102
in effect immediately before such extinguish-
ment or writedown);
‘‘(D) shall bear interest at a rate, as deter-
mined by the Secretary of the Treasury, that is
based upon the current market yields on out-
standing marketable obligations of the United
States having comparable maturities; and
‘‘(E) shall involve a principal obligation of
an amount not exceeding the amount that can
be repaid using amounts described in subpara-
graph (B) over the term determined in accord-
ance with subparagraph (C), with interest at
the rate determined under subparagraph (D).’’.
(b) ELIGIBILITY OF NONINSURED PROJECTS FOR
IRP CAPITAL GRANTS.—Section 236(s)(2) of the Na-
tional Housing Act (12 U.S.C. 1715z–1(s)(2)(A)) is
amended by striking subparagraph (A) and inserting the
following new subparagraph:
‘‘(A) if the project is federally assisted
housing described in subparagraph (B), (C),
(D), (E), (F) or (G) of section 683(2) of the
Housing and Community Development Act of
1992 (42 U.S.C. 13641(2));’’.
(c) IRP CAPITAL GRANTS REQUIREMENT FOR EX-
TENSION
OF LOW-INCOME AFFORDABILITY REQUIRE-
103
MENTS.—Section 236(s) of the National Housing Act (12
U.S.C. 1715z–1(s)) is amended—
(1) in paragraph (2)—
(A) by redesignating subparagraphs (C)
and (D), as amended by the preceding provi-
sions of this section, as subparagraphs (D) and
(E), respectively; and
(B) by inserting after subparagraph (B)
the following new subparagraph:
‘‘(C) the project owner enters into such
binding commitments as the Secretary may re-
quire (which shall be applicable to any subse-
quent owner) to ensure that the owner will con-
tinue to operate the project in accordance with
all low-income affordability restrictions for the
project in connection with the Federal assist-
ance for the project for a period having a dura-
tion that is not less than the period referred to
in paragraph (5)(C);’’; and
(2) in paragraph (4)(B), by inserting ‘‘and con-
sistent with paragraph (2)(C)’’ before the period at
the end.
SEC. 406. TECHNICAL ASSISTANCE.
Section 514(f)(3) of the Multifamily Assisted Hous-
ing Reform and Affordability Act of 1997 (42 U.S.C.
104
1437f note) is amended by inserting after ‘‘new owners)’’
the following: ‘‘, for technical assistance for preservation
of low-income housing for which project-based rental as-
sistance is provided at below market rent levels and may
not be renewed (including transfer of developments to ten-
ant groups, nonprofit organizations, and public entities),’’.
SEC. 407. TERMINATION OF SECTION 8 CONTRACT AND DU-
RATION OF RENEWAL CONTRACT.
Section 8(c)(8) of the United States Housing Act of
1937 (42 U.S.C. 1437f(c)(8)) is amended—
(1) in subparagraph (A)—
(A) by striking ‘‘terminating’’ and insert-
ing ‘‘termination of’’; and
(B) by striking the third comma of the
first sentence and all that follows through the
end of the subparagraph and inserting the fol-
lowing: ‘‘. The notice shall also include a state-
ment that, if the Congress makes funds avail-
able, the owner and the Secretary may agree to
a renewal of the contract, thus avoiding termi-
nation, and that in the event of termination the
Department of Housing and Urban Develop-
ment will provide tenant-based rental assistance
to all eligible residents, enabling them to choose
the place they wish to rent, which is likely to
105
include the dwelling unit in which they cur-
rently reside. Any contract covered by this
paragraph that is renewed may be renewed for
a period of up to one year or any number or
years, with payments subject to the availability
of appropriations for any year.’’;
(2) by striking subparagraph (B);
(3) in subparagraph (C)—
(A) by striking the first sentence;
(B) by striking ‘‘in the immediately pre-
ceding sentence’’;
(C) by striking ‘‘180-day’’ each place it ap-
pears;
(D) by striking ‘‘such period’’ and insert-
ing ‘‘one year’’; and
(E) by striking ‘‘180 days’’ and inserting
‘‘one year’’; and
(4) by redesignating subparagraphs (C), (D),
and (E), as amended by the preceding provisions of
this subsection, as subparagraphs (B), (C), and (D),
respectively.
SEC. 408. ENHANCED VOUCHER ELIGIBILITY AND BENE-
FITS.
(a) ELIGIBILITY OF RESIDENTS OF FLEXIBLE SUB-
SIDY PROJECTS.—Section 201 of the Housing and Com-
106
munity Development Amendments of 1978 (12 U.S.C.
1715z–1a) is amended by adding at the end the following
new subsection:
‘‘(p) ENHANCED VOUCHER ELIGIBILITY.—Notwith-
standing any other provision of law, any project that re-
ceives or has received assistance under this section and
which is the subject of a transaction under which the
project is preserved as affordable housing, as determined
by the Secretary, shall be considered eligible low-income
housing under section 229 of the Low-Income Housing
Preservation and Resident Homeownership Act of 1990
(12 U.S.C. 4119) for purposes of eligibility of residents
of such project for enhanced voucher assistance provided
in accordance with the ‘Preserving Existing Housing In-
vestment’ account in the Departments of Veterans Affairs
and Housing and Urban Development, and Independent
Agencies Appropriations Act, 1997 (Public Law 104–204;
110 Stat. 2884) and pursuant to such provision or any
other subsequently enacted provision of law.’’.
(b) EFFECT OF RENTAL INCREASES ON OTHER EN-
HANCED VOUCHERS.—To the extent that amounts are
provided in advance in appropriations Acts for enhanced
vouchers (including amendments and renewals) pursuant
to the authority under the heading ‘‘Preserving Existing
Housing Investment’’ in the Departments of Veterans Af-
107
fairs and Housing and Urban Development, and Inde-
pendent Agencies Appropriations Act, 1997 (Public Law
104–204; 110 Stat. 2884), each family receiving such en-
hanced voucher assistance after the date of prepayment
or voluntary termination which continues to reside in the
housing occupied on the date of prepayment or voluntary
termination and the rent of which, absent enhanced vouch-
er assistance, would exceed the greater of 30 percent of
adjusted income or the rent paid by the family on such
date, may continue to receive such enhanced voucher as-
sistance indefinitely, subject to other requirements of that
authority, as amended: Provided, That rent resulting from
rent increases occurring later than 1 year after the date
of prepayment or voluntary termination may be used to
increase the applicable payment standard: Provided fur-
ther, That the rent for the dwelling unit is reasonable in
comparison to the rent charged for comparable dwelling
units in the private, unassisted local market.
SEC. 409. ENHANCED DISPOSITION AUTHORITY.
Section 204 of the Departments of Veterans Affairs
and Housing and Urban Development, and Independent
Agencies Appropriations Act, 1997 (12 U.S.C. 1715z–
11a) is amended—
(1) by striking ‘‘and 1999’’ and inserting
‘‘1999, and 2000’’; and
108
(2) by striking ‘‘or demolition’’ and inserting ‘‘,
demolition, or construction on the properties (which
shall be eligible whether vacant or occupied)’’.
SEC. 410. ASSISTANCE FOR NONPROFIT PURCHASERS PRE-
SERVING AFFORDABLE HOUSING.
(a) CONGRESSIONAL FINDINGS.—The Congress finds
that—
(1) a substantial number of existing federally
assisted or federally insured multifamily properties
are at risk of being lost from the affordable housing
inventory of the Nation through market rate conver-
sion, deterioration, or demolition;
(2) it is in the interests of the Nation to en-
courage transfer of control of such properties to
competent national, regional, and local nonprofit en-
tities and intermediaries whose missions involve
maintaining the affordability of such properties;
(3) such transfers may be inhibited by a short-
age of such entities that are appropriately capital-
ized; and
(4) the Nation would be well served by pro-
viding assistance to such entities to aid in accom-
plishing this purpose.
(b) GRANTS.—The Secretary of Housing and Urban
Development may make grants, to the extent amounts are
109
made available for such grants, to eligible entities under
subsection (c) for use only for operational, working cap-
ital, and organizational expenses of such entities and ac-
tivities by such entities to acquire eligible affordable hous-
ing for the purpose of ensuring that the housing will re-
main affordable, as the Secretary considers appropriate,
for low-income or very low-income families (including el-
derly persons).
(c) ELIGIBLE ENTITIES.—The Secretary shall estab-
lish standards for eligible entities under this subsection,
which shall include requirements that to be considered an
eligible entity for purposes of this section an entity shall—
(1) be a nonprofit organization (as such term is
defined in 104 of the Cranston-Gonzalez National
Affordable Housing Act);
(2) have among its purposes maintaining the
affordability to low-income or very low-income fami-
lies of multifamily properties that are at risk of loss
from the inventory of housing that is affordable to
low-income or very low-income families; and
(3) demonstrate need for assistance under this
section for the purposes under subsection (b), expe-
rience in carrying out activities referred to in such
subsection, and capability to carry out such activi-
ties.
110
(d) DEFINITIONS.—For purposes of this section, the
following definitions shall apply:
(1) ELIGIBLE
AFFORDABLE
HOUSING.—The
term ‘‘eligible affordable housing’’ means housing
that—
(A) consists of more than four dwelling
units;
(B) is insured or assisted under a program
of the Department of Housing and Urban De-
velopment or the Department of Agriculture
under which the property is subject to limita-
tions on tenant rents, rent contributions, or in-
comes; and
(C) is at risk, as determined by the Sec-
retary, of termination of any of the limitations
referred to in subparagraph (B).
(2) LOW-INCOME FAMILIES; VERY LOW-INCOME
FAMILIES.—The terms ‘‘low-income families’’ and
very low-income families’’ have the meanings given
such terms in section 3(b) of the United States
Housing Act of 1937.
(e) AUTHORIZATION
OF APPROPRIATIONS.—There
are authorized to be appropriated for grants under this
section such sums as may be necessary for each of fiscal
years 2000, 2001, and 2002.
111
TITLE 
V—MORTGAGE 
INSUR-
ANCE FOR HEALTH CARE FA-
CILITIES AND HOME EQUITY
CONVERSION MORTGAGES
SEC. 501. REHABILITATION OF EXISTING HOSPITALS, NURS-
ING HOMES, AND OTHER FACILITIES.
Section 223(f) of the National Housing Act (12
U.S.C. 1715n(f)) is amended—
(1) in paragraph (1), by inserting ‘‘existing
health care facility,’’ after ‘‘existing board and care
home,’’; and
(2) in paragraph (4)—
(A) by inserting ‘‘existing health care facil-
ity,’’ after ‘‘board and care home,’’ each place
it appears;
(B) in subparagraph (A), by inserting be-
fore the semicolon at the end the following: ‘‘,
which refinancing, in the case of a loan on a
hospital, home, or facility that is within 5 years
of maturity, shall include a mortgage made to
prepay such loan;’’;
(C) in subparagraph (B), by inserting after
‘‘indebtedness’’ the following: ‘‘, pay the costs
of any repairs, maintenance, improvements, or
112
additional equipment which may be approved by
the Secretary,’’; and
(D) in subparagraph (D)—
(i) by inserting ‘‘existing’’ before ‘‘in-
termediate care facility’’; and
(ii) by inserting ‘‘existing’’ before
‘‘board and care home’’.
SEC. 502. NEW HEALTH CARE FACILITIES.
Section 232 of the National Housing Act (12 U.S.C.
1715w) is amended—
(1) in subsection (a), by adding at the end the
following new paragraph:
‘‘(4) The development of health care facilities
for the care and treatment of the elderly and other
persons in need of health care and related services,
but who are not acutely ill and do not require hos-
pital care, and the support of health care facilities
which provide such health care and related services
(including those which support hospitals, as defined
in section 242(b)).’’;
(2) in subsection (b)—
(A) in paragraph (4), by inserting after
the first period the following new sentence:
‘‘Such term includes a parity first mortgage or
113
parity first deed of trust, subject to such terms
and conditions as the Secretary may provide.’’;
(B) in paragraph (6)—
(i) by striking subparagraph (A) and
inserting the following new subparagraph:
‘‘(A) meets all licensing and regulatory re-
quirements of the State, or if there is no State
law providing for such licensing and regulation
by the State, meets all licensing and regulatory
requirements of the municipality or other polit-
ical subdivision in which the facility is located,
or, in the absence of any such requirements,
meets any requirements of the Secretary for
such purposes;’’; and
(ii) in subparagraph (C), by striking
‘‘and’’ at the end;
(C) in paragraph (7), by striking the pe-
riod at the end and inserting ‘‘; and’’; and
(D) by adding at the end the following new
paragraph:
‘‘(8) the term ‘health care facility’ means a
facility—
‘‘(A) providing integrated health care deliv-
ery services designed and operated to provide
medical, convalescent, skilled and intermediate
114
nursing, board and care services, assisted living,
rehabilitation, custodial, personal care services,
or any combination thereof;
‘‘(B) designed, in whole or in part, to pro-
vide a continuum of care, as determined by the
Secretary;
‘‘(C) providing clinical services, out patient
services, including community health services
and medical practice facilities and group prac-
tice facilities to persons not in need of the serv-
ices rendered in other facilities insurable under
this title; or
‘‘(D)(i) designed, in whole or in part—
‘‘(I) to provide health care services
which are not acute care in nature to per-
sons (including the elderly and infirm); or
‘‘(II) to provide supportive or ancil-
lary services to hospitals (as defined in sec-
tion 242(b)), which services may include
services provided by special use health care
facilities, professional office buildings, lab-
oratories, administrative offices, and other
facilities supportive or ancillary to health
care delivery; and
115
‘‘(ii) that meet standards acceptable to the
Secretary, which may include standards gov-
erning licensure or State or local approval and
regulation of a mortgagor; or
‘‘(E) that provides any combination of the
services under subparagraphs (a) through
(D).’’;
(3) in subsection (d)—
(A) in the matter preceding paragraph
(1)—
(i) by inserting ‘‘board and care
home,’’ 
after 
‘‘rehabilitated 
nursing
home,’’;
(ii) by inserting ‘‘health care facility,’’
after ‘‘assisted living facility,’’ the first two
places it appears;
(iii) by inserting ‘‘board and care
home,’’ after ‘‘existing nursing home,’’;
and
(iv) by striking ‘‘or a board and care
home’’ and inserting ‘‘, board and care
home or health care facility’’;
(B) in paragraph (2), in the matter pre-
ceding subparagraph (A), by inserting after
‘‘including’’ the following: ‘‘or a public body,
116
public agency, or public corporation eligible
under this section’’;
(C) in paragraph (4)(A)—
(i) in the first sentence—
(I) by inserting ‘‘, and health
care facilities which include such
nursing home and intermediate care
facilities,’’ before ‘‘, the Secretary’’;
(II) by inserting ‘‘or the portion
of a health care facility providing such
services’’ before ‘‘covered by the mort-
gage,’’; and
(III) by inserting ‘‘or for such
nursing or intermediate care services
within a health care facility’’ before ‘‘,
and (ii)’’;
(ii) in the second sentence, by insert-
ing ‘‘(which may be within a health care
facility)’’ after ‘‘home and facility’’; and
(iii) in the third sentence—
(I) by striking ‘‘mortgage under
this section’’ and all that follows
through ‘‘feasibility’’ and inserting the
following: ‘‘such mortgage under this
section unless (i) the proposed mort-
117
gagor or applicant for the mortgage
insurance for the home or facility or
combined home or facility, or the
health care facility containing such
services, has commissioned and paid
for the preparation of an independent
study of market need for the project’’;
(II) in clause (i)(II), by striking
‘‘and its relationship to, other health
care facilities and’’ and inserting ‘‘or
such facilities within a health care fa-
cility, and its relationship to, other fa-
cilities providing health care’’;
(III) in clause (i)(IV), by striking
‘‘in the event the State does not pre-
pare the study,’’; and
(IV) in clause (i)(IV), by striking
‘‘the State or’’;
(iv) by striking the penultimate sen-
tence and inserting the following new sen-
tences: ‘‘A study commissioned or under-
taken by the State in which the facility will
be located shall be considered to satisfy
such market study requirement. The pro-
posed mortgagor or applicant may reim-
118
burse the State for the cost of an inde-
pendent study referred to in the preceding
sentence.’’; and
(v) in the last sentence—
(I) by inserting ‘‘the proposed
mortgagor or applicant for mortgage
insurance may obtain from’’ after ‘‘10
individuals,’’;
(II) by striking ‘‘may’’ and in-
serting ‘‘and’’; and
(III) by inserting a comma before
‘‘written support’’; and
(D) in paragraph (4)(C)(iii), by striking
‘‘the appropriate State’’ and inserting ‘‘any ap-
propriate’’; and
(4) in subsection (i)(1) by inserting ‘‘health
care facilities,’’ after ‘‘assisted living facilities,’’.
SEC. 503. HOSPITALS AND HOSPITAL-BASED HEALTH CARE
FACILITIES.
Section 242 of the National Housing Act (12 U.S.C.
