H. R. 4173—834 
‘‘(d) COVERAGE OF EXISTING PROGRAMS.—The Secretary shall 
allow funds to be administered by a State that has an existing 
program that is determined by the Secretary to provide substan-
tially similar assistance to homeowners. After such determination 
is made such State shall not be required to modify such program 
to comply with the provisions of this title.’’; 
(6) in section 109 (12 U.S.C. 2708)— 
(A) in the section heading, by striking ‘‘AUTHORIZATION 
AND’’; 
(B) by striking subsection (a); 
(C) by striking ‘‘(b)’’; and 
(D) by striking ‘‘1977’’ and inserting ‘‘2011’’; 
(7) by striking sections 110, 111, and 113 (12 U.S.C. 2709, 
2710, 2712); and 
(8) by redesignating section 112 (12 U.S.C. 2711) as section 
110. 
SEC. 1497. ADDITIONAL ASSISTANCE FOR NEIGHBORHOOD STABILIZA-
TION PROGRAM. 
(a) IN GENERAL.—Effective October 1, 2010, out of funds in 
the Treasury not otherwise appropriated, there is hereby made 
available to the Secretary of Housing and Urban Development 
$1,000,000,000, and the Secretary of Housing and Urban Develop-
ment shall use such amounts for assistance to States and units 
of general local government for the redevelopment of abandoned 
and foreclosed homes, in accordance with the same provisions 
applicable under the second undesignated paragraph under the 
heading ‘‘Community Planning and Development—Community 
Development Fund’’ in title XII of division A of the American 
Recovery and Reinvestment Act of 2009 (Public Law 111–5; 123 
Stat. 217) to amounts made available under such second undesig-
nated paragraph, except as follows: 
(1) Notwithstanding the matter of such second undesig-
nated paragraph that precedes the first proviso, amounts made 
available by this section shall remain available until expended. 
(2) The 3rd, 4th, 5th, 6th, 7th, and 15th provisos of such 
second undesignated paragraph shall not apply to amounts 
made available by this section. 
(3) Amounts made available by this section shall be allo-
cated based on a funding formula for such amounts established 
by the Secretary in accordance with section 2301(b) of the 
Housing and Economic Recovery Act of 2008 (42 U.S.C. 5301 
note), except that— 
(A) notwithstanding paragraph (2) of such section 
2301(b), the formula shall be established not later than 
30 days after the date of the enactment of this Act; 
(B) notwithstanding such section 2301(b), each State 
shall receive, at a minimum, not less than 0.5 percent 
of funds made available under this section; 
(C) the Secretary may establish a minimum grant 
amount for direct allocations to units of general local 
government located within a State, which shall not exceed 
$1,000,000; 
(D) each State and local government receiving grant 
amounts shall establish procedures to create preferences
H. R. 4173—835 
for the development of affordable rental housing for prop-
erties assisted with amounts made available by this section; 
and 
(E) the Secretary may use not more than 2 percent 
of the funds made available under this section for technical 
assistance to grantees. 
(4) Paragraph (1) of section 2301(c) of the Housing and 
Economic Recovery Act of 2008 shall not apply to amounts 
made available by this section. 
(5) The fourth proviso from the end of such second undesig-
nated paragraph shall be applied to amounts made available 
by this section by substituting ‘‘2013’’ for ‘‘2012’’. 
(6) Notwithstanding section 2301(a) of the Housing and 
Economic Recovery Act of 2008, the term ‘‘State’’ means any 
State, as defined in section 102 of the Housing and Community 
Development Act of 1974 (42 U.S.C. 5302), and the District 
of Columbia, for purposes of this section and this title, as 
applied to amounts made available by this section. 
(7)(A) None of the amounts made available by this section 
shall be distributed to— 
(i) any organization which has been convicted for a 
violation under Federal law relating to an election for 
Federal office; or 
(ii) any organization which employs applicable individ-
uals. 
(B) In this paragraph, the term ‘‘applicable individual’’ 
means an individual who— 
(i) is— 
(I) employed by the organization in a permanent 
or temporary capacity; 
(II) contracted or retained by the organization; 
or 
(III) acting on behalf of, or with the express or 
apparent authority of, the organization; and 
(ii) has been convicted for a violation under Federal 
law relating to an election for Federal office. 
(8) An eligible entity receiving a grant under this section 
shall, to the maximum extent feasible, provide for the hiring 
of employees who reside in the vicinity, as such term is defined 
by the Secretary, of projects funded under this section or con-
tract with small businesses that are owned and operated by 
persons residing in the vicinity of such projects. 
(b) ADDITIONAL AMENDMENTS.— 
(1) SECTION 2301.—Section 2301(f)(3)(A)(ii) of the Housing 
and 
Economic 
Recovery 
Act 
of 
2008 
(42 
U.S.C. 
5301(f)(3)(A)(ii))— 
(A) is amended by striking ‘‘for the purchase and 
redevelopment of abandoned and foreclosed upon homes 
or residential properties that will be used’’; and 
(B) shall apply with respect to any unexpended or 
unobligated balances, including recaptured and reallocated 
funds made available under this Act, section 2301 of the 
Housing and Economic Recovery Act of 2008 (42 U.S.C. 
5301), and the heading ‘‘Community Planning and Develop-
ment—Community Development Fund’’ in title XII of divi-
sion A of the American Recovery and Reinvestment Act 
of 2009 (Public Law 111-5; 123 Stat. 217).
