I 
118TH CONGRESS 
1ST SESSION H. R. 1087 
To authorize security deposit and moving costs assistance for low-income 
households, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 17, 2023 
Ms. LEE of California introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To authorize security deposit and moving costs assistance 
for low-income households, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Delivering Essential 
Protection, Opportunity, and Security for Tenants Act’’ 
or ‘‘DEPOSIT Act’’. 
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SEC. 2. RENTAL SECURITY DEPOSIT AND MOVING COST AS-
SISTANCE FOR HOUSING CHOICE VOUCHER 
HOLDERS. 
Section 8(q) of the United States Housing Act of 
1937 (42 U.S.C. 1437f(q)) is amended by adding at the 
end the following new paragraph: 
‘‘(6) SUPPLEMENTS
FOR
SECURITY
DEPOSIT 
AND MOVING COST ASSISTANCE.— 
‘‘(A) SECURITY DEPOSITS.—The Secretary 
shall, to the extent amounts are provided in ad-
vance in appropriations Acts for assistance 
under this subparagraph, provide supplemental 
fees under this subsection to public housing 
agencies for the costs of providing, on behalf of 
families assisted under subsection (o), assist-
ance to cover the costs of a reasonable security 
deposit for the assisted dwelling unit of such 
family. The agency shall require the owner to 
return any unused amounts of security deposit 
assistance upon the termination of such family’s 
tenancy and may make such returned amounts 
available only for assistance under this subpara-
graph. 
‘‘(B) MOVING COSTS.—The Secretary may 
provide supplemental fees under this subsection 
to public housing agencies for the costs of pro-
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viding, on behalf of families assisted under sub-
section (o), assistance to cover the reasonable 
costs of moving into a new assisted dwelling 
unit. 
‘‘(C) 
AUTHORIZATION
OF
APPROPRIA-
TIONS.—There is authorized to be appropriated 
to the Secretary such sums as may be necessary 
for assistance under subparagraphs (A) and 
(B).’’. 
SEC. 3. RENTAL SECURITY DEPOSIT ASSISTANCE UNDER 
HOME PROGRAM. 
(a) ELIGIBLE USE.—Section 212(a) of the Cranston- 
Gonzalez National Affordable Housing Act (42 U.S.C. 
12742(a)) is amended by inserting after paragraph (3) the 
following new paragraph: 
‘‘(4) SECURITY DEPOSIT ASSISTANCE.—A par-
ticipating jurisdiction may use funds provided under 
this subtitle to provide loans or grants to very low- 
and low-income families for security deposits for 
rental of dwelling units, regardless of whether such 
family is provided tenant-based rental assistance 
pursuant to paragraph (3). The jurisdiction shall re-
quire the owner to return any unused amounts of se-
curity deposit assistance upon the termination of 
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such family’s tenancy and may use such returned 
amounts only for assistance under this paragraph.’’. 
(b) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated to the Secretary of Housing 
and Urban Development such sums as may be necessary 
for assistance under subtitle A of title II of the Cranston- 
Gonzalez National Affordable Housing Act (42 U.S.C. 
12741 et seq.), to be made available only for providing 
security deposit assistance under paragraph (4) of section 
212(a) of such Act (as added by the amendment made 
by subsection (a) of this section). 
SEC. 4. STUDY ON ALTERNATIVES TO SECURITY DEPOSITS. 
(a) STUDY.—The Secretary of Housing and Urban 
Development shall conduct a study to identify and ana-
lyze— 
(1) alternatives to rental housing security de-
posits, including products that require a tenant of a 
dwelling unit to pay a monthly insurance premium 
to cover costs of repairing damage to the dwelling 
unit; and 
(2) the impact that such alternatives have on 
the rental housing market and tenants, including 
how such alternatives affect tenants based on tenant 
race, income, age, sex, disability, and other demo-
graphic characteristics. 
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(b) REPORT.—Not later than the expiration of the 
180-day period beginning on the date of the enactment 
of this Act, the Secretary shall submit to Congress a re-
port setting forth the findings and conclusions of the 
study. 
Æ 
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