The Treasury may write rules, but may not change the definitions
What the document says“no regulation issued under subparagraph (A) may amend the definitions of the terms defined under subsection (a), including to--”
The section lets the Secretary of the Treasury, consulting the Secretary of Housing and Urban Development, the Director of the Federal Housing Finance Agency, and the Chair of the Securities and Exchange Commission, issue notice and comment regulations to carry out the section, including to minimize market disruption and mitigate harm to consumers and communities. No such regulation may amend the definitions in subsection (a), including by altering the scope or types of excepted purchases in a way that undermines the goal of expanding homes available to individual households, adding a category of large institutional investor, or altering the numerical threshold in that definition.
What the document actually says“no regulation issued under subparagraph (A) may amend the definitions of the terms defined under subsection (a), including to--”
A rule made under this part may not change the words the law defines. Four things in particular are named as out of bounds.
The Treasury may still write rules to carry the part out. It may act to keep the market steady. It may not move the line at 350 homes.
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