A bill to amend the National Housing Act to provide that rentals in housing projects assisted thereunder shall be subject to regulation under State or local laws, with any Federal authority to regulate rentals in such projects being inapplicable where such State or local laws exist, and to assure to tenants in such projects the right of hearing and judicial review on the establishment of such rentals or any increase therein.

[AI summary unavailable — showing source text] States that the maximum rentals which may be charged for accomodations in any housing covered by a mortgage insured under any provision of the National Housing Act within any State or political subdivision thereof shall be subject to regulation under the laws of such State or political subdivision. Provides that any authority conferred upon the Secretary of Housing and Urban Development to regulate maximum rentals shall not be applicable to housing located within any State or political subdivision thereof which has enacted a law for the purpose of regulating maximum rentals. Requires the Secretary, when acting to regulate maximum rentals, to give notice of his proposed action to each tenant of the housing affected and to hold a hearing to consider objections. Permits judicial review in Federal court for adversely affected tenants.…