1715z–7) is amended—
(1) in subsection (b)—
(A) in paragraph (1)—
(i) in subparagraph (A), by inserting
‘‘and’’ after the semicolon at the end;
119
(ii) by striking subparagraph (B);
(iii) in subparagraph (C), by striking
the period at the end and inserting ‘‘;
and’’; and
(iv) by redesignating subparagraph
(C) as subparagraph (B);
(B) in paragraph (2), by striking ‘‘respect-
fully’’ and all that follows and inserting ‘‘given
such terms in section 207(a), except that the
term ‘mortgage’ shall include a parity first
mortgage or parity first deed of trust, subject
to such terms and conditions as the Secretary
may provide.’; and
(C) by adding at the end the following new
paragraph:
‘‘(3) the term ‘health care facility’ has the
meaning given such term in section 232(b).’’;
(2) in subsection (d)—
(A) in the matter preceding paragraph (1),
by inserting after ‘‘operation,’’ the following:
‘‘or which covers a health care facility owned or
to be owned by an applicant or proposed mort-
gagor which also owns a hospital, including
equipment to be used in its operation,’’;
(B) in paragraph (1)—
120
(i) in the first sentence, by inserting
before the period at the end the following:
‘‘and who, in the case of a mortgage cov-
ering a health care facility, is also the
owner of a hospital facility’’; and
(ii) by adding at the end the following
new sentence: ‘‘A mortgage covering a
health care facility may only cover the
property on which the eligible facility will
be located.’’;
(C) in paragraph (2)(A) by inserting ‘‘or
health care facility’’ before the comma; and
(D) in paragraph (4)—
(i) in the first sentence, by inserting
‘‘for a hospital’’ after ‘‘any mortgage’’;
(ii) by striking the third sentence and
inserting the following: ‘‘If no such State
agency exists, or if the State agency exists
but is not empowered to provide a certifi-
cation that there is a need for the hospital
as set forth in clause (A) of the first sen-
tence, the Secretary shall not insure any
such mortgage under this section unless:
(A) the proposed mortgagor or applicant
for the hospital has commissioned and paid
121
for the preparation of an independent
study of market need for the proposed
project that: (i) is prepared in accordance
with the principles established by the Sec-
retary, in consultation with the Secretary
of Health and Human Services (to the ex-
tent the Secretary of Housing and Urban
Development considers appropriate); (ii)
assesses, on a marketwide basis, the im-
pact of the proposed hospital on, and its
relationship to, other facilities providing
health care services, the percentage of ex-
cess beds, demographic projections, alter-
native health care delivery systems, and
the reimbursement structure of the hos-
pital; (iii) is addressed to and is acceptable
to the Secretary in form and substance;
and (iv) is prepared by a financial consult-
ant selected by the proposed mortgagor or
applicant and approved by the Secretary;
and (B) the State complies with the other
provisions of this paragraph that would
otherwise be required to be met by a State
agency designated in accordance with sec-
tion 604(a)(1) or section 1521 of the Pub-
122
lic Health Service Act. A study commis-
sioned or undertaken by the State in which
the hospital will be located shall be consid-
ered to satisfy such market study require-
ment.’’; and
(iii) in the last sentence, by striking
‘‘feasibility’’; and
(3) in subsection (f), by inserting ‘‘and public
health care facilities’’ after ‘‘public hospitals’’.
SEC. 504. HOME EQUITY CONVERSION MORTGAGES.
(a) INSURANCE FOR MORTGAGES TO REFINANCE EX-
ISTING HECMS.—
(1) IN GENERAL.—Section 255 of the National
Housing Act (12 U.S.C. 1715z–20) is amended—
(A) by redesignating subsection (k) as sub-
section (l); and
(B) by inserting after subsection (j) the
following new subsection:
‘‘(k) INSURANCE AUTHORITY FOR REFINANCINGS.—
‘‘(1) IN GENERAL.—The Secretary may, upon
application by a mortgagee, insure under this sub-
section any mortgage given to refinance an existing
home equity conversion mortgage insured under this
section.
123
‘‘(2) ANTI-CHURNING DISCLOSURE.—The Sec-
retary shall, by regulation, require that the mort-
gagee of a mortgage insured under this subsection,
provide to the mortgagor, within an appropriate time
period and in a manner established in such regula-
tions, a good faith estimate of: (A) the total cost of
the refinancing; and (B) the increase in the mortga-
gor’s principal limit as measured by the estimated
initial principal limit on the mortgage to be insured
under this subsection less the current principal limit
on the home equity conversion mortgage that is
being refinanced and insured under this subsection.
