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H. Rept. 116-198 1 (2019-09-06)

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                    116TH CONGRESS                                         REPORT
                       1st Session    HOUSE OF REPRESENTATIVES             116-198







                         STRATEGY AND INVESTMENT IN RURAL HOUSING
                                     PRESERVATION ACT OF 2019



                    SEPTEMBER 6, 2019.-Committed to the Committee of the Whole House on the State
                                      of the Union and ordered to be printed



                          Ms. WATERS, from the Committee on Financial Services,
                                          submitted the following


                                             REPORT

                                           [To accompany H.R. 3620]

                              [Including cost estimate of the Congressional Budget Office]

                      The Committee on Financial Services, to whom was referred the
                    bill (H.R. 3620) to provide rental assistance to low-income tenants
                    in certain multifamily rural housing projects financed by the Rural
                    Housing Service of the Department of Agriculture, and to develop
                    and implement a plan for preserving the affordability of rural rent-
                    al housing, and for other purposes, having considered the same, re-
                    port favorably thereon with an amendment and recommend that
                    the bill as amended do pass.

                                                 CONTENTS
                                                                                    Page
                    Purpose and Sum m ary  ...........................................................................................  5
                    Background and Need  for  Legislation  ...................................................................  5
                    Section-by-Section  A nalysis  ................................................................................... .  7
                    H e arin g s  ...................................................................................................................  10
                    C om m ittee  C onsideration  ........................................................................................  10
                    Com m ittee  Votes  and  Roll Call Votes  ....................................................................  10
                    Statement of Oversight Findings and Recommendations of the Committee ......        12
                    Statement of Performance Goals and Objectives .................................................. 12
                    New Budget Authority   and  CBO  Cost Estimate  ...................................................  12
                    C om m ittee  C ost  E stim ate  .......................................................................................  15
                    U nfunded  M andate  Statem ent  ...............................................................................  15
                    A dvisory  C om m ittee  ................................................................................................  16
                    Application  of Law  to  the  Legislative  Branch  .......................................................  16
                    E arm ark  Statem ent  .................................................................................................  16
                    Duplication  of  Federal Program s  ............................................................................  16
                    C h anges  to  E xisting  L aw   ........................................................................................  16
                      The amendment is as follows:
                      89-006