S. 1530 — Introduced in Senate

II 114th CONGRESS 1st Session S. 1530 IN THE SENATE OF THE UNITED STATES June 9, 2015 Ms. Mikulski (for herself and Mr. Cardin) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To renew certain Moving to Work agreements for a period of 10 years. 1. Short title This Act may be cited as the Keeping Moving to Work Promises Act. 2. Renewal of Moving to Work agreements (a) Definition In this section— (1) the term covered agreement means a Moving to Work demonstration program agreement between a public housing agency and the Secretary pursuant to section 204 of the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1996 (42 U.S.C. 1437f note) that— (A) provides for the use of an alternative operating fund formula; and (B) is in effect on the date of enactment of this Act; and (2) the term Secretary means the Secretary of Housing and Urban Development. (b) Renewal of agreements (1) In general The Secretary shall renew each covered agreement for a period of 10 years. (2) Prohibition on changes to financial terms In renewing a covered agreement under paragraph (1), the Secretary may not make any significant change to the financial terms of the covered agreement.