‘‘(3) 
WAIVER
OF
COUNSELING
REQUIRE-
MENT.—The mortgagor under a mortgage insured
under this subsection may waive the applicability,
with respect to such mortgage, of the requirements
under subsection (d)(2)(B) (relating to third party
counseling), but only if—
‘‘(A) the mortgagor has received the disclo-
sure required under paragraph (2);
‘‘(B) the increase in the principal limit de-
scribed in paragraph (2) exceeds the amount of
the total cost of refinancing (as described in
such paragraph) by an amount to be deter-
mined by the Secretary; and
124
‘‘(C) the time between the closing of the
original home equity conversion mortgage that
is refinanced through the mortgage insured
under this subsection and the application for a
refinancing mortgage insured under this sub-
section does not exceed 5 years.
‘‘(4) CREDIT FOR PREMIUMS PAID.—Notwith-
standing section 203(c)(2)(A), the Secretary may re-
duce the amount of the single premium payment
otherwise collected under such section at the time of
the insurance of a mortgage refinanced and insured
under this subsection. The amount of the single pre-
mium for mortgages refinanced under this sub-
section shall be determined by the Secretary based
on the actuarial study required under paragraph (5).
‘‘(5) ACTUARIAL STUDY.—Not later than 180
days after the date of the enactment of this sub-
section, the Secretary shall conduct an actuarial
analysis to determine the adequacy of the insurance
premiums collected under the program under this
subsection with respect to—
‘‘(A) a reduction in the single premium
payment collected at the time of the insurance
of a mortgage refinanced and insured under
this subsection;
125
‘‘(B) the establishment of a single national
limit on the benefits of insurance under sub-
section (g) (relating to limitation on insurance
authority); and
‘‘(C) the combined effect of reduced insur-
ance premiums and a single national limitation
on insurance authority.
‘‘(6) FEES.—The Secretary may establish a
limit on the origination fee that may be charged to
a mortgagor under a mortgage insured under this
subsection, except that such limitation shall provide
that the origination fee may be fully financed with
the mortgage and shall include any fees paid to cor-
respondent mortgagees approved by the Secretary.
The Secretary shall prohibit the charging of any
broker fees in connection with mortgages insured
under this subsection.’’.
(2) REGULATIONS.—Notwithstanding sections 2
and 3 of the Preserving Affordable Housing for Sen-
ior Citizens and Families into the 21st Century Act,
the Secretary shall issue any final regulations nec-
essary to implement the amendments made by para-
graph (1) of this subsection, which shall take effect
not later than the expiration of the 180-day period
beginning on the date of the enactment of this Act.
126
The regulations shall be issued after notice and op-
portunity for public comment in accordance with the
procedure under section 553 of title 5, United States
Code, applicable to substantive rules (notwith-
standing subsections (a)(2), (b)(B), and (d)(3) of
such section).
(b) STUDY
OF
SINGLE
NATIONAL
MORTGAGE
LIMIT.—The Secretary of Housing and Urban Develop-
ment shall conduct an actuarially based study of the ef-
fects of establishing, for mortgages insured under section
255 of the National Housing Act (12 U.S.C. 1715z–20),
a single maximum mortgage amount limitation in lieu of
applicability of section 203(b)(2) of such Act (12 U.S.C.
1709(b)(2)). The study shall—
(1) examine the effects of establishing such lim-
itation at different dollar amounts; and
(2) examine the effects of such various limita-
tions on—
(A) the risks to the General Insurance
Fund established under section 519 of such
Act;
(B) the mortgage insurance premiums that
would be required to be charged to mortgagors
to ensure actuarial soundness of such Fund;
and
127
(C) take into consideration the various ap-
proaches to providing credit to borrowers who
refinance home equity conversion mortgages in-
sured under section 255 of such Act.
Not later than 180 days after the date of the enactment
of this Act, the Secretary shall complete the study under
this subsection and submit a report describing the study
and the results of the study to the Committee on Banking
and Financial Services of the House of Representatives
and to the Committee on Banking, Housing, and Urban
Affairs of the Senate.
Passed the House of Representatives September 27,
1999.
Attest:
Clerk.