74100 MARCH 31 AND APRIL 1, 1948 Printed for the use of the Committee on Banking and Currency UNITED STATES WASHINGTON: 1948 maß 4/26/48 HI7273 CONTENTS Statement of- Foley, Raymond M., Administrator, Housing and Home Finance Exhibits, letters, statements, etc., submitted for the record by- Clark, Lewis J., secretary-treasurer, United Packinghouse Workers 216 Statement before Joint Committee on the Economic Report-- Table, Goverment fiscal commitments under General Housing Act__ Ketchum, Omar B., director, legislative service, Veterans of Foreign 215 III 67 HOUSING WEDNESDAY, MARCH 31, 1948 UNITED STATES SENATE, COMMITTEE ON BANKING AND CURRENCY, Washington, D. C. The committee met at 10 a. m., pursuant to call, in room 301 of the Senate Office Building, Senator Charles W. Tobey (chairman of the committee) presiding. Present Senators Tobey, Buck, Flanders, Cain, McCarthy, Maybank, Fulbright, and Robertson of Virginia. (The Flanders amendments to S. 866; a study of the Flanders amendments; S. 866; and the report of the committee to accompany S. 866, follow :) [S. 866, 80th Cong., 2d sess.] AMENDMENTS Intended to be proposed by Mr. Flanders to the bill (S. 866) to establish a national housing objective and the policy to be followed in the attainment thereof, to facilitate sustained progress in the attainment of such objective and to provide for the coordinated execution of such policy through a National Housing Commission, and for other purposes, viz: As follows: 1. By striking out in the title the words "and to provide for the coordinated execution of such policy through a National Housing Commission"; 2. By striking out the words "National Housing Commission Act" on page 1, in lines 3 and 4, and inserting in lieu thereof the words "General Housing Act"; 3. By striking out the words "Title I" on page 1, in line 5, and by striking out the figures "101" on page 1, in line 7, and inserting in lieu thereof the figure "2"; 4. By striking out the last sentence of section 101 on page 2, in lines 23 through 25, and on page 3, in lines 1 through 4; and 5. By striking out all of titles II through XIII on pages 3 through 112 and inserting in lieu thereof the following: "TITLE I-FHA TITLE VI AND TRANSITIONAL PERIOD AMENDMENTS "SEC. 101. The National Housing Act, as amended, is hereby amended as follows: ""TITLE VI AMENDMENTS "(a) Section 603 (a) is amended "(1) by striking out "$4,450,000,000" and inserting in lieu thereof "$5,950,000,000"; "(2) by striking out "$4,950,000,000" and inserting in lieu thereof "$6,950,000,000"; "(3) by striking out "March 31, 1948" in each place where it appears and inserting in lieu thereof "March 31, 1949"; "(4) by striking out the period and adding a comma and the following: "and that, of the total authorization provided in this subsection, not less than $800,000,000 shall be made available for the insurance of mortgages on rental properties under section 608, and not less than $200,000,000 shall be made available for the insurance of mortgages on multifamily dwellings under section 603, on which commitments for insurance are issued subsequent to the effective date of the "General Housing Act." |