WASHINGTON, D.C. – (RealEstateRama) — This week, the Financial Services Committee approved three bills, bringing the total number of bills reported out of the Committee this Congress to 102.
“These three important measures support the Committee’s continued efforts to increase housing mobility for low-income families, create opportunity for individuals recovering from opioid addiction, and improve our security review process to support U.S. foreign investment,” said Committee Chairman Jeb Hensarling (R-TX). “I want to thank all of our members for their hard work and leadership on these important bills.”
Below is a list of the bills the committee reported favorably to the House for further consideration:
H.R. 5735, the Transitional Housing for Recovery in Viable Environments Demonstration Program Act
Introduced by Representative Andy Barr (R-KY), the “Transitional Housing for Recovery in Viable Environments Demonstration Program Act,” amends the United States Housing Act of 1937 to establish a demonstration program to set aside section 8 housing vouchers for supportive and transitional housing for individuals recovering from opioid use disorders or other substance use disorders.
The bill passed 39-19.
H.R. 5793, the Housing Choice Voucher Mobility Demonstration Act of 2018
Introduced by Representative Sean Duffy (R-WI), the “Housing Choice Voucher Mobility Demonstration Act of 2018” authorizes the Secretary of Housing and Urban Development to carry out a housing choice voucher mobility demonstration to encourage families receiving such voucher assistance to move to lower-poverty areas and expand access to opportunity areas.
The bill passed 54-0.
H.R. 5841, the Foreign Investment Risk Review Modernization Act of 2018
Introduced by Representative Robert Pittenger (R-NC), the “Foreign Investment Risk Review Modernization Act of 2018,” modernizes and strengthens the Committee on Foreign Investment in the United States to more effectively guard against the risk to the national security of the United States posed by certain types of foreign investment.
The bill passed 53-0.