,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #ajdfe  ,,9 ,,! ,,h\se ,,(         
,,repres5tatives  ,decemb] #ah1         
#bjbd,ms4 ,blunt ,ro*e/] 7= h]self &    
,ms4 ,wat]s7 introduc$ ! foll[+ bill2   
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices1 & 9 addition to !   
,committees on ! ,judici>y1 & ,ways &   
,means1 = 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 /udy ! ne$ =1 & !          
feasibility & co/ (1 e/abli%+ a national
 resid5tial r5tal regi/ry1 & = o!r      
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,"k ,:o ,owns ,y\r ,home   
,act ( #bjbd4  #b4 ,/udy & ,report (    
,national ,resid5tial ,r5tal ,regi/ry   
7a7 ,/udy ,! ,secret>y ( ,h\s+ & ,urban 
,developm5t1 act+ ?r\gh ! ,(fice (      
,policy ,developm5t & ,rese>* & 9       
consultation ) ! ,bureau ( ! ,c5sus ( ! 
,dep>tm5t ( ,comm]ce1 %all conduct a    
/udy ab\t e/abli%+ a national resid5tial

 r5tal regi/ry ( publicly & privately   
own$ resid5tial r5tal prop]ties = !     
purposes ( docum5t+ ! foll[+ 9 a mann] t
 protects p]sonally id5tifiable         
in=mation :5 relevant-- 7#a7 ! sizes (  
su* prop]ties1 :i* %all be measur$ by ! 
numb] ( dwell+ units 9 a prop]ty & !    
numb] ( b$rooms 9 ea* dwell+ unit2  7#b7
 ! locations ( su* prop]ties1 :i* %all  
include ! /reet addresses ( su*         
prop]ties2  7#c7 ! own]%ip ( su*        
prop]ties1 :i* %all include :e!r !      
prop]ty is-- 7,a7 publicly own$         
resid5tial r5tal prop]ty1 :i* t]m %all h
 su* mean+ z ! ,secret>y consid]s       
appropriate = purposes ( ?is section1 b 
:i* %all include-- 7i7 public h\s+ 7z   
su* t]m is def9$ 9 section #c7;b7 ( !   
,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db   
,u4,s4,c4 #adcg;a7b7772  7ii7 h\s+ t    
rema9s publicly own$ = purposes (       
relocation & replacem5t ( h\s+ units t  
are demoli%$ or dispos$ ( pursuant to   
section #ah ( ! ,unit$ ,/ates ,h\s+ ,act
 ( #aicg 7#db ,u4,s4,c4 #adcgp72  7iii7 

mix$-f9ance projects )9 ! mean+ giv5 su*
 t]m 9 section #ce ( ! ,unit$ ,/ates    
,h\s+ ,act ( #aicg 7#db ,u4,s4,c4       
#adcgz-#g72  7iv7 h\s+ assi/$ "u !      
,,home ,inve/m5t ,p>tn]%ips program "u  
title ,,ii ( ! ,cran/on-,gonzalez       
,national ,af=dable ,h\s+ ,act 7#db     
,u4,s4,c4 #abgba et seq472  7v7 h\s+    
assi/$ "u ,,aids ,h\s+ ,opportunities   
program "u subtitle ,d ( title ,,viii ( 
! ,cran/on-,gonzalez ,national ,af=dable
 ,h\s+ ,act 7#db ,u4,s4,c4 #abija et    
seq472 &  7vi7 h\s+ own$ or controll$ by
 any ,/ate or locality2 or  7,b7        
privately own$ resid5tial r5tal prop]ty1
 includ+ own]-occupi$ prop]ties1 :i* t]m
 %all h su* mean+ z ! ,secret>y consid]s
 appropriate = purposes ( ?is section1 b
 :i* %all include-- 7i7 h\s+ = :i* r5tal
 assi/ance is provid$ "u section #h ( ! 
,unit$ ,/ates ,h\s+ ,act ( #aicg 7#db   
,u4,s4,c4 #adcg;f72  7ii7 any prop]ty t 
has a ,f$]ally back$ mortgage loan or   
,f$]ally back$ multifamily mortgage     
loan2  7iii7 any h\s+ project = :i*     

