mortgage4  7b7 ,additional relief   
,subsection 7a7 may n be con/ru$ to     
prev5t or prohibit an applicable ag5cy  
head f ext5d+ ! p]iod specifi$ 9 su*    
subsection or tak+ any o!r relief or    
=be>ance action ) respect to cov]$      
mortgages4  #bjb4 ,requirem5t to (f]    
=be>ance to affect$ home[n]s  7a7       
,notification ,ea* applicable ag5cy head
 %all require ea* mortgagee ( a cov]$   
mortgage to notify ! mortgagor "u !     
mortgage1 9 writ+1 n lat] ?an !         
expiration ( ! #de-;day p]iod t beg9s ^u
 ! ,presid5tial decl>ation ( ! disa/]   
ref]r$ to 9 section #bjd7b77;,a77ii7 )  
respect to su* mortgage1 & 9 su* =m z ! 
applicable ag5cy heads %all require     
pursuant to guidel9es issu$ "u section  
#bje-- 7#a7 t ! mortgage is a cov]$     
mortgage t may be eligible = =be>ance   
relief "u ?is section2  7#b7 ( !        
requirem5ts = eligible home[n]s to      
qualify = su* relief2  7#c7 ( ! t]ms (  
su* relief2  7#d7 ( :at action !        
mortgagor mu/ take to reque/ su* relief2

  7#e7 t ! mortgagor & ! mortgagee c    
agree to t]ms ( =be>ance 9 lieu ( or 9  
addition to =be>ance relief t may be    
requir$ "u ?is section to be (f]$ to !  
mortgagor2 &  7#f7 h[ to contact !      
mortgagee reg>d+ su* additional or      
alt]native relief4  7b7 ,reque/ = relief
 ,! applicable ag5cy heads %all1 by     
guidel9es issu$ "u section #bje1 provide
 = mortgagors "u cov]$ mortgages to     
submit reque/s1 dur+ ! #ij-;day p]iod   
beg9n+ ^u ! expiration ( ! notification 
p]iod "u subsection 7a71 to ! mortgagees
 ( su* mortgages = =be>ance relief "u   
?is section4  7c7 ,det]m9ation ,^u      
receipt ( a reque/ made by a mortgagor  
"u a cov]$ mortgage = =be>ance relief "u
 ?is section t is submitt$ dur+ ! p]iod 
ref]r$ to 9 subsection 7b71 ! mortgagee 
%all promptly det]m9e :e!r ! mortgagor  
is an eligible home[n] & imm$iately     
notify ! mortgagor 9 writ+ ( su*        
det]m9ation4  7d7 ,requirem5t ,to (f]   
=be>ance ,if1 pursuant to a reque/ =    
relief submitt$ pursuant to subsection  

7b7 ) respect to a cov]$ mortgage1 !    
mortgagee = ! mortgage det]m9es t !     
mortgagor "u ! mortgage is an eligible  
home[n]1 ! mortgagee %all1 toge!r ) !   
notification requir$ "u subsection 7c7  
submit to ! eligible home[n]--  7#a7 a  
writt5 (f] = =be>ance t meets !         
requirem5ts ( subsection 7e72  7#b7 an  
explanation ( ! t]ms ( su* (f] & :5 su* 
(f] w expire2  7#c7 an explanation ( :at
 action ! mortgagor mu/ take to accept  
su* (f]2  7#d7 notification t !         
mortgagor & ! mortgagee c agree to t]ms 
( =be>ance 9 lieu ( or 9 addition to    
=be>ance relief requir$ "u ?is section  
to be (f]$ to ! mortgagor2 &  7#e7 h[ to
 contact ! mortgagee reg>d+ su*         
additional or alt]native relief4  7e7   
,t]ms ( =be>ance  7#a7 ,9 g5]al ,an (f] 
= =be>ance ) respect to a cov]$ mortgage
 meets ! t]ms ( ?is subsection only if--
  7,a7 ! =be>ance provides-- 7i7 = !    
susp5sion ( paym5ts due "u ! mortgage = 
a p]iod t--  7,i7 has a duration t is n 
%ort] ?an #f mon?s2 &  7,,ii7 beg9s aft]

 ! decl>ation ( ! major disa/] ref]r$ to
 9 section #bjd7b77;,a77ii7 b n lat] ?an
 #abj days aft] su* decl>ation1 & may   
cov] p]iods = :i* paym5ts due "u !      
mortgage 7 n paid t occurr$ be=e ! (f] =
 relief "u ?is section 0 accept$2 &     
7ii7 = rec\pm5t ( any arre>age ( am\nts 
due "u ! mortgage result+ f =be>ance to 
by increas+ ! mon?ly paym5ts due "u !   
mortgage aft] ! expiration ( ! =be>ance 
p]iod by an am\nt n exce$+ #e p]c5t ( ! 
mon?ly am\nt t w\ld o!rwise be due = su*
 mon? "u ! orig9al t]ms ( ! mortgage2 & 
7,b7 ! (f] provides = =be>ance & t]ms1  
requirem5ts1 & proc$ures = su* =be>ance 
t o!rwise comply ) guidel9es issu$ by ! 
,secret>y & ! ,director pursuant to     
p>agraph 7#b7 ( ?is subsection4  7#b7   
,e/abli%m5t ( t]ms ,! applicable ag5cy  
heads %all1 by guidel9es issu$ pursuant 
to section #bje1 provide = ! t]ms1      
requirem5ts1 & proc$ures = =be>ance (f]$
 "u ?is section4  7f7 ,o!r =be>ance     
7#a7 ,agreem5ts betwe5 mortgagor &      
mortgagee ,?is section may n be con/ru$ 

