IIB 
112TH CONGRESS 
1ST SESSION 
H. R. 861 
IN THE SENATE OF THE UNITED STATES 
MARCH 17, 2011 
Received; read twice and referred to the Committee on Banking, Housing, and 
Urban Affairs 
AN ACT 
To rescind the third round of funding for the Neighborhood 
Stabilization Program and to terminate the program. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
VerDate Mar 15 2010 
23:48 Mar 17, 2011
Jkt 099200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H861.RFS
H861
rfrederick on DSKD9S0YB1PROD with BILLS
HR 861 RFS
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘NSP Termination 
Act’’. 
SEC. 2. RESCISSION OF $1 BILLION FUNDING FOR 3RD 
ROUND OF NEIGHBORHOOD STABILIZATION 
PROGRAM. 
(a) RECISSION.—Effective on the date of the enact-
ment of this Act, there are rescinded and permanently 
canceled all unobligated balances remaining available as 
of such date of enactment of the amounts made available 
by section 1497(a) of the Dodd-Frank Wall Street Reform 
and Consumer Protection Act (Public Law 111–203; 124 
Stat. 2209; 42 U.S.C. 5301 note). All such unobligated 
balances so rescinded and permanently canceled should be 
retained in the General Fund of the Treasury for reducing 
the budget deficit of the Federal Government. 
(b) IDENTIFICATION OF AMOUNTS SUBJECT TO POS-
SIBLE RESCISSION.— 
(1) IN GENERAL.—The Secretary of Housing 
and Urban Development has allocated funding to the 
States, including city, county, and municipal govern-
ments, under the 3rd round of funding for the 
Neighborhood Stabilization Program, as set forth in 
paragraph (2). Amounts from the allocations set 
forth in paragraph (2) of this subsection will be sub-
VerDate Mar 15 2010 
23:48 Mar 17, 2011
Jkt 099200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H861.RFS
H861
rfrederick on DSKD9S0YB1PROD with BILLS
HR 861 RFS
ject to possible rescission and cancellation, to the ex-
tent provided in subsection (a). 
(2) ALLOCATION.—The allocations set forth in 
this paragraph for the following States are the fol-
lowing amounts: 
(A) Alaska: $5,000,000. 
(B) Alabama: $7,576,151. 
(C) Arizona: $45,377,073. 
(D) Arkansas: $5,000,000. 
(E) California: $149,308,651. 
(F) Colorado: $17,349,270. 
(G) Connecticut: $9,322,756. 
(H) District of Columbia: $5,000,000. 
(I) Delaware: $5,000,000. 
(J) Florida: $208,437,144. 
(K) Georgia: $50,421,988. 
(L) Hawaii: $5,000,000. 
(M) Iowa: $5,000,000. 
(N) Idaho: $5,000,000. 
(O) Illinois: $30,143,105. 
(P) Indiana: $31,509,101. 
(Q) Kansas: $6,137,796. 
(R) Kentucky: $5,000,000. 
(S) Louisiana: $5,000,000. 
(T) Massachusetts: $7,387,994. 
VerDate Mar 15 2010 
23:48 Mar 17, 2011
Jkt 099200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H861.RFS
H861
rfrederick on DSKD9S0YB1PROD with BILLS
HR 861 RFS
(U) Maryland: $6,802,242. 
(V) Maine: $5,000,000. 
(W) Michigan: $57,524,473. 
(X) Minnesota: $12,427,113. 
(Y) Missouri: $13,110,604. 
(Z) Mississippi: $5,000,000. 
(AA) Montana: $5,000,000. 
(BB) North Carolina: $5,000,000. 
(CC) North Dakota: $5,000,000. 
(DD) Nebraska: $6,183,085. 
(EE) New Hampshire: $5,000,000. 
(FF) New Jersey: $11,641,549. 
(GG) New Mexico: $5,000,000. 
(HH) Nevada: $43,314,669. 
(II) New York: $19,834,940. 
(JJ) Ohio: $51,789,035. 
(KK) Oklahoma: $5,000,000. 
(LL) Oregon: $5,000,000. 
(MM) Pennsylvania: $5,000,000. 
(NN) Puerto Rico: $5,000,000. 
(OO) Rhode Island: $6,309,231. 
(PP) South Carolina: $5,615,020. 
(QQ) South Dakota: $5,000,000. 
(RR) Tennessee: $10,195,848. 
(SS) Texas: $18,038,242. 
VerDate Mar 15 2010 
23:48 Mar 17, 2011
Jkt 099200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6201
E:\BILLS\H861.RFS
H861
rfrederick on DSKD9S0YB1PROD with BILLS
HR 861 RFS
(TT) Utah: $5,000,000. 
(UU) Virginia: $6,254,970. 
(VV) Vermont: $5,000,000; 
(WW) Washington: $5,000,000. 
(XX) Wisconsin: $7,687,949. 
