An original joint resolution to provide for the extension of certain programs relating to housing and community development, and for other purposes.
Public Law 99-430 · S.J.Res. 353 · 99th Congress · began in the Senate
Signed by Ronald Reagan (R) on Sep 30, 1986 · Housing and Community Development
Sponsor: Sen. Jake Garn (R-UT)
Cosponsors (1): Sen. Don Nickles
Passage votes
- HouseVoice vote
- SenateVoice vote
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
Amends the National Housing Act to extend authority through September 30, 1987, for: (1) title I financial institution insurance for housing renovation and modernization; (2) general mortgage insurance; (3) low and moderate income and displaced families mortgage insurance; (4) homeownership for lower income families including mortgage insurance authority and housing stimulus authority; (5) mortgage co-insurance, including rental rehabilitation and development projects; (6) graduated payment and indexed mortgage insurance; (7) the demonstration mortgage reinsurance program; (8) mortgage insurance for armed forces' civilian employees and defense housing for impacted areas; (9) mortgage insurance for land development; and (10) mortgage insurance for medical and dental group practice facilities.
Amends the Housing Act of 1964 to extend urban rehabilitation loan authority through September 30, 1987.
Amends the Housing Act of 1949 to extend Farmers Home Administration Authority through September 30, 1987, for: (1) insured loans for rental and cooperative housing and related facilities for elderly persons and families in rural areas; (2) rural communities with 10,000 - 20,000 population to participate in rural housing programs; and (3) mutual and self-help housing grant and loan authority.
Amends the National Flood Insurance Act of 1968 to extend authority for national flood insurance, including emergency implementation and flood-risk zones, through September 30, 1987.
Amends the National Housing Act to extend authority for the national crime insurance program through September 30, 1987.
Amends the Housing and Community Development Act of 1974 to extend community development block grant entitlement authority for certain metropolitan city and urban county areas through September 30, 1987.
Amends the Housing and Urban-Rural Recovery Act of 1983 to extend the maximum interest rate limitation on loans for housing and related facilities for elderly or handicapped families through September 30, 1987.
Extends the Home Mortgage Disclosure Act through September 30, 1987.
Committees
The committees the bill was sent to, and what each did with it.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 9 actions.
- Sep 30, 1986Became lawBecame law · Became Public Law No: 99-430.
- Became lawBecame law · Signed by President.
- PresidentPresident · Presented to President.
- FloorFloor · Passed House by Voice Vote.
- Sep 27, 1986FloorFloor · Passed Senate with an amendment by Voice Vote.
- FloorFloor · Measure laid before Senate by unanimous consent.
- May 21, 1986CommitteeCommittee · Reported original measure by Senate Banking, Housing, and Urban Affairs Committee
- CommitteeCommittee · Markup by Senate Banking, Housing, and Urban Affairs Committee
- IntroducedIntroduced · Introduced in the Senate
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.