assi/ance has be5 conv]t$ "u ! r5tal    
assi/ance demon/ration program "u !     
head+ ,r5tal ,assi/ance ,demon/ration 9 
title ,,ii ( ! ,transportation1 ,h\s+ & 
,urban ,developm5t1 & ,relat$ ,ag5cies  
,appropriations ,act1 #bjab 7division ,c
 ( ,public ,law #aab-ee2 #abe ,/at4     
#fgc72 &  7iv7 any o!r r5tal assi/ance  
program & h\s+ own$ "u a jo9t           
public-private p>tn]%ip /ructure2  7#d7 
:e!r ! prop]ty receives ,f$]al or ,/ate 
tax cr$its or subsidies1 or is o!rwise  
assi/$ "u a ,f$]al1 ,/ate1 or local h\s+
 program2  7#e7 :e!r ! prop]ty is       
subject to ,f$]al1 ,/ate1 or local use  
re/rictions relat+ to af=dability2  7#f7
 9 ! case ( a prop]ty receiv+ !         
l[-income h\s+ tax cr$it "u section #db 
( ! ,int]nal ,rev5ue ,code ( #aihf1 !   
zon+ hi/ory ( su* prop]ty to ! ext5t    
publicly available1 :i* %all include    
:e!r or n re-zon+ 0 requir$ = its       
developm5t2  7#g7 unless a prop]ty is   
own]-occupi$1 ! id5tity ( ! own] ( !    
prop]ty1 :i* %all include-- 7,a7 !      

id5tity ( ! ultimate b5eficial own] or  
own]s1 includ+ p]sons :o ex]cise        
effective control ( ! prop]ty1 & ! mann]
 9 :i* own]%ip is /ructur$2  7,b7 :e!r  
su* own] is "p ( a limit$ liability     
company or l>ge inve/or1 :i* t]ms %all h
 su* mean+ z ! ,secret>y consid]s       
appropriate = purposes ( ?is section1   
except t ! ,secret>y %all consid] :e!r  
def9+ z a l>ge inve/or any p]son or     
entity t own #ej or m r5tal dwell+ units
 is appropriate = purposes ( ?is        
section2 &  7,c7 in=mation reg>d+       
contact+ ! own]s 9 _! capacity z own]s1 
includ+ bus9ess electronic mail         
addresses & bus9ess phone numb]s2  7#h7 
! id5tity ( ! manag]1 lessee1 or o!r    
p]son or entity hav+ legal au?ority to  
lease dwell+ units 9 ! prop]ty & contact
 in=mation reg>d+ su* p]son or entity1  
includ+ electronic mail addresses &     
phone numb]s2  7#i7 ! contact in=mation 
reg>d+ a local em]g5cy contact 9 ! ev5t 
! own] _c be rea*$1 su* z = a prop]ty   
manag]1 includ+ electronic mail         

addresses & phone numb]s2  7#aj7 !      
av]age mon?ly r5t = dwell+ units 9 ea*  
prop]ty1 disaggregat$ by ! size ( !     
unit1 z measur$ by ! numb] ( b$rooms 9 !
 unit1 = ea* ye> t ! regi/ry is ma9ta9$2
  7#aa7 ! accessibility ( ! dwell+ units
 & ! public & common use areas at !     
prop]ty1 z requir$ "u titles ,,ii &     
,,iii ( ! ,am]icans ) ,disabilities ,act
 ( #aiij 7#db ,u4,s4,c4 #abaca et seq471
 section #ejd ( ! ,rehabilitation ,act (
 #aigc 7#bi ,u4,s4,c4 #gid71 ! ,fair    
,h\s+ ,act 7#db ,u4,s4,c4 #cfja et      
seq471 & any o!r applicable law2  7#ab7 
to ! degree practicable1 ! age ( !      
prop]ty2  7#ac7 ! types ( utility       
connections & :e!r ! utility is         
ma/]-met]$ = ! prop]ty or sub-met]$ =   
ea* unit1 & :e!r ! own] or t5ant is     
responsible = utility *>ges2  7#ad7 to !
 degree practicable1 an analysis ( !    
effects ( try+ to collect av]age mon?ly 
utility co/s = ! dwell+ units 9 !       
prop]ty2 &  7#ae7 in=mation relat$ to   
fair h\s+ & civil rights1 includ+ :e!r !

