109th CONGRESS
2d Session
S. 2597
To facilitate homeownership in high-cost areas.
IN THE SENATE OF THE UNITED STATES
April 7, 2006
Mrs. CLINTON introduced the following bill; which was read twice and referred
to the Committee on Banking, Housing, and Urban Affairs
A BILL
To facilitate homeownership in high-cost areas.
Be it enacted by the Senate and House of Representatives of the United
States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Federal Housing Fairness Act of 2006'.
SEC. 2. FHA SINGLE FAMILY HOUSING MAXIMUM MORTGAGE LIMIT.
Section 203(b)(2)(A) of the National Housing Act (12 U.S.C. 1709(b)(2)(A))
is amended--
(1) in clause (i), by striking `95 percent' and inserting `100 percent';
(A) by striking `87 percent ' and inserting `100 percent' ; and
(B) by striking `for Fiscal Year' and inserting a comma; and
(3) by moving subparagraph (A), including clauses (i) and (ii) of such
subparagraph, 2 ems to the right.
END
