H.R. 8599 — Introduced in House

I 117th CONGRESS 2d Session H. R. 8599 IN THE HOUSE OF REPRESENTATIVES July 29, 2022Mrs. Beatty introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to adjust the affordable housing allocations. 1. Short titles This Act may be cited as the Generating Resources and Opportunities Within Affordable Housing Act or the GROW Affordable Housing Act. 2. Affordable housing allocations Section 1337(a) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4567(a)) is amended by striking 4.2 basis points each place such term appears and inserting 10 basis points.