 prop]ty is locat$ 9 a racially or      
e?nically conc5trat$ area1 includ+      
racially or e?nically conc5trat$ areas (
 pov]ty4  7b7 ,elem5ts ,9 conduct+ !    
/udy "u subsection 7a71 ! ,secret>y     
%all-- 7#a7 analyze & assess-- 7,a7 !   
ne$ = e/abli%+ a national resid5tial    
r5tal regi/ry2  7,b7 ! feasibility (    
e/abli%+ & ma9ta9+ su* a regi/ry2  7,c7 
! co/ ( e/abli%+ su* a regi/ry2  7,d7 ! 
necessity ( additional data %>+ betwe5  
ag5cies2  7,e7 any privacy              
consid]ations2  7,f7 any b5efits to     
t5ants1 gov]nm5ts1 & l&lords2 &  7,g7   
any pot5tial b5efits to exi/+ data      
collection ef=ts by ! ,dep>tm5t ( ,h\s+ 
& ,urban ,developm5t2  7#b7 id5tify !   
types & ext5t ( exi/+ r5tal in=mation   
collect$ & available & any gaps 9 !     
availability ( su* in=mation2  7#c7     
consid] & recomm5d :e!r own]s %\ld      
regi/] new r5tal prop]ties to ! regi/ry 
)9 #cj to #fj days1 or "s o!r p]iod1    
aft] initial entry or regi/ration ( a   
prop]ty to ! r5tal m>ket & appropriate  

"t p]iods = regi/ration to ! regi/ry (  
*anges 9 own]%ip ( r5tal prop]ties2     
7#d7 consid] & recomm5d data collection 
me?ods1 self-report+ me?ods1 &          
opportunities = %>+ data ) ! ,dep>tm5t (
 ! ,treasury2  7#e7 consid] & recomm5d  
:e!r in=mation 9 ! regi/ry %\ld be      
updat$ annually or at "s o!r frequ5cy2  
7#f7 consid] & recomm5d means to engage 
,/ate & local gov]nm5ts 9 ensur+ t      
prop]ty own]s regi/] _! r5tal prop]ties 
to ! regi/ry & update su* in=mation1 su*
 z by ga!r+ in=mation & en=c+ data      
collection ?r\gh-- 7,a7 prop]ty         
inspections2  7,b7 local r5tal          
regi/ries2  7,c7 c]tificates (          
occupancy2 &  7,d7 build+ p]mits2  7#g7 
develop a me?odology to id5tify r5tal   
prop]ties t m]it additional att5tion1   
su* z resid5tial r5tal prop]ties t--    
7,a7 receive a ,f$]al or ,/ate tax cr$it
 or o!r subsidy or assi/ance1 or is     
subject to af=dability-relat$ use       
re/rictions1 t are expir+ )9 #e ye>s2   
7,b7 h t5ants :o are exp]i5c+-- 7i7     

significant r5t increases 9 an am\nt (  
#e p]c5t or m ( ! previ\s r5t1 or su*   
o!r p]c5tage z ! ,secret>y consid]s     
appropriate = purposes ( ?is section2 or
  7ii7 frequ5t r5t increases occurr+    
twice or m (t5 )9 any #ab-mon? p]iod or 
occurr+ ) su* o!r frequ5cy z ! ,secret>y
 consid]s appropriate = purposes ( ?is  
section2  7,c7 use t5ant scre5+ scores &
 reports1 or price sett+ algori?ms1     
provid$ by ?ird p>ties2  7,d7 h         
habitability issues2  7,e7 h fair h\s+  
or civil rights compla9ts or violations2
 &  7,f7 h any o!r su* indicator z !    
,secret>y may provide2  7#h7 consid] !  
impact ( ! r5tal regi/ry on public h\s+ 
ag5cies & p]sons :o reside 9 public h\s+
 projects2  7#i7 consid] & recomm5d !   
products t may be produc$ or us$1 if    
any1 to access or cond5se ! regi/ry's   
in=mation1 su* z a us]-fri5dly map &    
database1 & h[ to ensure all products   
are accessible = individuals )          
disabilities & p]sons ) limit$ ,engli%  
pr(ici5cy2  7#aj7 evaluate & recomm5d   

