To reform rural housing programs, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To reform rural housing programs, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Housing, Government Operations.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section S1: 1. Short title; table of contents This Act may be cited as the Rural Housing Service Reform Act of 2023. The table of contents of this Act is as follows:
- Section id0FF184752F51417EACD3C1C50D853C40: 101. Application of multifamily mortgage foreclosure procedures to multifamily mortgages held by the Secretary of Agriculture and preservation of the rental...
- Section idEB553280100647A98C3F08E4A7CD06A6: 102. Study on rural housing loans for housing for low- and moderate-income families Not later than 6 months after the date of enactment of this Act, the...
- Section id10F8C8D7CC384B648CD9FBAA6BC9AB72: 103. Authorization of appropriations for staffing needs and information technology upgrades There is authorized to be appropriated to the Secretary of...
- Section H4F1533B3601D4A5DAB75FA04B28F5C13: 201. Permanent establishment of housing preservation and revitalization program Title V of the Housing Act of 1949 (42 U.S.C. 1471 et seq.) is amended by...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To reform rural housing programs, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Housing, Government Operations
Primary Purpose
This bill, To reform rural housing programs, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Tina Smith
D-MN | Primary Sponsor
Legislative Progress
IntroducedMs. Smith (for herself and Mr. Rounds) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → Secretary of the Treasury
- "secretary_of_agriculture"
- → Secretary of Agriculture
Key Definitions
Terms defined in this bill
a qualified— private, nonprofit organization
an entity— that has been certified as a community development financial institution by the Secretary of the Treasury
a qualified— private, nonprofit organization
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology