US Congress House Bill 2997 (Prior Session Legislation)

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Sponsorship: Slight Partisan Bill (Democrat 3-1)
Status: Engrossed on July 15 2015 - 50% progression, died in committee
Action: 2015-07-15 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]

Private Investment in Housing Act of 2015 (Sec. 2) Directs the Department of Housing and Urban Development (HUD) to establish a demonstration program under which, in FY2016 through FY2019, HUD may execute budget-neutral, performance-based agreements (for up to 12 years each) that result in a reduction in energy or water costs with appropriate entities to carry out projects for energy or water conservation improvements at up to 20,000 residential units in multifamily buildings participating in: Section 8 project-based rental assistance programs under the United States Housing Act of 1937, other than Section 8 (voucher program) assistance; supportive housing for the elderly programs under the Housing Act of 1959; or supportive housing for persons with disabilities programs under the Cranston-Gonzalez National Affordable Housing Act. Specifies requirements for payment under an agreement, which shall be contingent on documented utility savings, as well as for agreement terms, eligibility, geographical diversity, and funding for the program. Limits this demonstration program to properties subject to affordability restrictions, which may be through an affordability agreement under a new housing assistance payments contract with HUD, or through an enforceable covenant with the property owner, for at least 15 years after completion of any conservation improvements made under the program. Requires HUD to submit to specified congressional committees a detailed plan for the implementation of this Act. Authorizes HUD, for each fiscal year during which an agreement is in effect, to use any HUD appropriated funds for the renewal of contracts under the program.

Private Investment in Housing Act of 2015

Rep. Dennis Ross [R-FL]

Rep. Emanuel Cleaver [D-MO]

Rep. James Himes [D-CT]

Rep. John Delaney [D-MD]

2015-07-14 - House - On Motion to Suspend the Rules and Pass (Y: 395 N: 28 NV: 10 Abs: 0) [PASS]

Date	Chamber	Action
2015-07-15	Senate	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2015-07-14	House	Motion to reconsider laid on the table Agreed to without objection.
2015-07-14	House	On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 395 - 28 (Roll no. 436). (text: CR H5135-5136)
2015-07-14	House	Considered as unfinished business. (consideration: CR H5150-5151)
2015-07-14	House	At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
2015-07-14	House	DEBATE - The House proceeded with forty minutes of debate on H.R. 2997.
2015-07-14	House	Considered under suspension of the rules. (consideration: CR H5135-5137)
2015-07-14	House	Mr. Luetkemeyer moved to suspend the rules and pass the bill.
2015-07-09	House	Referred to the House Committee on Financial Services.
2015-07-09	House	Introduced in House

HB3700 (Related) 2016-07-29 - Became Public Law No: 114-201. (TXT | PDF)
HB22 (Related) 2015-12-04 - Became Public Law No: 114-94. (TXT | PDF)

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/2997/all-info
Text	https://www.congress.gov/114/bills/hr2997/BILLS-114hr2997ih.pdf
Text	https://www.congress.gov/114/bills/hr2997/BILLS-114hr2997eh.pdf
Roll Call	https://clerk.house.gov/Votes/2015436