education & outrea* me?ods t may be     
necess>y to engage prop]ty own]s :o h   
small] portfolios or t own & op]ate few]
 units to regi/] ) ! regi/ry2  7#aa7    
evaluate & recomm5d education & outrea* 
me?ods t may be necess>y to engage own]s
 ( r5tal manufactur$ h\s+ units & own]s 
( r5tal lots = manufactur$ h\s+ units to
 regi/] ) ! regi/ry2 &  7#ab7 consid] & 
recomm5d me?ods ( validat+ & v]ify+     
in=mation submitt$ to ! regi/ry &       
p5alties = non-compliance ) proc$ures & 
requirem5ts relat+ to ! regi/ry4  7c7   
,report ,n lat] ?an #bgj days aft] !    
date ( ! enactm5t ( ?is section1 !      
,secret>y %all submit a report to !     
,congress conta9+ ! results &           
conclusions ( su* /udy1 & %all make su* 
report available on a public website ( !
 ,dep>tm5t4  7d7 ,au?orization (        
appropriations ,!re are au?oriz$ to be  
appropriat$ su* sums z may be necess>y  
to c>ry out ?is section4  7e7           
,def9itions ,9 ?is ,act3 7#a7 ,f$]ally  
,back$ ,mortgage ,loan ,! t]m ,f$]ally  

back$ mortgage loan includes any loan   
7o!r ?an tempor>y f9anc+ su* z a        
con/ruction loan7 t-- 7,a7 is secur$ by 
a fir/ or subord9ate li5 on resid5tial  
real prop]ty 7includ+ individual units (
 condom9iums & coop]atives7 design$     
pr9cipally = ! occupancy ( f #a to #d   
families1 includ+ any su* secur$ loan1 !
 proce$s ( :i* are us$ to prepay or pay 
(f an exi/+ loan secur$ by ! same       
prop]ty2 &  7,b7 is made 9 :ole or 9 "p1
 or insur$1 gu>ante$1 supplem5t$1 or    
assi/$ 9 any way1 by any (fic] or ag5cy 
( ! ,f$]al ,gov]nm5t or "u or 9         
connection ) a h\s+ or urban developm5t 
program adm9i/]$ by ! ,secret>y ( ,h\s+ 
& ,urban ,developm5t or a h\s+ or relat$
 program adm9i/]$ by any o!r su* (fic]  
or ag5cy1 or is pur*as$ or securitiz$ by
 ! ,f$]al ,home ,loan ,mortgage         
,corporation or ! ,f$]al ,national      
,mortgage ,association4  7#b7 ,f$]ally  
,back$ ,multifamily ,mortgage ,loan ,!  
t]m ,f$]ally back$ multifamily mortgage 
loan includes any loan 7o!r ?an tempor>y

 f9anc+ su* z a con/ruction loan7 t--   
7,a7 is secur$ by a fir/ or subord9ate  
li5 on resid5tial multifamily real      
prop]ty design$ pr9cipally = ! occupancy
 ( #e or m families1 includ+ any su*    
secur$ loan1 ! proce$s ( :i* are us$ to 
prepay or pay (f an exi/+ loan secur$ by
 ! same prop]ty2 &  7,b7 is made 9 :ole 
or 9 "p1 or insur$1 gu>ante$1           
supplem5t$1 or assi/$ 9 any way1 by any 
(fic] or ag5cy ( ! ,f$]al ,gov]nm5t or  
"u or 9 connection ) a h\s+ or urban    
developm5t program adm9i/]$ by !        
,secret>y ( ,h\s+ & ,urban ,developm5t  
or a h\s+ or relat$ program adm9i/]$ by 
any o!r su* (fic] or ag5cy1 or is       
pur*as$ or securitiz$ by ! ,f$]al ,home 
,loan ,mortgage ,corporation or ! ,f$]al
 ,national ,mortgage ,association4  7#c7
 ,secret>y ,! t]m ,secret>y means !     
,secret>y ( ,h\s+ & ,urban ,developm5t4