,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #cfbj  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #f1 #bjbj,mr4 ,re$
 7= himself1 ,mr4 ,br[n1 ,mr4 ,te/]1    
,mr4 ,s*atz1 ,mr4 ,jones1 ,ms4 ,smi?1   
,ms4 ,w>r51 ,ms4 ,s9ema1 ,mr4 ,w>n]1    
,mr4 ,m55dez1 ,mr4 ,van ,holl51 ,ms4    
,cortez ,ma/o1 ,mr4 ,ka9e1 ,mr4 ,udall1 
,mr4 ,book]1 ,mrs4 ,fe9/e91 ,mr4 ,durb91
 ,mr4 ,m]kley1 & ,mr4 ,wyd57 introduc$ !
 foll[+ bill2 :i* 0 read twice & ref]r$ 
to ! ,committee on ,bank+1 ,h\s+1 &     
,urban ,affairs  ,a ,,bill  ,to e/abli% 
a ,h\s+ ,assi/ance ,fund at ! ,dep>tm5t 
( ! ,treasury4  #a4 ,h\s+ assi/ance fund
  7a7 ,def9itions ,9 ?is section3 7#a7  
,con=m+ loan limit ,! t]m con=m+ loan   
limit means ! applicable limitation     
gov]n+ ! maximum orig9al pr9cipal       
obligation = a mortgage secur$ by a     
s+le-family resid5ce1 a mortgage secur$ 
by a #b-;family resid5ce1 a mortgage    
secur$ by a #c-;family resid5ce1 or a   
mortgage secur$ by a #d-;family         
resid5ce1 z det]m9$ & adju/$ annually "u

 section #cjb7;b77#b7 ( ! ,f$]al        
,national ,mortgage ,association ,*>t]  
,act 7#ab ,u4,s4,c4 #agag7;b77#b77 &    
section #cje7;a77#b7 ( ! ,f$]al ,home   
,loan ,mortgage ,corporation ,act 7#ab  
,u4,s4,c4 #aded7;a77#b774  7#b7         
,eligible h\sehold ,! t]m eligible      
h\sehold means a h\sehold ^: income does
 n exce$ #aej p]c5t ( ! area m$ian      
income = _! h\sehold size1 z det]m9$ by 
! ,secret>y ( ,h\s+ & ,urban            
,developm5t4  7#c7 ,mortgage ,! t]m     
mortgage means a mortgage-- 7,a7 t is   
secur$ by ! pr9cipal resid5ce ( a       
borr[]2 &  7,b7 ! unpaid pr9cipal       
balance ( :i* 01 at ! "t ( orig9ation1 n
 m ?an ! con=m+ loan limit4  7#d7       
,secret>y ,! t]m ,secret>y means !      
,secret>y ( ! ,treasury4  7#e7 ,/ate ,! 
t]m ,/ate means any ,/ate ( ! ,unit$    
,/ates1 ! ,di/rict ( ,columbia1 any     
t]ritory ( ! ,unit$ ,/ates1 !           
,commonweal? ( ,pu]to ,rico1 ,guam1     
,am]ican ,samoa1 ! ,virg9 ,isl&s1 & !   
,nor!rn ,m>iana ,isl&s4  7b7 ,e/abli%m5t

 ( fund ,!re is e/abli%$ at ! ,dep>tm5t 
( ! ,treasury a ,h\s+ ,assi/ance ,fund  
to provide su* funds z are appropriat$ 9
 subsection 7f7 to ,/ate h\s+ f9ance    
ag5cies & any entity nam$ "u subsection 
7j7 = ! purpose ( prev5t+ home[n]       
mortgage defaults1 =eclosures1 &        
displacem5ts ( individuals & families   
exp]i5c+ f9ancial h>d%ip aft] ,janu>y   
#ba1 #bjbj4  7c7 ,allocation ( funds    
7#a7 ,9 g5]al ,! ,secret>y %all e/abli% 
su* crit]ia z are necess>y to allocate !
 funds available )9 ! ,h\s+ ,assi/ance  
,fund to ea* ,/ate4 ,! ,secret>y %all   
allocate su* funds among all ,/ates tak+
 into consid]ation ! numb] ( unemploym5t
 claims )9 a ,/ate relative to !        
nation-wide numb] ( unemploym5t claims4 
7#b7 ,small /ate m9imum ,ea* ,/ate ( !  
,unit$ ,/ates1 ! ,di/rict ( ,columbia1 &
 ! ,commonweal? ( ,pu]to ,rico %all     
receive no less ?an #bej1jjj1jjj = !    
purposes e/abli%$ 9 7b74  7#c7 ,t]ritory
 set-aside ,not)/&+ any o!r provision ( 
?is section1 ( ! am\nts appropriat$ "u  

