I 

113TH CONGRESS 

1ST SESSION H. R. 2339 

To facilitate affordable workforce homeownership in, and develop the fulltime resident communities of, high tourism areas, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

JUNE 12, 2013 

Mr. POLIS introduced the following bill; which was referred to the Committee 

on Financial Services, and in addition to the Committee on Energy and 

Commerce, for a period to be subsequently determined by the Speaker, 

in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned 

A BILL 

To facilitate affordable workforce homeownership in, and develop the full-time resident communities of, high tourism 

areas, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Affordable Housing 

5 Regulation Simplification Act of 2013’’. 


pwalker on DSK7TPTVN1PROD with BILLS
2 

•HR 2339 IH

1 SEC. 2. INAPPLICABILITY OF CERTAIN FANNIE MAE AND 

2 FREDDIE MAC GUIDELINES TO AFFORDABLE 

3 WORKFORCE HOUSING MORTGAGES. 

4 (a) FANNIE MAE.—Subsection (b) of section 302 of 

5 the Federal National Mortgage Association Charter Act 

6 (12 U.S.C. 1717(b)) is amended by adding at the end the 

7 following new paragraph: 

8 ‘‘(7) MORTGAGES FOR AFFORDABLE WORKFORCE

9 HOUSING.— 

10 ‘‘(A) EXEMPTIONS FROM GUIDELINES.—Not11 withstanding any other provision of law— 

12 ‘‘(i) the corporation may purchase, service, 

13 sell, lend on the security of, and otherwise deal 

14 in any affordable workforce housing mortgage; 

15 and 

16 ‘‘(ii) any requirements and guidelines of 

17 the corporation that are inconsistent with the 

18 authority under clause (i) shall not apply to any 

19 affordable workforce housing mortgage. 

20 ‘‘(B) AFFORDABLE WORKFORCE HOUSING

21 MORTGAGES.—For purposes of this paragraph, the 

22 term ‘affordable workforce housing mortgage’ means 

23 a mortgage that meets the following requirements: 

24 ‘‘(i) PROPERTY.—The mortgage shall be 

25 made for the purchase of, and secured by, a 

26 one-family residence that— 


pwalker on DSK7TPTVN1PROD with BILLS
3 

•HR 2339 IH

1 ‘‘(I) shall be used as the residence of 

2 the mortgagor for not less than 8 of any 

3 12 months and 240 days of any 365 days; 

4 ‘‘(II) is located within or is part of a 

5 multifamily housing development— 

6 ‘‘(aa) that consists of 5 or more 

7 dwelling units or a mixed-use develop8 ment that is not less than 50 percent 

9 residential, as defined in the legal de10 scription of the property in the pur11 chase contract or mortgage or title 

12 documents relating to such purchase, 

13 or, if the development is less than 50 

14 percent residential, has been granted 

15 an exception by the corporation; 

16 ‘‘(bb) of which not less than 25 

17 percent of the dwelling units in the 

18 development are owner-occupied; ex19 cept that the requirement under this 

20 item shall be considered to be com21 plied with, with respect to a develop22 ment, unless verifiable public records 

23 indicate an owner-occupancy rate for 

24 the development of less than 25 per25 cent; 


pwalker on DSK7TPTVN1PROD with BILLS
4 

•HR 2339 IH

1 ‘‘(cc) that provides individual, 

2 centralized, or any other method of 

3 metering for energy use of the con4 stituent dwelling units; 

5 ‘‘(dd) that may include dwelling 

6 units that are used for the sole pur7 pose of short-term rentals and may 

8 provide such services as a staffed 

9 front desk, a concierge, or other 

10 amenities consistent with providing 

11 customer service for non-owner occu12 pied or short-term rental units in the 

13 development, including marketing that 

14 describes the property as a lodge, re15 sort, or other similar facility; and 

16 ‘‘(ee) of which, if at least 50 per17 cent of the total units are under con18 tract for owner-occupancy, not more 

19 than 50 percent of the total dwelling 

20 units are owned by the same investor; 

21 and any multifamily housing development 

22 that otherwise complies with the require23 ments under this subclause may not be 

24 considered ineligible because the develop25 ment or any portion of the development is 


pwalker on DSK7TPTVN1PROD with BILLS
5 

•HR 2339 IH

1 called or referred to as a ‘condotel’, ‘condo2 hotel’, ‘lodge’, or any other title; 

3 ‘‘(III) is subject to resale restrictions 

4 that— 

5 ‘‘(aa) are recorded with the ap6 propriate public registry for recording 

7 of titles and interests in real estate; 

8 and 

9 ‘‘(bb) terminate upon foreclosure 

10 or execution of any deed-in-lieu-of11 foreclosure; and 

12 ‘‘(IV) is located in an area that, at 

13 the time of the origination of the mort14 gage, is a high tourism area. 

