Amendment · S.Amdt. 4359· Senate(119-SAMDT-4359)
S.Amdt. 4359
- Introduced
- 3/5/2026
- Sponsored by
- Mazie Hirono
- Cosponsors
- None
- Changes bill
- 119-HR-6644 — 21st Century ROAD to Housing Act
- Introduced
- Pending Consideration
- Failed
What this amendment would do
This amendment, submitted by Ms. Hirono for bill H.R. 6644, aims to change how the Section 502 Direct Loan Program is managed. It adds requirements for the Secretary to follow before making changes to regulations, handbooks, or procedures for these loans.
Purpose and Changes
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Required Actions: The Secretary must publish proposed changes for public comment and inform specific House and Senate committees: the Committee on Appropriations (Senate and House), the Committee on Banking, Housing, and Urban Affairs (Senate), and the Committee on Financial Services (House).
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Timeline and Enforcement: These requirements apply to changes made on or after February 10, 2026. If the Secretary implemented changes between February 10, 2026, and the date the Act is enacted without following these steps, the Secretary must repeal those changes and cannot reimplement them without complying.
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Sunset Date: These new requirements are set to end on February 10, 2027.
- 3/5/2026
- Senate amendment submitted
This bill has no cosponsors