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On Aug. 1, Senate Finance Committee Member Maria Cantwell (D-WA) introduced legislation to make permanent the temporary 9 percent floor for volume cap housing credits and create a new 4 percent floor for volume cap housing credits used for acquisition. S.1442 mirrors legislation Cantwell and former Senator Olympia Snowe (R-ME) introduced last year, which failed to pass before the end of the session. S. 1442 has been referred to the Senate Finance Committee.
