,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #fjjh  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,novemb] #aj1         
#bjbe,mr4 ,h>d] ( ,cali=nia introduc$ ! 
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,f9ancial ,s]vices  ,a    
,,bill  ,to e/abli% a task =ce to       
conduct ov]sight ( ,/ates ) ris+ h\s+   
co/s & develop a li/ ( be/ practices =  
,/ates to implem5t1 & = o!r purposes4   
#a4 ,%ort title  ,?is ,act may be cit$ z
 ! ,br+ ,d[n ,h\s+ ,co/s ,act4  #b4     
,e/abli%m5t ( task =ce on br++ d[n h\s+ 
co/s  ,! ,secret>y ( ,h\s+ & ,urban     
,developm5t %all e/abli% a task =ce to  
be kn[n z ! ,task ,=ce on ,br++ ,d[n    
,h\s+ ,co/s 79 ?is ,act ref]r$ to z !   
,task ,=ce74  #c4 ,duties ( ! task =ce  
7a7 ,duties ,! ,task ,=ce %all-- 7#a7   
conduct ov]sight ( ,/ates ) ris+ h\s+   
co/s2  7#b7 n lat] ?an "o ye> aft]      
conduct+ an initial meet+ "u section    
#c7;h71 id5tify ,/ates ) ris+ h\s+ co/s 
& develop be/ practices = su* ,/ates to 
address ris+ h\s+ co/s2  7#c7 develop a 

report bas$ on ! be/ practices id5tifi$ 
"u p>agraph 7#b72  7#d7 recomm5d t      
,/ates id5tifi$ "u p>agraph 7#b7        
implem5t ^! be/ practices develop$ "u   
p>agraph 7#b72 &  7#e7 monitor !        
implem5tation & effectiv5ess ( ! be/    
practices develop$ "u p>agraph 7#b7 9   
,/ates ) ris+ h\s+ co/s4  #d4 ,memb]%ip 
7a7 ,numb] & appo9tm5t ,! ,task ,=ce    
%all be compos$ ( #ba memb]s z foll[s3  
7#a7 ,two memb]s ( ! ,s5ate1 includ+--  
7,a7 "o memb] on ! ,s5ate ,committee on 
,bank+1 ,h\s+1 & ,urban ,affairs2 &     
7,b7 "o memb] on ! ,s5ate               
,appropriations ,subcommittee on        
,transportation1 ,h\s+ & ,urban         
,developm5t1 & ,relat$ ,ag5cies4  7#b7  
#ab memb]s ( ! ,h\se ( ,repres5tatives1 
includ+-- 7,a7 "o memb] :o repres5ts    
,,hud ,region ,i2  7,b7 "o memb] :o     
repres5ts ,,hud ,region ,,ii2  7,c7 "o  
memb] :o repres5ts ,,hud ,region ,,iii2 
7,d7 "o memb] :o repres5ts ,,hud ,region
 ,,iv2  7,e7 "o memb] :o repres5ts ,,hud
 ,region ,v2  7,f7 "o memb] :o repres5ts

 ,,hud ,region ,,vi2  7,g7 "o memb] :o  
repres5ts ,,hud ,region ,,vii2  7,h7 "o 
memb] :o repres5ts ,,hud ,region ,,viii2
  7,i7 "o memb] :o repres5ts ,,hud      
,region ,,ix2  7,j7 "o memb] :o         
repres5ts ,,hud ,region ,x2  7,k7 "o    
memb] f ! ,h\se ,f9ancial ,s]vices      
,committee2 &  7,l7 "o memb] f ! ,h\se  
,appropriations ,subcommittee on        
,transportation1 ,h\s+ & ,urban         
,developm5t1 & ,relat$ ,ag5cies4  7b7 ,a
 designee ( ! ,secret>y ( ,h\s+ & ,urban
 ,developm5t4  7c7 ,a designee ( !      
,director ( ! ,f$]al ,h\s+ ,f9ance      
,ag5cy4  7d7 ,a designee ( !            
,adm9i/rator ( ! ,u4,s4 ,dep>tm5t (     
,agriculture ,rural ,h\s+ ,s]vice4  7e7 
,two memb]s f local community           
organizations impact$ by1 or t provide  
res\rces or relief to individuals       
impact$ by1 ris+ h\s+ co/s4  7f7 ,two   
repres5tatives ( private sector         
entities1 includ+--  7#a7 "o            
repres5tative f a private sector entity 
) exp]tise navigat+ local zon+          

regulations to build h\s+2 &  7#b7 "o   
repres5tative f a private sector entity 
) exp]tise provid+ f9ancial products to 
build h\s+4  7g7 ,*airp]son2 ,vice      
,*airp]son ,! ,*airp]son & ,vice        
,*airp]son ( ! ,task ,=ce %all be elect$
 by ! memb]s ( ! ,task ,=ce4  7h7       
,meet+s ,! ,task ,=ce %all meet "o mon? 
aft] ! enactm5t ( ?is ,act1 & on a      
qu>t]ly basis !reaft]1 until ! report   
requir$ "u section #d is complete4  #e4 
,report ,n lat] ?an "o ye> & ye>ly      
!reaft] until ! ,task ,=ce t]m9at$ "u   
section #e1 ! ,task ,=ce %all submit !  
report requir$ "u section #b to-- 7#a7 !
 ,gov]nors ( ,/ates ) ris+ h\s+ co/s2   
7#b7 ! ,secret>y ( ,h\s+ & ,urban       
,developm5t2  7#c7 ! ,director ( !      
,f$]al ,h\s+ ,f9ance ,ag5cy2  7#d7 !    
,commission] ( ! ,f$]al ,h\s+           
,adm9i/ration2  7#e7 ! ,"u ,secret>y = !
 ,u4,s4 ,dep>tm5t ( ,agriculture ,rural 
,developm5t2  7#f7 ! ,committee on      
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives2  7#g7 ! ,committee on  

,appropriations ( ! ,h\se (             
,repres5tatives2  7#h7 ! ,committee on  
,bank+1 ,h\s+ & ,urban ,affairs ( !     
,s5ate2 &  7#i7 ! ,committee on         
,appropriations ( ! ,s5ate4  #f4        
,t]m9ation ,?is ,task ,=ce %all t]m9ate 
five ye>s aft] ! date ( ! enactm5t ( ?is
 ,act4  #g4 ,/ates ) ris+ h\s+ co/s     
def9$ ,9 ?is ,act1 ! t]m ,/ates ) ris+  
h\s+ co/s means ,/ates :i* h a          
ye>-ov]-ye> increase 9 m$ian exi/+ home 
prices z collect$ by ! ,assi/ant        
,secret>y ( ! ,(fice ( ,policy          
,developm5t & ,rese>* at ! ,dep>tm5t (  
,h\s+ & ,urban ,developm5t4