,,ii #aafth ,,congress #ast ,session ,s4 #cef ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,february #f1 #bjai,mr4 ,murphy 7for himself1 ,mr4 ,blumenthal1 ,ms4 ,warren1 and ,mr4 ,markey7 introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to establish a grant program to provide assistance to ,states to prevent and repair damage to structures due to pyrrhotite4 #a4 ,short title ,this ,act may be cited as the ,aid to ,homeowners with ,crumbling ,foundations ,act of #bjai4 #b4 ,grant program 7a7 ,definitions ,in this section-- 7#a7 the term covered ,state means a ,state that administers a crumbling foundations assistance fund2 7#b7 the term crumbling foundations assistance fund means a fund established by a ,state the purpose of which is to receive public or private contributions to provide financial assistance to owners of residential buildings in the ,state to repair or replace the concrete foundations of those residential buildings that have deteriorated due to the presence of pyrrhotite2 7#c7 the term residential building means any family dwelling1 including any building1 condominium unit1 or dwelling in a planned unit development2 and 7#d7 the term ,secretary means the ,secretary of ,housing and ,urban ,development4 7b7 ,authorization ,not later than #ij days after the date of enactment of this ,act1 the ,secretary shall establish and implement a program to make grants to covered ,states to assist owners of residential buildings with concrete foundations that have deteriorated due to the presence of pyrrhotite4 7c7 ,application ,a covered ,state desiring a grant under this section shall submit an application to the ,secretary at such time1 in such manner1 and accompanied by such information as the ,secretary may require4 7d7 ,deposit of funds ,a covered ,state receiving a grant under this section shall deposit any grant amounts into the crumbling foundations assistance fund of the ,state for the purpose of carrying out the activities described in subsection 7e74 7e7 ,use of funds ,a covered ,state receiving a grant under this section shall-- 7#a7 develop a single1 unified application for owners of residential buildings to apply for all financial assistance from the crumbling foundations assistance fund of the covered ,state2 7#b7 provide financial assistance to approved owners of residential buildings for the repair or replacement of concrete foundations that have deteriorated due to the presence of pyrrhotite1 including financial reimbursement to owners who have had such repair or replacement performed before the date of enactment of this ,act2 7#c7 assist approved owners of residential buildings to obtain additional financing necessary to fully fund the repair or replacement of concrete foundations that have deteriorated due to the presence of pyrrhotite2 7#d7 approve contractors or other vendors for eligibility to perform foundation repairs or replacements on behalf of approved owners2 7#e7 ensure that the financial assistance is used solely for costs of repairing and replacing concrete foundations that have deteriorated due to the presence of pyrrhotite2 and 7#f7 require the disclosure of the amount of all financial compensation received by an owner of the residential building1 if any1 arising out of a claim for coverage under the property coverage provisions of the homeowners policy for foundation deterioration due to the presence of pyrrhotite and ensure that the amount is considered when determining the amount of financial assistance offered to the owner4 7f7 ,grant amount and duration 7#a7 ,amount ,each grant awarded to a covered ,state under this section in a fiscal year shall be in an amount of not more than #bj1jjj1jjj4 7#b7 ,duration ,a grant awarded under this section shall be for a period of #e years4 7g7 ,annual report ,the ,secretary shall submit to the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate and the ,committee on ,financial ,services of the ,house of ,representatives an annual report on the grant program established under this section1 including a summary of the use of funds by covered ,states receiving a grant under this section4 7h7 ,authorization of appropriations ,there are authorized to be appropriated to carry out this section #bj1jjj1jjj for each of fiscal years #bjbj through #bjbd4