FAIR Costs Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 8678 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 8678 To amend certain Acts to adjust rental payments with respect to certain Federal rental assistance programs, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES June 11, 2024 Mr. Bowman (for himself and Mrs. Watson Coleman) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To amend certain Acts to adjust rental payments with respect to certain Federal rental assistance programs, and for other purposes. 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 ``Fair Adjustments for Income-based Rental Costs Act'' or the ``FAIR Costs Act''. SEC. 2. ADJUSTMENTS TO RENTAL PAYMENTS WITH RESPECT TO CERTAIN FEDERAL RENTAL ASSISTANCE PROGRAMS. (a) United States Housing Act of 1937.--The United States Housing Act of 1937 (42 U.S.C…