Page:United States Statutes at Large Volume 82.djvu/539

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[82 STAT. 497]
[82 STAT. 497]
PUBLIC LAW 90-000—MMMM. DD, 1968

82 STAT. ]

PUBLIC LAW 90-448-AUG. 1, 1968

497

payment schedules, or other simihir methods, in conjunction with such Federal participation as may be necessary. (b) Within six months following the date of enactment of this Report to conAct, the Secretary shall report to the Congress on his actions under fJcommt^ndalfors^ this section, and shall recommend to the Congress such legislation as he deems appropriate to authorize him to enter into agreements with any insurance company, or any corporation or joint enterprise formed to provide home mortgage insurance protection, for the purpose of reinsuring insurance reserve funds, subsidizing premium payments (m behalf of lower income mortgagors, or otherwise making possible the insurance protection of homeowners in accordance with subsection (a). In preparing such recommendations the Secretary shall consult with other agencies or instrumentalities of the United States which insure or guarantee home mortgages iii order that such legislation as may he recommended atl'ords equal benefits to mortgagors participating in their programs. N A T I O N A L ADVISORY COMMISSION ON LOW INCOMP: H O U S I N G

SEC. 110. (a)(1) There is hereby established the National Advisory (\)mmissioii on Low Income Housing (hereinafter referred to as the Commission'"). The Commission shall be composed of twenty-one Membership. members as follows: (A) Four members appointed by the President of the Senate, two from the majority party and two from the minority party; (B) Four members appointed by the Speaker of the House of Representatives, two from the majority party and two from the minority party; and (C) Thirteen members appointed by the President, not more than three of whom shall be from the Federal Government, and of whom four shall berepresentative of £^^ ^ -f ^4-"^ i iicome~TiotlEfi^ M'h^nevSFpracncable, after consultation with the ranking majority and minority members of the Housing Subcommittees of the Committees on Banking and Currency of the Senate and House of Representatives. (2) Any vacancy in the Commission shall not affect its powers, but shall be filled in the same manner in which the original appointment w as made. (3) Eleven members of the Commission shall constitute a quorum, but a lesser number may conduct hearings. (4) The members of the Commission shall elect a Chairman and a Vice Chairman from the membership of the Commission. (b)(1) The Commission shall undertake a comprehensive study and ^ commission investigation, to further the policy set forth in section 2 of this Act, of functions. practicable and effective ways of bringing decent, safe, and sanitary housing within the reach of low income families. Such study shall evaluate existing housing programs designed to assist such families, and explore new ways by which public and private resources may be more effectively utilized in meeting the housing needs of such families. In the carrying out of such studj, the Commission may, where necessary or desirable, utilize the services of private research organizations, and shall, insofar as is practicable, seek to coordinate its investigation with studies undertaken, or being undertaken by the Banking and Currency Committees of the Senate and House of Representatives. (2) The Commission shall be organized and begin its functions at „'^^?°l^° the earliest possible date, and shall submit to the President and to P roensg ^eesnst. and ° id C r the Congress an interim report with respect to its findings and recommendations not later than July 1, 1969. A final report of its findings