Ensuring Proper Community Investments Act of 2013

Ensuring Proper Community Investments Act of 2013 - Amends the Housing and Community Development Act of 1974 to prohibit a metropolitan city, urban county, local government, Indian tribe, or insular area that receives a community development block grant from the Secretary of Housing and Urban Development (HUD), or through a state allocation, from selling, trading, or otherwise transferring all or any portion of such grant to or for any other such entity.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 971 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 971

    To prohibit the sale or trade to another community of community 
                 development block grant award amounts.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 5, 2013

  Mr. Paulsen (for himself and Mr. McHenry) introduced the following 
    bill; which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
    To prohibit the sale or trade to another community of community 
                 development block grant award amounts.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Ensuring Proper Community 
Investments Act of 2013''.

SEC. 2. PROHIBITION ON SALE OR TRADE OF COMMUNITY DEVELOPMENT BLOCK 
              GRANT AWARDS.

    (a) Prohibition.--Section 105 of the Housing and Community 
Development Act of 1974 (42 U.S.C. 5305) is amended by adding at the 
end the following new subsection:
    ``(i) Prohibition on Sale or Trade of Awards.--A metropolitan city, 
urban county, unit of general local government, or Indian tribe, or 
insular area that receives a grant of amounts under this title from the 
Secretary or through a State allocation pursuant to section 106(d) may 
not sell, trade, or otherwise transfer all or any portion of such 
amounts to or for any other metropolitan city, urban county, unit of 
general local government, Indian tribe or insular area.''.
    (b) Regulations.--The Secretary of Housing and Urban Development 
shall issue any regulations necessary to carry out section 105(i) of 
the Housing and Community Development Act of 1974, as added by the 
amendment made by subsection (a) of this section, not later than the 
expiration of the 90-day period beginning on the date of the enactment 
of this Act.
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