(YY) West Virginia: $5,000,000. 
(ZZ) Wyoming: $5,000,000. 
SEC. 3. TERMINATION OF NEIGHBORHOOD STABILIZATION 
PROGRAM. 
(a) REPEAL.—Sections 2301 through 2303 of the 
Housing and Economic Recovery Act of 2008 (Public Law 
110–289; 122 Stat. 2850; 42 U.S.C. 5301 note) are here-
by repealed. 
(b) TREATMENT OF REMAINING FUNDS.— 
(1) SAVINGS CLAUSE.—Notwithstanding the re-
peal under subsection (a), any amounts made avail-
able under the provisions specified in paragraph (2) 
of this subsection shall continue to be governed by 
any provisions of law applicable to such amounts as 
in effect immediately before such repeal. 
(2) REMAINING FUNDS.—The provisions speci-
fied in this paragraph are as follows: 
(A) Section 2301(a) of the Housing and 
Economic Recovery Act of 2008 (Public Law 
VerDate Mar 15 2010 
23:48 Mar 17, 2011
Jkt 099200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6201
E:\BILLS\H861.RFS
H861
rfrederick on DSKD9S0YB1PROD with BILLS
HR 861 RFS
110–289; 122 Stat. 2850; 42 U.S.C. 5301 
note). 
(B) The second undesignated paragraph 
under the heading ‘‘Department of Housing 
and Urban Development, Community Planning 
and Development, Community Development 
Fund’’ in title XII of division A of the Amer-
ican Recovery and Reinvestment Act of 2009 
(Public Law 111–5, 123 Stat. 217). 
(c) TERMINATION.—Upon the obligation of all 
amounts made available under the provisions specified in 
subsection (b)(2), and outlays to liquidate all such 
amounts, the Secretary of Housing and Urban Develop-
ment shall terminate the Neighborhood Stabilization Pro-
gram authorized under the provisions specified in sub-
sections (a) and (b)(2). 
SEC. 4. PUBLICATION OF MEMBER AVAILABILITY FOR AS-
SISTANCE. 
Not later than 5 days after the date of the enactment 
of this Act, the Secretary of Housing and Urban Develop-
ment shall publish to its Website on the World Wide Web 
in a prominent location, large point font, and boldface type 
the following statement: ‘‘The Neighborhood Stabilization 
Program (NSP) has been terminated. If you are concerned 
about the impact of foreclosed properties on your commu-
VerDate Mar 15 2010 
23:48 Mar 17, 2011
Jkt 099200
PO 00000
Frm 00006
Fmt 6652
Sfmt 6201
E:\BILLS\H861.RFS
H861
rfrederick on DSKD9S0YB1PROD with BILLS
HR 861 RFS
nity, please contact your Member of Congress, State, 
county, and local officials for assistance in mitigating the 
impacts of foreclosed properties on your community.’’. 
SEC. 5. GAO STUDY OF ECONOMIC IMPACTS OF ROUND 3 
NSP FUNDING. 
The Comptroller General of the United States shall 
conduct a study to determine the economic impacts that 
providing assistance under the Neighborhood Stabilization 
Program, using the funding identified in section 2, would 
have on States and communities in the United States, if 
such funding were not rescinded and canceled under such 
section, but remained available and was used in accord-
ance with the provisions of law applicable to such amounts 
as in effect immediately before the repeal under section 
3(a). Not later than the expiration of the 90-day period 
beginning on the date of the enactment of this Act, the 
Comptroller General shall submit to the Congress a report 
setting forth the results and conclusions of the study 
under this section. 
SEC. 6. GAO STUDY OF ECONOMIC IMPACTS OF ROUNDS 1 
AND 2 NSP FUNDING. 
The Comptroller General of the United States shall 
conduct a study to determine the economic impacts that 
providing assistance under the Neighborhood Stabilization 
Program has had on States and communities in the 
VerDate Mar 15 2010 
23:48 Mar 17, 2011
Jkt 099200
PO 00000
Frm 00007
Fmt 6652
Sfmt 6201
E:\BILLS\H861.RFS
H861
rfrederick on DSKD9S0YB1PROD with BILLS
HR 861 RFS
United States. The study shall identify such impacts re-
sulting from the funding under the each of the provisions 
of law specified in subparagraphs (A) and (B) of section 
3(b)(2). Not later than the expiration of the 90-day period 
beginning on the date of the enactment of this Act, the 
Comptroller General shall submit to the Congress a report 
setting forth the results and conclusions of the study 
under this section. 
Passed the House of Representatives March 16, 
2011. 
Attest: 
KAREN L. HAAS, 
Clerk. 
VerDate Mar 15 2010 
23:48 Mar 17, 2011
Jkt 099200
PO 00000
Frm 00008
Fmt 6652
Sfmt 6201
E:\BILLS\H861.RFS
H861
rfrederick on DSKD9S0YB1PROD with BILLS