subsection 7f71 ! ,secret>y %all res]ve 
#bjj1jjj1jjj to be disburs$ to ,guam1   
,am]ican ,samoa1 ! ,virg9 ,isl&s1 & !   
,nor!rn ,m>iana ,isl&s bas$ on ea* su*  
t]ritory's %>e ( ! comb9$ total         
population ( all su* t]ritories1 z      
det]m9$ by ! ,secret>y4 ,= ! purposes ( 
?is p>agraph1 population %all be det]m9$
 bas$ on ! mo/ rec5t ye> = :i* data are 
available f ! ,unit$ ,/ates ,c5sus      
,bureau4  7#d7 ,tribal set-aside ,!     
,secret>y %all allocate funds to an     
entity designat$ "u subsection 7j7      
pursuant to ! requirem5ts ( t           
subsection4  7d7 ,disbursem5t ( funds   
7#a7 ,initial disbursem5t ,! ,secret>y  
%all disburse to ! ,/ate h\s+ f9ance    
ag5cies & entities designat$ "u         
subsection 7j7 n less ?an #a_/b ( !     
am\nt made available pursuant to ?is    
section1 & 9 accordance ) ! allocations 
e/abli%$ "u subsections 7c7 & 7j71 n    
lat] ?an #abj days aft] ! date (        
enactm5t ( ?is ,act4 ,! ,secret>y or    
designee %all ent] into a contract ) ea*

 ,/ate h\s+ f9ance ag5cy & ea* entity   
designat$ "u subsection 7j71 :i* may be 
am5d$ f "t to "t1 e/abli%+ ! t]ms ( !   
use ( su* funds1 9 accordance )         
subsection 7e71 prior to ! disbursem5t (
 su* funds4  7#b7 ,second disbursem5t ,!
 ,secret>y %all disburse all funds made 
available pursuant to ?is section1 & 9  
accordance ) ! allocations e/abli%$ "u  
subsections 7c7 & 7j71 n lat] ?an #ahj  
days aft] ! date ( enactm5t ( ?is ,act4 
7e7 ,p]missible uses ( fund  7#a7 ,9    
g5]al ,funds made available to ,/ate    
h\s+ f9ance ag5cies & designat$ entities
 "u subsection 7j7 pursuant to ?is      
section may be us$ to assi/ eligible    
h\seholds = ! purposes e/abli%$ "u      
subsection 7b71 :i* may include-- 7,a7  
mortgage paym5t assi/ance2  7,b7        
f9ancial assi/ance to all[ a borr[] to  
re9/ate _! mortgage foll[+ a p]iod (    
=be>ance2  7,c7 pr9cipal r$uction2  7,d7
 paym5t assi/ance =-- 7i7 utilities1    
includ+ electric1 gas1 & wat]2  7ii7    
int]net s]vice1 includ+ broadb& int]net 