15 ‘‘(ii) MORTGAGOR INCOME.—The house16 hold of the mortgagor shall have a gross house17 hold income— 

18 ‘‘(I) that does not exceed 160 percent 

19 of the area median income, as determined 

20 and updated by the Secretary of Housing 

21 and Urban Development or the Director of 

22 the Federal Housing Finance Agency on 

23 an annual basis; and 

24 ‘‘(II) not less than 75 percent of 

25 which is earned from positions the disVerDate Mar 15 2010 01:14 Jun 19, 2013 Jkt 029200 PO 00000 Frm 00005 Fmt 6652 Sfmt 6201 E:\BILLS\H2339.IH H2339

pwalker on DSK7TPTVN1PROD with BILLS
6 

•HR 2339 IH

1 charge of whose duties involved physical 

2 presence in one or more high tourism 

3 areas. 

4 ‘‘(iii) EMPLOYMENT.—The mortgagor or 

5 another member of the mortgagor’s house6 hold— 

7 ‘‘(I) has been employed, during the 6- 

8 month period ending upon execution of the 

9 mortgage, in a position or multiple posi10 tions the discharge of whose duties in11 volved physical presence in one or more 

12 high tourism areas, in the aggregate, for 

13 an average of not less than 30 hours per 

14 weeks; 

15 ‘‘(II) is employed at the time of the 

16 execution of the mortgage in a position or 

17 multiple positions the discharge of whose 

18 duties involve physical presence in one or 

19 more high tourism areas, in the aggregate, 

20 for an average of not less than 30 hours 

21 per week and the duration of such employ22 ment in such position is expected to last at 

23 least 6 months; 

24 ‘‘(III) is 60 years of age or older and, 

25 during the 5-year period ending up the 


pwalker on DSK7TPTVN1PROD with BILLS
7 

•HR 2339 IH

1 mortgagor’s retirement from employment 

2 was employed in a position or positions the 

3 discharge of whose duties involved physical 

4 presence in one or more high tourism areas 

5 for— 

6 ‘‘(aa) an average of not less than 

7 30 hours per week; and 

8 ‘‘(bb) for not less than 8 months 

9 per year; 

10 ‘‘(IV) is a person with disabilities (as 

11 such term is defined in section 811(k) of 

12 the Cranston-Gonzalez National Affordable 

13 Housing Act (42 U.S.C. 8013)) who— 

14 ‘‘(aa) was employed, during the 

15 2-year period ending upon becoming 

16 disabled, in a position or positions de17 scribed in subclause (I) or (II); or 

18 ‘‘(bb) is employed in a position or 

19 positions described in subclause (I) or 

20 (II), except that the 30-hour require21 ment under such subclauses shall not 

22 apply to such person if— 

23 ‘‘(AA) compliance with such 

24 requirement would make such 

25 person ineligible for benefits 


pwalker on DSK7TPTVN1PROD with BILLS
8 

•HR 2339 IH

1 made available for persons with 

2 disabilities through a program of 

3 any State agency for develop4 mental disabilities or through the 

5 supplemental security income 

6 program under title XVI of the 

7 Social Security Act; and 

8 ‘‘(BB) such person works 

9 the maximum number of hours 

10 per week allowable for eligibility 

11 for benefits under such program; 

12 or 

13 ‘‘(V) is the head of household in a 

14 household that includes one or more de15 pendents, at least one of whom is at the 

16 time of the execution of the mortgage 5 

17 years of age or younger or is enrolled full18 time in a school in a high tourism area. 

19 ‘‘(iv) CONFORMING LOAN.—The original 

20 principal obligation of the mortgage shall com21 ply with the applicable dollar amount limita22 tions established pursuant to paragraph (2). 

