,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #degb  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #ba1 #bjbe,mr4  
,neguse introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to repeal ! qualifi$     
contract exception to ! ext5d$ l[-income
 h\s+ commitm5t rules = purposes ( !    
l[-income h\s+ cr$it1 & = o!r purposes4 
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,save ,af=dable ,h\s+ ,act ( #bjbe4   
#b4 ,repeal ( qualifi$ contract option  
7a7 ,t]m9ation ( option = c]ta9 build+s 
7#a7 ,9 g5]al ,subclause 7,,ii7 (       
section #db7;h77#f77;,e77i7 ( ! ,int]nal
 ,rev5ue ,code ( #aihf is am5d$ by      
ins]t+ 9 ! case ( a build+ describ$ 9   
clause 7iii71 be=e on ! la/ day4  7#b7  
,build+s describ$ ,subp>agraph 7,e7 (   
section #db7;h77#f7 ( su* ,code is am5d$
 by add+ at ! end ! foll[+ new clause3  
7iii7 ,build+s describ$ ,a build+       
describ$ 9 ?is clause is a build+--     
7,i7 :i* receiv$ its allocation ( h\s+  

cr$it doll> am\nt be=e ,janu>y #a1      
#bjbe1 or  7,,ii7 9 ! case ( a build+   
any portion ( :i* is f9anc$ z describ$ 9
 p>agraph 7#d7 & :i* receiv$ be=e       
,janu>y #a1 #bjbe1 "u ! rules (         
p>agraphs 7#a7 & 7#b7 ( subsection 7m71 
a det]m9ation f ! issu] ( ! tax-exempt  
bonds or ! h\s+ cr$it ag5cy t ! build+  
w\ld be eligible "u ! qualifi$          
allocation plan to receive an allocation
 ( h\s+ cr$it doll> am\nt or t ! cr$its 
to be e>n$ are necess>y = f9ancial      
feasibility ( ! project & its viability 
z a qualifi$ l[-income h\s+ project     
?r\gh\t ! cr$it p]iod4  4  7b7 ,rules   
relat+ to exi/+ projects ,subp>agraph   
7,f7 ( section #db7;h77#f7 ( ! ,int]nal 
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
! nonl[-income portion & all t foll[s & 
ins]t+ ! nonl[-income portion & !       
l[-income portion ( ! build+ = fair     
m>ket value 7det]m9$ by ! h\s+ cr$it    
ag5cy by tak+ into acc\nt ! r5t         
re/rictions requir$ = ! l[-income       
portion ( ! build+ to cont9ue to meet ! 

/&>ds ( p>agraphs 7#a7 & 7#b7 (         
subsection 7g774 ,! ,secret>y %all      
prescribe su* regulations z may be      
necess>y or appropriate to c>ry out ?is 
p>agraph44  7c7 ,con=m+ am5dm5ts  7#a7  
,p>agraph 7#f7 ( section #db7;h7 ( !    
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ subp>agraph 7,g7 & by          
r$esignat+ subp>agraphs 7,h71 7,i71     
7,j71 & 7,k7 z subp>agraphs 7,g71 7,h71 
7,i71 & 7,j71 respectively4  7#b7       
,subclause 7,,ii7 ( section             
#db7;h77#f77;,e77i7 ( su* ,code1 z am5d$
 by subsection 7a71 is fur!r am5d$ by   
/rik+ subp>agraph 7,i7 & ins]t+         
subp>agraph 7,h74  7d7 ,te*nical am5dm5t
 ,subp>agraph 7,i7 ( section #db7;h77#f7
 ( ! ,int]nal ,rev5ue ,code ( #aihf1 z  
r$esignat$ by subsection 7c71 is am5d$  
by /rik+ agreem5t & ins]t+ commitm5t4   
7e7 ,effective date  7#a7 ,9 g5]al      
,except z provid$ 9 p>agraph 7#b71 !    
am5dm5ts made by ?is section %all take  
effect on ! date ( ! enactm5t ( ?is     
,act4  7#b7 ,rules relat+ to exi/+      

projects ,! am5dm5ts made by subsection 
7b7 %all apply to build+s ) respect to  
:i* a writt5 reque/ describ$ 9 section  
#db7;h77#f77;,h7 ( ! ,int]nal ,rev5ue   
,code ( #aihf1 z r$esignat$ by          
subsection 7c71 is submitt$ aft] ! date 
( ! enactm5t ( ?is ,act4