An annual report on review times runs for five years, starting two years after enactment
What the document says“The Secretary shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives an annual report during the 5-year period beginning on the date that is 2 years after the date of enactment of this Act”
The section requires the Secretary to report each year for five years, starting two years after enactment, to the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services. Each report must summarize findings on reductions in review times and administrative cost, with particular focus on the affordable housing sector, and carry any recommendations for revising categorical exclusions or exemptions in title 24 of the Code of Federal Regulations.
What the document actually says“The Secretary shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives an annual report during the 5-year period beginning on the date that is 2 years after the date of enactment of this Act”
The housing agency must send Congress a report each year. The reports start two years after this law passes. They run for five years.
The reports ask whether reviews got faster and cheaper. They look hardest at affordable housing. They can also ask Congress to change the rules again.
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