23 ‘‘(C) HIGH TOURISM AREA.—For purposes of 

24 this paragraph, the term ‘high tourism area’ means 

25 any county that is designated as a high tourism 


pwalker on DSK7TPTVN1PROD with BILLS
9 

•HR 2339 IH

1 county pursuant to section 5 of the Affordable 

2 Housing Regulation Simplification Act of 2013.’’. 

3 (b) FREDDIE MAC.—Subsection (a) of section 305 of 

4 the Federal Home Loan Mortgage Corporation Act (12 

5 U.S.C. 1454(a)) is amended by adding at the end the fol6 lowing new paragraph: 

7 ‘‘(6) MORTGAGES FOR AFFORDABLE WORKFORCE

8 HOUSING.— 

9 ‘‘(A) EXEMPTIONS FROM GUIDELINES.—Not10 withstanding any other provision of law— 

11 ‘‘(i) the Corporation may purchase, service, 

12 sell, lend on the security of, and otherwise deal 

13 in any affordable workforce housing mortgage; 

14 and 

15 ‘‘(ii) any requirements and guidelines of 

16 the Corporation that are inconsistent with the 

17 authority under clause (i) shall not apply to any 

18 affordable workforce housing mortgage. 

19 ‘‘(B) AFFORDABLE WORKFORCE HOUSING

20 MORTGAGES.—For purposes of this paragraph, the 

21 term ‘affordable workforce housing mortgage’ means 

22 a mortgage that meets the following requirements: 

23 ‘‘(i) PROPERTY.—The mortgage shall be 

24 made for the purchase of, and secured by, a 

25 one-family residence that— 


pwalker on DSK7TPTVN1PROD with BILLS
10 

•HR 2339 IH

1 ‘‘(I) shall be used as the residence of 

2 the mortgagor for not less than 8 of any 

3 12 months and 240 days of any 365 days; 

4 ‘‘(II) is located within or is part of a 

5 multifamily housing development— 

6 ‘‘(aa) that consists of 5 or more 

7 dwelling units or a mixed-use develop8 ment that is not less than 50 percent 

9 residential, as defined in the legal de10 scription of the property in the pur11 chase contract or mortgage or title 

12 documents relating to such purchase, 

13 or, if the development is less than 50 

14 percent residential, has been granted 

15 an exception by the Corporation; 

16 ‘‘(bb) of which not less than 25 

17 percent of the dwelling units in the 

18 development are owner-occupied; ex19 cept that the requirement under this 

20 item shall be considered to be com21 plied with, with respect to a develop22 ment, unless verifiable public records 

23 indicate an owner-occupancy rate for 

24 the development of less than 25 per25 cent; 


pwalker on DSK7TPTVN1PROD with BILLS
11 

•HR 2339 IH

1 ‘‘(cc) that provides individual, 

2 centralized, or any other method of 

3 metering for energy use of the con4 stituent dwelling units; 

5 ‘‘(dd) that may include dwelling 

6 units that are used for the sole pur7 pose of short-term rentals and may 

8 provide such services as a staffed 

9 front desk, a concierge, or other 

10 amenities consistent with providing 

11 customer service for non-owner occu12 pied or short-term rental units in the 

13 development, including marketing that 

14 describes the property as a lodge, re15 sort, or other similar facility; and 

16 ‘‘(ee) of which, if at least 50 per17 cent of the total units are under con18 tract for owner-occupancy, not more 

19 than 50 percent of the total dwelling 

20 units are owned by the same investor; 

21 and any multifamily housing development 

22 that otherwise complies with the require23 ments under this subclause may not be 

24 considered ineligible because the develop25 ment or any portion of the development is 


pwalker on DSK7TPTVN1PROD with BILLS
12 

•HR 2339 IH

1 called or referred to as a ‘condotel’, ‘condo2 hotel’, ‘lodge’, or any other title; 

3 ‘‘(III) is subject to resale restrictions 

4 that— 

5 ‘‘(aa) are recorded with the ap6 propriate public registry for recording 

7 of titles and interests in real estate; 

8 and 

9 ‘‘(bb) terminate upon foreclosure 

10 or execution of any deed-in-lieu-of11 foreclosure; and 

12 ‘‘(IV) is located in an area that, at 

13 the time of the origination of the mort14 gage, is a high tourism area. 