access s]vice1 z def9$ 9 section        
#h4a7;b7 ( title #dg1 ,code ( ,f$]al    
,regulations 7or any successor          
regulation72 &  7iii7 prop]ty taxes2    
7,e7 any program e/abli%$ "u ! ,h\s+    
,f9ance ,ag5cy ,innovation ,fund = !    
,h>de/ ,hit ,h\s+ ,m>kets2  7,f7        
reimbursem5t ( funds exp5d$ by a ,/ate  
or local gov]nm5t dur+ ! p]iod beg9n+ on
 ,janu>y #ba1 #bjbj1 & end+ on ! date t 
! fir/ funds are disburs$ by ! ,/ate "u 
! ,h\s+ ,assi/ance ,fund1 = ! purpose ( 
provid+ h\s+ or utility paym5t assi/ance
 to individuals or o!rwise provid+ funds
 to prev5t =eclosure or eviction ( a    
home[n] or t5ant or prev5t mortgage     
del9qu5cy or loss ( h\s+ or utilities z 
a response to ! coronavirus disease     
#bjai 7,,covid-#ai7 p&emic2 &  7,g7 any 
o!r assi/ance to prev5t eviction1       
mortgage del9qu5cy or default1          
=eclosure1 or ! loss ( utility s]vices =
 an eligible h\sehold4  7#b7            
,adm9i/rative exp5ses ,n great] ?an #aj 
p]c5t ( ! am\nt allocat$ to a ,/ate or  

an entity pursuant to subsections 7c7 or
 7j7 may be us$ by a ,/ate h\s+ f9anc+  
ag5cy or an entity = adm9i/rative       
exp5ses4 ,any am\nts allocat$ to        
adm9i/rative exp5ses t are no long]     
necess>y = adm9i/rative exp5ses may be  
us$ 9 accordance ) p>agraph 7#a74  7f7  
,appropriation ,!re is appropriat$1 out 
( am\nts 9 ! ,treasury n o!rwise        
appropriat$1 = ! fiscal ye> end+        
,septemb] #cj1 #bjbj1 to rema9 available
 until exp5d$ or transf]r$ or cr$it$ "u 
subsection 7h7 or subsection 7j71       
#ge1jjj1jjj1jjj to ! ,h\s+ ,assi/ance   
,fund e/abli%$ "u subsection 7b74  7g7  
,use ( h\s+ f9ance ag5cy innovation fund
 = ! h>de/ hit h\s+ m>kets funds ,a     
,/ate h\s+ f9ance ag5cy may reallocate  
any adm9i/rative or programmatic funds x
 has receiv$ z an allocation f ! ,h\s+  
,f9ance ,ag5cy ,innovation ,fund = !    
,h>de/ ,hit ,h\s+ ,m>kets creat$        
pursuant to section #aja7;a7 ( !        
,em]g5cy ,economic ,/abilization ,act ( 
#bjjh 7#ab ,u4,s4,c4 #ebaa7;a77 t h n   

be5 o!rwise allocat$ or disburs$ z ( !  
date ( enactm5t ( ?is ,act to supplem5t 
any adm9i/rative or programmatic funds  
receiv$ f ! ,h\s+ ,assi/ance ,fund4 ,su*
 reallocat$ funds %all n be consid]$ :5 
allocat+ res\rces f ! ,h\s+ ,assi/ance  
,fund us+ ! process e/abli%$ "u         
subsection 7c7 & %all rema9 available = 
! uses p]mitt$ 9 subsection 7e7 & "u !  
t]ms & conditions e/abli%$ by ! contract
 ) ! ,secret>y creat$ pursuant to       
subsection 7d77#a7 & ! t]ms ( subsection
 7h74  7h7 ,rescission ( funds ,any     
funds t h n be5 allocat$ by a ,/ate h\s+
 f9ance ag5cy to provide assi/ance z    
describ$ "u subsection 7e7 by ,decemb]  
#ca1 #bjcj1 %all be reallocat$ by !     
,secret>y 9 ! foll[+ mann]3 7#a7 #fe    
p]c5t %all be transf]r$ or cr$it$ to !  
,h\s+ ,tru/ ,fund e/abli%$ "u section   
#acch ( ! ,f$]al ,h\s+ ,ent]prises      
,f9ancial ,safety & ,s\ndness ,act (    
#aiib 7#ab ,u4,s4,c4 #defh72 &  7#b7 #ce
 p]c5t %all be transf]r$ or cr$it$ to ! 
,capital ,magnet ,fund "u section #acci 

