US Congress Senate Bill 2162 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 12-0)
Status: Introduced on March 6 2012 - 25% progression, died in chamber
Action: 2012-05-08 - Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-677.
Text: Latest bill text (Introduced) [PDF]

Project Rebuild Act - Appropriates funds for assistance to eligible entities, including state and local governments, and qualified nonprofit organizations, businesses or eligible consortia, for the redevelopment of abandoned and foreclosed-upon properties and for stabilization of affected neighborhoods (Project Rebuild). Allows such grantees to give priority emphasis and consideration to areas that have lost occupiable housing stock within three years of the enactment of this Act due to the effects of presidentially declared disasters. Allows the use of funds to: (1) establish financing mechanisms for the purchase and redevelopment of abandoned and foreclosed-upon properties; (2) purchase and rehabilitate such properties; (3) establish and operate land banks for them, as well as for properties demolished or severely damaged by presidentially declared disasters; (4) demolish blighted structures (except public housing); and (5) redevelop abandoned, foreclosed, demolished, or vacant properties. Requires each state to receive at least $20 million of formula funds, all of which shall be used with respect to low and moderate-income individuals and families. Requires each state and local government grantee to establish procedures to create preferences for development of affordable rental housing. Allows a grantee to use up to 10% to create jobs by establishing and operating a program to maintain eligible neighborhood properties. Subjects amounts appropriated, revenues generated, and amounts otherwise made available under this Act to: (1) the requirement of the Housing and Community Development Act of 1974 that all laborers and mechanics employed by contractors and subcontractors on federally-assisted projects be paid wages at the locally prevailing rates (Davis-Bacon Act); and (2) the Secretary's authority to waive such wage rate and certain employment protection requirements with respect to grants to Indian tribes.

Project Rebuild Act

Sen. Jack Reed [D-RI]	Sen. Daniel Akaka [D-HI]	Sen. Mark Begich [D-AK]	Sen. Richard Blumenthal [D-CT]
Sen. Sherrod Brown [D-OH]	Sen. Richard Durbin [D-IL]	Sen. Al Franken [D-MN]	Sen. Kirsten Gillibrand [D-NY]
Sen. Patrick Leahy [D-VT]	Sen. Jeff Merkley [D-OR]	Sen. Charles Schumer [D-NY]	Sen. Sheldon Whitehouse [D-RI]

Date	Chamber	Action
2012-05-08	Senate	Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-677.
2012-03-06	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2012-03-06	Senate	Sponsor introductory remarks on measure. (CR S1424-1425)

HB12 (Related) 2011-10-21 - Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
HB3502 (Related) 2012-01-12 - Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
SB1549 (Related) 2011-09-14 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 165.
SB1660 (Related) 2011-10-11 - Motion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the bill made in Senate. (consideration: CR S6383)

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/2162/all-info
Text	https://www.congress.gov/112/bills/s2162/BILLS-112s2162is.pdf