15 ‘‘(ii) MORTGAGOR INCOME.—The house16 hold of the mortgagor shall have a gross house17 hold income— 

18 ‘‘(I) that does not exceed 160 percent 

19 of the area median income, as determined 

20 and updated by the Secretary of Housing 

21 and Urban Development or the Director of 

22 the Federal Housing Finance Agency on 

23 an annual basis; and 

24 ‘‘(II) not less than 75 percent of 

25 which is earned from positions the disVerDate Mar 15 2010 01:14 Jun 19, 2013 Jkt 029200 PO 00000 Frm 00012 Fmt 6652 Sfmt 6201 E:\BILLS\H2339.IH H2339

pwalker on DSK7TPTVN1PROD with BILLS
13 

•HR 2339 IH

1 charge of whose duties involved physical 

2 presence in one or more high tourism 

3 areas. 

4 ‘‘(iii) EMPLOYMENT.—The mortgagor or 

5 another member of the mortgagor’s house6 hold— 

7 ‘‘(I) has been employed, during the 6- 

8 month period ending upon execution of the 

9 mortgage, in a position or multiple posi10 tions the discharge of whose duties in11 volved physical presence in one or more 

12 high tourism areas, in the aggregate, for 

13 an average of not less than 30 hours per 

14 weeks; 

15 ‘‘(II) is employed at the time of the 

16 execution of the mortgage in a position or 

17 multiple positions the discharge of whose 

18 duties involve physical presence in one or 

19 more high tourism areas, in the aggregate, 

20 for an average of not less than 30 hours 

21 per week and the duration of such employ22 ment in such position is expected to last at 

23 least 6 months; 

24 ‘‘(III) is 60 years of age or older and, 

25 during the 5-year period ending up the 


pwalker on DSK7TPTVN1PROD with BILLS
14 

•HR 2339 IH

1 mortgagor’s retirement from employment 

2 was employed in a position or positions the 

3 discharge of whose duties involved physical 

4 presence in one or more high tourism areas 

5 for— 

6 ‘‘(aa) an average of not less than 

7 30 hours per week; and 

8 ‘‘(bb) for not less than 8 months 

9 per year; 

10 ‘‘(IV) is a person with disabilities (as 

11 such term is defined in section 811(k) of 

12 the Cranston-Gonzalez National Affordable 

13 Housing Act (42 U.S.C. 8013)) who— 

14 ‘‘(aa) was employed, during the 

15 2-year period ending upon becoming 

16 disabled, in a position or positions de17 scribed in subclause (I) or (II); or 

18 ‘‘(bb) is employed in a position or 

19 positions described in subclause (I) or 

20 (II), except that the 30-hour require21 ment under such subclauses shall not 

22 apply to such person if— 

23 ‘‘(AA) compliance with such 

24 requirement would make such 

25 person ineligible for benefits 


pwalker on DSK7TPTVN1PROD with BILLS
15 

•HR 2339 IH

1 made available for persons with 

2 disabilities through a program of 

3 any State agency for develop4 mental disabilities or through the 

5 supplemental security income 

6 program under title XVI of the 

7 Social Security Act; and 

8 ‘‘(BB) such person works 

9 the maximum number of hours 

10 per week allowable for eligibility 

11 for benefits under such program; 

12 or 

13 ‘‘(V) is the head of household in a 

14 household that includes one or more de15 pendents, at least one of whom is at the 

16 time of the execution of the mortgage 5 

17 years of age or younger or is enrolled full18 time in a school in a high tourism area. 

19 ‘‘(iv) CONFORMING LOAN.—The original 

20 principal obligation of the mortgage shall com21 ply with the applicable dollar amount limita22 tions established pursuant to paragraph (2). 

23 ‘‘(C) HIGH TOURISM AREA.—For purposes of 

24 this paragraph, the term ‘high tourism area’ means 

25 any county that is designated as a high tourism 


pwalker on DSK7TPTVN1PROD with BILLS
16 

•HR 2339 IH

1 county pursuant to section 5 of the Affordable 

2 Housing Regulation Simplification Act of 2013.’’. 

3 SEC. 3. INSURANCE OF AFFORDABLE WORKFORCE HOUS4 ING MORTGAGES BY FHA. 

5 Section 203 of the National Housing Act (12 U.S.C. 

6 1709) is amended by adding at the end the following new 

7 subsection: 

8 ‘‘(y) MORTGAGES FOR AFFORDABLE WORKFORCE

9 HOUSING.— 

10 ‘‘(1) INSURANCE AUTHORITY.—The Secretary 

11 may insure under this section any affordable work12 force housing mortgage meeting the requirements of 

13 subsection (b) of this section, except as modified by 

14 this subsection. 