H. R. 4173—836 
(2) NOTICE
OF
FORECLOSURE.—For any amounts made 
available under this section, under division B, title III of the 
Housing and Economic Recovery Act of 2008 (42 U.S.C. 5301), 
or under the heading ‘‘Community Planning and Development— 
Community Development Fund’’ in title XII of division A of 
the American Recovery and Reinvestment Act of 2009 (Public 
Law 111-5; 123 Stat. 217), the date of a notice of foreclosure 
shall be deemed to be the date on which complete title to 
a property is transferred to a successor entity or person as 
a result of an order of a court or pursuant to provisions in 
a mortgage, deed of trust, or security deed. 
SEC. 1498. LEGAL ASSISTANCE FOR FORECLOSURE-RELATED ISSUES. 
(a) ESTABLISHMENT.—The Secretary of Housing and Urban 
Development (hereafter in this section referred to as the ‘‘Sec-
retary’’) shall establish a program for making grants for providing 
a full range of foreclosure legal assistance to low- and moderate- 
income homeowners and tenants related to home ownership 
preservation, home foreclosure prevention, and tenancy associated 
with home foreclosure. 
(b) COMPETITIVE ALLOCATION.—The Secretary shall allocate 
amounts made available for grants under this section to State 
and local legal organizations on the basis of a competitive process. 
For purposes of this subsection ‘‘State and local legal organizations’’ 
are those State and local organizations whose primary business 
or mission is to provide legal assistance. 
(c) PRIORITY
TO CERTAIN AREAS.—In allocating amounts in 
accordance with subsection (b), the Secretary shall give priority 
consideration to State and local legal organizations that are oper-
ating in the 125 metropolitan statistical areas (as that term is 
defined by the Director of the Office of Management and Budget) 
with the highest home foreclosure rates. 
(d) LEGAL ASSISTANCE.— 
(1) IN GENERAL.—Any State or local legal organization that 
receives financial assistance pursuant to this section may use 
such amounts only to assist— 
(A) homeowners of owner-occupied homes with mort-
gages in default, in danger of default, or subject to or 
at risk of foreclosure; and 
(B) tenants at risk of or subject to eviction as a result 
of foreclosure of the property in which such tenant resides. 
(2) COMMENCE USE WITHIN 90 DAYS.—Any State or local 
legal organization that receives financial assistance pursuant 
to this section shall begin using any financial assistance 
received under this section within 90 days after receipt of 
the assistance. 
(3) PROHIBITION ON CLASS ACTIONS.—No funds provided 
to a State or local legal organization under this section may 
be used to support any class action litigation. 
(4) LIMITATION
ON
LEGAL
ASSISTANCE.—Legal assistance 
funded with amounts provided under this section shall be lim-
ited to mortgage-related default, eviction, or foreclosure pro-
ceedings, without regard to whether such foreclosure is judicial 
or nonjudicial. 
(5) EFFECTIVE DATE.—Notwithstanding any other provision 
of this Act, this subsection shall take effect on the date of 
the enactment of this Act.
H. R. 4173—837 
(e) LIMITATION ON DISTRIBUTION OF ASSISTANCE.— 
(1) IN
GENERAL.—None of the amounts made available 
under this section shall be distributed to— 
(A) any organization which has been convicted for a 
violation under Federal law relating to an election for 
Federal office; or 
(B) any organization which employs applicable individ-
uals. 
(2) DEFINITION OF APPLICABLE INDIVIDUALS.—In this sub-
section, the term ‘‘applicable individual’’ means an individual 
who— 
(A) is— 
(i) employed by the organization in a permanent 
or temporary capacity; 
(ii) contracted or retained by the organization; or 
(iii) acting on behalf of, or with the express or 
apparent authority of, the organization; and 
(B) has been convicted for a violation under Federal 
law relating to an election for Federal office. 
(f) AUTHORIZATION OF APPROPRIATIONS.—There are authorized 
to be appropriated to the Secretary $35,000,000 for each of fiscal 
years 2011 through 2012 for grants under this section. 
TITLE XV—MISCELLANEOUS 
PROVISIONS 
SEC. 1501. RESTRICTIONS ON USE OF UNITED STATES FUNDS FOR 
FOREIGN GOVERNMENTS; PROTECTION OF AMERICAN 
TAXPAYERS. 
The Bretton Woods Agreements Act (22 U.S.C. 286 et seq.) 
is amended by adding at the end the following: 
‘‘SEC. 68. RESTRICTIONS ON USE OF UNITED STATES FUNDS FOR FOR-
EIGN GOVERNMENTS; PROTECTION OF AMERICAN TAX-
PAYERS. 
‘‘(a) IN GENERAL.—The Secretary of the Treasury shall instruct 
the United States Executive Director at the International Monetary 
Fund— 
‘‘(1) to evaluate, prior to consideration by the Board of 
Executive Directors of the Fund , any proposal submitted to 
the Board for the Fund to make a loan to a country if— 
‘‘(A) the amount of the public debt of the country 
exceeds the gross domestic product of the country as of 
the most recent year for which such information is avail-
able; and 
‘‘(B) the country is not eligible for assistance from 
the International Development Association. 
‘‘(2) OPPOSITION
TO
LOANS
UNLIKELY
TO
BE
REPAID
IN 
FULL.—If any such evaluation indicates that the proposed loan 
is not likely to be repaid in full, the Secretary of the Treasury 
shall instruct the United States Executive Director at the Fund 
to use the voice and vote of the United States to oppose the 
proposal. 
‘‘(b) REPORTS TO CONGRESS.—Within 30 days after the Board 
of Executive Directors of the Fund approves a proposal described 
in subsection (a), and annually thereafter by June 30, for the