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US HR6864

US HR6864
HUD Accountability Act of 2024


summary

Introduced
12/19/2023
In Committee
02/29/2024
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A BILL To amend the Department of Housing and Urban Development Act to require the Secretary of Housing and Urban Development to testify on an annual basis before the Congress.

AI Summary

This bill, the HUD Accountability Act of 2024, requires the Secretary of the Department of Housing and Urban Development (HUD) to testify annually before the House Financial Services Committee and the Senate Banking, Housing, and Urban Affairs Committee. The testimony must cover topics such as the government's progress in addressing the affordable housing and homelessness crises, HUD's current programs and operations, the physical condition of public and HUD-assisted housing, the financial health of the Federal Housing Administration's (FHA) mortgage insurance funds, oversight of HUD grantees to prevent waste, fraud, and abuse, and the effects of changes to the federal income tax deduction for state and local taxes (SALT deduction) on the cost of homeownership in the United States. This annual testimony requirement is set to last for 5 years after the bill's enactment.

Committee Categories

Business and Industry

Sponsors (5)

Last Action

Placed on the Union Calendar, Calendar No. 488. (on 07/18/2024)

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