15 ‘‘(2) EXEMPTIONS.—Notwithstanding any other 

16 provision of law, any requirements and guidelines of 

17 the Secretary that are inconsistent with the author18 ity under paragraph (1) shall not apply to any af19 fordable workforce housing mortgage. 

20 ‘‘(3) AFFORDABLE WORKFORCE HOUSING

21 MORTGAGES.—For purposes of this subsection, the 

22 term ‘affordable workforce housing mortgage’ means 

23 a mortgage that meets the following requirements: 


pwalker on DSK7TPTVN1PROD with BILLS
17 

•HR 2339 IH

1 ‘‘(A) PROPERTY.—The mortgage shall be 

2 made for the purchase of, and secured by, a 

3 one-family residence that— 

4 ‘‘(i) shall be used as the residence of 

5 the mortgagor for not less than 8 of any 

6 12 months and 240 days of any 365 days; 

7 ‘‘(ii) is located within or is part of a 

8 multifamily housing development— 

9 ‘‘(I) that consists of 5 or more 

10 dwelling units or a mixed-use develop11 ment that is not less than 50 percent 

12 residential, as defined in the legal de13 scription of the property in the pur14 chase contract or mortgage or title 

15 documents relating to such purchase, 

16 or, if the development is less than 50 

17 percent residential, has been granted 

18 an exception by the Secretary; 

19 ‘‘(II) of which not less than 25 

20 percent of the dwelling units in the 

21 development are owner-occupied; ex22 cept that the requirement under this 

23 item shall be considered to be com24 plied with, with respect to a develop25 ment, unless verifiable public records 


pwalker on DSK7TPTVN1PROD with BILLS
18 

•HR 2339 IH

1 indicate an owner-occupancy rate for 

2 the development of less than 25 per3 cent; 

4 ‘‘(III) that provides individual, 

5 centralized, or any other method of 

6 metering for energy use of the con7 stituent dwelling units; 

8 ‘‘(IV) that may include dwelling 

9 units that are used for the sole pur10 pose of short-term rentals and may 

11 provide such services as a staffed 

12 front desk, a concierge, or other 

13 amenities consistent with providing 

14 customer service for non-owner occu15 pied or short-term rental units in the 

16 development, including marketing that 

17 describes the property as a lodge, re18 sort, or other similar facility; and 

19 ‘‘(V) of which, if at least 50 per20 cent of the total units are under con21 tract for owner-occupancy, not more 

22 than 50 percent of the total dwelling 

23 units are owned by the same investor; 

24 and any multifamily housing development 

25 that otherwise complies with the requireVerDate Mar 15 2010 01:14 Jun 19, 2013 Jkt 029200 PO 00000 Frm 00018 Fmt 6652 Sfmt 6201 E:\BILLS\H2339.IH H2339

pwalker on DSK7TPTVN1PROD with BILLS
19 

•HR 2339 IH

1 ments under this clause may not be consid2 ered ineligible because the development or 

3 any portion of the development is called or 

4 referred to as a ‘condotel’, ‘condo-hotel’, 

5 ‘lodge’, or any other title; 

6 ‘‘(iii) is subject to resale restrictions 

7 that— 

8 ‘‘(I) are recorded with the appro9 priate public registry for recording of 

10 titles and interests in real estate; and 

11 ‘‘(II) terminate upon foreclosure 

12 or execution of any deed-in-lieu-of13 foreclosure; and 

14 ‘‘(iv) is located in an area that, at the 

15 time of the origination of the mortgage, is 

16 a high tourism area. 

17 ‘‘(B) MORTGAGOR INCOME.—The house18 hold of the mortgagor shall have a gross house19 hold income— 

20 ‘‘(i) that does not exceed 160 percent 

21 of the area median income, as determined 

22 and updated by the Secretary on an annual 

23 basis; and 

24 ‘‘(ii) not less than 75 percent of which 

25 is earned from positions the discharge of 


pwalker on DSK7TPTVN1PROD with BILLS
20 

•HR 2339 IH

1 whose duties involved physical presence in 

2 one or more high tourism areas. 