( ! ,f$]al ,h\s+ ,ent]prises ,f9ancial  
,safety & ,s\ndness ,act ( #aiib 7#ab   
,u4,s4,c4 #defi74  7i7 ,report+         
requirem5ts ,! ,secret>y %all provide   
public reports n less frequ5tly ?an     
qu>t]ly reg>d+ ! use ( funds provid$ by 
! ,h\s+ ,assi/ance ,fund4 ,su* reports  
%all include ! foll[+ data by ,/ate or  
entity receiv+ funds pursuant to        
subsection 7j7 & by program )9 ea* ,/ate
 or entity receiv+ funds pursuant to    
subsection 7j71 bo? = ! pa/ qu>t] & = ! 
life ( ! program-- 7#a7 ! am\nt ( funds 
allocat$2  7#b7 ! am\nt ( funds         
disburs$2  7#c7 ! numb] ( h\seholds &   
individuals assi/$2  7#d7 ! acceptance  
rate ( applicants2  7#e7 ! av]age am\nt 
( assi/ance provid$ p] h\sehold receiv+ 
assi/ance2  7#f7 ! av]age l5g? (        
assi/ance provid$ p] h\sehold receiv+   
assi/ance2  7#g7 ! income ranges (      
h\seholds = ea* h\sehold receiv+        
assi/ance2  7#h7 demographic in=mation  
ab\t ea* h\sehold receiv+ assi/ance1    
includ+ race1 e?nicity1 & s]vice memb]  

/atus2 &  7#i7 ! outcome #ab mon?s aft] 
! h\sehold has receiv$ assi/ance4  7j7  
,tribal set-,aside  7#a7 ,def9itions ,9 
?is subsection3 7,a7 ,dep>tm5t (        
hawaiian home l&s ,! t]m ,dep>tm5t (    
,hawaiian ,home ,l&s has ! mean+ giv5 ! 
t]m 9 section #hja ( ! ,native ,am]ican 
,h\s+ ,assi/ance & ,self-,det]m9ation   
,act ( #aiif 7#db ,u4,s4,c4 #dbba74     
7,b7 ,eligible recipi5t ,! t]m eligible 
recipi5t means any entity eligible to   
receive a grant "u section #aja ( !     
,native ,am]ican ,h\s+ ,assi/ance &     
,self-,det]m9ation ,act ( #aiif 7#be    
,u4,s4,c4 #daaa74  7#b7 ,set-aside  7,a7
 ,9 g5]al ,not)/&+ any o!r provision (  
?is section1 ( ! am\nts appropriat$ "u  
subsection 7f71 ! ,secret>y %all use #e 
p]c5t to make grants to eligible        
recipi5ts = ! purposes describ$ 9       
subsection 7e77#a74  7,b7 ,native       
hawaiian set-aside ,( ! funds set aside 
"u subp>agraph 7,a71 ! ,secret>y %all   
use #j4c p]c5t to make grants to !      
,dep>tm5t ( ,hawaiian ,home ,l&s = !    

purposes describ$ 9 subsection 7e77#a74 
7#c7 ,requirem5ts  7,a7 ,allocation     
,except = ! funds set aside "u p>agraph 
7#b77;,b71 ! ,secret>y %all allocate !  
funds set aside "u p>agraph 7#b77;,a7   
us+ ! allocation =mula describ$ 9 subp>t
 ,d ( "p #ajjj ( title #bd1 ,code (     
,f$]al ,regulations 7or successor       
regulations74  7,b7 ,native hawaiians ,!
 ,secret>y %all use ! funds made        
available "u p>agraph 7#b77;,b7 9       
accordance ) "p #ajjf ( title #bd1 ,code
 ( ,f$]al ,regulations 7or successor    
regulations74  7#d7 ,rescission ,!      
,secret>y %all transf] any funds made   
available "u p>agraph 7#b7 t h n be5    
allocat$ by an eligible recipi5t or !   
,dep>tm5t ( ,hawaiian ,home ,l&s1 z     
applicable1 to provide ! assi/ance      
describ$ 9 subsection 7e77#a7 by        
,decemb] #ca1 #bjcj1 to ! ,secret>y (   
,h\s+ & ,urban ,developm5t to c>ry out !
 ,native ,am]ican ,h\s+ ,assi/ance &    
,self-,det]m9ation ,act ( #aiif 7#be    
,u4,s4,c4 #daja et seq474