US Congress Senate Bill 2836 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on December 4 2009 - 25% progression, died in chamber
Action: 2009-12-04 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Text: Latest bill text (Introduced) [PDF]

Asset Management Improvement Act of 2009 - Prohibits the Secretary of Housing and Urban Development (HUD) from imposing restrictions or limitations on the amount of management and related fees for a public housing project which the public housing agency (PHA) determines reasonable, unless such restriction or limitation: (1) is determined pursuant to a negotiated rulemaking convened by the Secretary no earlier than April 1, 2010, with representatives from interested parties; and (2) is effective only on or after January 1, 2012. Allows any PHA that owns or operates fewer than 500 public housing units under the United States Housing Act of 1937 to elect to be exempt from asset management requirements imposed by the Secretary. Prohibits the Secretary from imposing any requirement relating to asset management restricting the use by PHAs of amounts for Capital Fund assistance for costs of any PHA central office. Requires the Secretary to ensure that PHAs encourage the reasonable efforts of residents to organize.

Asset Management Improvement Act of 2009

Sen. Herb Kohl [D-WI]

Sen. Olympia Snowe [R-ME]

Date	Chamber	Action
2009-12-04		Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2009-12-04		Sponsor introductory remarks on measure. (CR S12414-12415)

HB1048 (Related) 2009-02-12 - Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/senate-bill/2836/all-info
Text	https://www.congress.gov/111/bills/s2836/BILLS-111s2836is.pdf