to prev5t an eligible home[n] & !       
mortgagee = ! cov]$ mortgage ( su*      
eligible home[n] f agree+ to any o!r =ms
 or t]ms ( =be>ance1 reg>dless ( :e!r   
su* eligible home[n] makes a reque/ "u  
subsection 7b7 or receives an (f] (     
=be>ance pursuant to subsection 7d74    
7#b7 ,limitations on ag5cies ,an        
applicable ag5cy head may n e/abli%--   
7,a7 any limitations or re/rictions on !
 =ms or t]ms ( =be>ance relief t a      
mortgagee may (f] or agree to ) respect 
to a cov]$ mortgage1 includ+ ! duration 
( ! =be>ance p]iod1 ! duration ( ! p]iod
 = rec\pm5t ( arre>ages result+ f       
=be>ance1 & ! am\nt ( pr9cipal =giv52 or
  7,b7 any requirem5t t a mortgagee     
obta9 approval ( ! ag5cy head be=e !    
mortgagee may (f] or agree to any       
p>ticul> =ms or t]ms ( =be>ance relief )
 respect to a cov]$ mortgage4  #bjc4    
,en=cem5t  7a7 ,,fha ,! ,secret>y & !   
,mortgagee ,review ,bo>d %all en=ce     
compliance by mortgagees ) ?is title & !
 guidel9es issu$ to c>ry out ?is title  

"u section #bjb7;c7 ( ! ,national ,h\s+ 
,act 7#ab ,u4,s4,c4 #agjh7;c774  7b7    
,fannie ,mae & ,fr$die ,mac ,if !       
,director det]m9es1 on ! record aft] an 
opportunity = an ag5cy he>+1 t a        
mortgagee has violat$ ?is title or !    
guidel9es issu$ to c>ry out ?is title1 !
 ,director %all prohibit ! ,f$]al       
,national ,mortgage ,association & !    
,f$]al ,home ,loan ,mortgage            
,corporation f pur*as+1 acquir+1 newly  
l5d+ on ! security (1 newly inve/+ 9    
securities consi/+ (1 or o!rwise newly  
deal+ 9 any mortgage ( or orig9at$ by   
su* mortgagee = a p]iod ( #ab mon?s4    
#bjd4 ,def9itions ,= purposes ( ?is     
title1 ! foll[+ def9itions %all apply3  
7#a7 ,applicable ag5cy head ,! t]m      
applicable ag5cy head means-- 7,a7 !    
,secret>y1 ) respect to a cov]$ mortgage
 describ$ 9 p>agraph 7#b77;,b77i72 &    
7,b7 ! ,director1 ) respect to a cov]$  
mortgage describ$ 9 p>agraph            
7#b77;,b77ii74  7#b7 ,cov]$ mortgage ,! 
t]m cov]$ mortgage means a mortgage--   

7,a7 t is secur$ by a "o- to f\r-family 
dwell+ t-- 7i7 is ! pr9cipal resid5ce ( 
! mortgagor2 &  7ii7 is locat$ )9 an    
area = :i* a major disa/] 0 decl>$      
pursuant to section #dja ( ! ,rob]t ,t4 
,/af=d ,disa/] ,relief & ,em]g5cy       
,assi/ance ,act 7#db ,u4,s4,c4 #eagj72 &
  7,b7 t is--  7i7 insur$ "u title ,,ii 
( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 
#agjg et seq472 or  7ii7 own$ or        
gu>ante$ by ! ,f$]al ,national ,mortgage
 ,association or ! ,f$]al ,home ,loan   
,mortgage ,corporation4  7#c7 ,director 
,! t]m ,director means ! ,director ( !  
,f$]al ,h\s+ ,f9ance ,ag5cy4  7#d7      
,eligible home[n] ,! t]m eligible       
home[n] means a mortgagor "u a cov]$    
mortgage ^:--  7,a7 h\sehold exp]i5c$ a 
disruption 9 income z a result ( ! major
 disa/] ref]r$ to 9 p>agraph            
7#b77;,a77ii71 z det]m9$ 9 accordance ) 
guidel9es issu$ pursuant to section     
#bje2 or  7,b7 resid5ce t secures !     
mortgage 0 damag$ z a result ( ! major  
disa/] ref]r$ to 9 p>agraph             

7#b77;,a77ii71 z det]m9$ 9 accordance ) 
guidel9es issu$ pursuant to section     
#bje4  7#e7 ,mortgagee ,! t]m mortgagee 
means1 ) respect to a cov]$ mortgage1 ! 
orig9al l5d] "u ! mortgage & any        
affiliates1 ag5ts1 subsidi>ies1         
successors1 or assignees ( su* l5d]1 any
 subsequ5t pur*as]1 tru/ee1 or transf]ee
 ( ! mortgage or cr$it in/rum5t issu$ by
 su* l5d]4  7#f7 ,secret>y ,! t]m       
,secret>y means ! ,secret>y ( ,h\s+ &   
,urban ,developm5t4  #bje4 ,guidel9es ,n
 lat] ?an ! expiration ( ! #cj-;day     
p]iod beg9n+ on ! date ( ! enactm5t (   
?is ,act1 ! ,secret>y & ! ,director %all
 jo9tly issue regulations to c>ry out   
?is title4