H.R. 3018 would prevent the Secretary of Housing and Urban Development (HUD) from implementing a rule that the agency included in the Unified Agenda of Federal Regulatory and Deregulatory Actions in Spring 2019. The agenda item is entitled “Revised Requirements Under Community Planning and Development Housing Programs” (Docket No. FR-6152; RIN: 2506-AC53) and indicates that HUD will propose the rule in September 2019. The agency had not issued a notice of proposed rulemaking nor the rule itself by the time CBO transmitted this estimate; therefore, CBO’s baseline does not incorporate any effects from the rule. Accordingly, CBO estimates that implementing H.R. 3018 would have no effect on the federal budget.