3 ‘‘(C) EMPLOYMENT.—The mortgagor or 

4 another member of the mortgagor’s house5 hold— 

6 ‘‘(i) has been employed, during the 6- 

7 month period ending upon execution of the 

8 mortgage, in a position or multiple posi9 tions the discharge of whose duties in10 volved physical presence in one or more 

11 high tourism areas, in the aggregate, for 

12 an average of not less than 30 hours per 

13 weeks; 

14 ‘‘(ii) is employed at the time of the 

15 execution of the mortgage in a position or 

16 multiple positions the discharge of whose 

17 duties involve physical presence in one or 

18 more high tourism areas, in the aggregate, 

19 for an average of not less than 30 hours 

20 per week and the duration of such employ21 ment in such position is expected to last at 

22 least 6 months; 

23 ‘‘(iii) is 60 years of age or older and, 

24 during the 5-year period ending up the 

25 mortgagor’s retirement from employment 


pwalker on DSK7TPTVN1PROD with BILLS
21 

•HR 2339 IH

1 was employed in a position or positions the 

2 discharge of whose duties involved physical 

3 presence in one or more high tourism areas 

4 for— 

5 ‘‘(I) an average of not less than 

6 30 hours per week; and 

7 ‘‘(II) for not less than 8 months 

8 per year; 

9 ‘‘(iv) is a person with disabilities (as 

10 such term is defined in section 811(k) of 

11 the Cranston-Gonzalez National Affordable 

12 Housing Act (42 U.S.C. 8013)) who— 

13 ‘‘(I) was employed, during the 2- 

14 year period ending upon becoming dis15 abled, in a position or positions de16 scribed in clause (i) or (ii); or 

17 ‘‘(II) is employed in a position or 

18 positions described in clause (i) or (ii), 

19 except that the 30-hour requirement 

20 under such clauses shall not apply to 

21 such person if— 

22 ‘‘(aa) compliance with such 

23 requirement would make such 

24 person ineligible for benefits 

25 made available for persons with 


pwalker on DSK7TPTVN1PROD with BILLS
22 

•HR 2339 IH

1 disabilities through a program of 

2 any State agency for develop3 mental disabilities or through the 

4 supplemental security income 

5 program under title XVI of the 

6 Social Security Act; and 

7 ‘‘(bb) such person works the 

8 maximum number of hours per 

9 week allowable for eligibility for 

10 benefits under such program; or 

11 ‘‘(v) is the head of household in a 

12 household that includes one or more de13 pendents, at least one of whom is at the 

14 time of the execution of the mortgage 5 

15 years of age or younger or is enrolled full16 time in a school in a high tourism area. 

17 ‘‘(D) LOAN LIMIT.—The original principal 

18 obligation of the mortgage shall comply with 

19 the applicable dollar amount limitations under 

20 subsection (b)(2). 

21 ‘‘(4) HIGH TOURISM AREA.—For purposes of 

22 this paragraph, the term ‘high tourism area’ means 

23 any county that is designated as a high tourism 

24 county pursuant to section 5 of the Affordable 

25 Housing Regulation Simplification Act of 2013.’’. 


pwalker on DSK7TPTVN1PROD with BILLS
23 

•HR 2339 IH

1 SEC. 4. FHA AUTHORITY FOR SPOT APPROVAL OF MORT2 GAGES FOR CONDOMINIUM UNITS. 

3 Section 234 of the National Housing Act (12 U.S.C. 

4 1715y) is amended by adding at the end the following new 

5 subsection: 

6 ‘‘(l) AUTHORITY FOR SPOT APPROVALS.—In the case 

7 of individual mortgages for one-family units in a multi8 family project and an undivided interest in the common 

9 areas and facilities that serve the project and affordable 

10 workforce housing mortgages (as such term is defined in 

11 section 203(y)), the Secretary shall provide an approval 

12 process for insurance of such mortgages that does not re13 quire prior approval of the entire project or of the home14 owners association for the entire project.’’. 

15 SEC. 5. DETERMINATION OF HIGH TOURISM AREAS. 

16 The Secretary of Commerce shall, by notice issued 

17 not later than December 31, 2014— 

18 (1) establish a procedure and metric for assess19 ing, for counties in all States throughout the United 

20 States, the economic impact of tourism on such 

21 counties; 

22 (2) establish a minimum threshold for such eco23 nomic activity for use for designating counties as 

24 high tourism counties; and 

25 (3) pursuant to such procedure, metric, and 

26 threshold, designate the counties in the United 


pwalker on DSK7TPTVN1PROD with BILLS
24 

•HR 2339 IH

1 States that are high tourism counties at the time of 

2 such designation. 

3 SEC. 

4

5 The Secretary of Commerce shall reassess and update 

6 such designations on a biennial basis. 

Æ 


pwalker on DSK7TPTVN1PROD with BILLS