This historic report, prepared by the Senate Committee on Banking and Currency, discusses Senate Bill 1228. This bill would extend the effect of an April 1936 amendment of the National Housing Act, which authorized the Federal Housing Administrator to insure financial institutions issuing rehabilitation loans for the repair of damages caused by floods and other catastrophes. The report describes the Committee’s reception of the legislation, and outlines several amendments.

This report is part of the collection of scanned historical documents available to the public.