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COMMITTEE ON
BANKING, FINANCE AND URBAN AFFAIRS

HOUSE OF REPRESENTATIVES

NINETY-FIFTH CONGRESS

SECOND SESSION

ON

H.R. 11265
A BILL TO AMEND AND EXTEND CERTAIN FEDERAL LAWS
RELATING TO HOUSING, COMMUNITY AND NEIGHBORHOOD
DEVELOPMENT AND PRESERVATION, AND RELATED PRO-

GRAMS, AND FOR OTHER PURPOSES

H.R. 12574
A BILL TO REVISE THE INTERSTATE LAND SALES FULL

DISCLOSURE ACT

H.R. 3084
AN ACT TO AMEND AND EXTEND CERTAIN FEDERAL LAWS
RELATING TO HOUSING, COMMUNITY AND NEIGHBORHOOD
DEVELOPMENT AND PRESERVATION, AND RELATED PRO-

GRAMS, AND FOR OTHER PURPOSES

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COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS

HENRY S. REUSS, Wisconsin, Chairman THOMAS L. ASHLEY, Ohio

J. WILLIAM STANTON, Ohio WILLIAM S. MOORHEAD, Pennsylvania GARRY BROWN, Michigan FERNAND J. ST GERMAIN, Rhode Island CHALMERS P. WYLIE, Ohio HENRY B. GONZALEZ, Texas

JOHN H. ROUSSELOT, California JOSEPH G. MINISH, New Jersey

STEWART B. MCKINNEY, Connecticut FRANK ANNUNZIO, Illinois

GEORGE HANSEN, Idaho JAMES M. HANLEY, New York

HENRY J. HYDE, Illinois PARREN J. MITCHELL, Maryland

RICHARD KELLY, Florida WALTER E. FAUNTROY,

CHARLES E. GRASSLEY, Iowa District of Columbia

MILLICENT FENWICK, New Jersey STEPHEN L. NEAL, North Carolina

JIM LEACH, Iowa JERRY M. PATTERSON, California

NEWTON I. STEERS, JR., Maryland JAMES J. BLANCHARD, Michigan

THOMAS B. EVANS, JR., Delaware CARROLL HUBBARD, JR., Kentucky

BRUCE F. CAPUTO, New York JOHN J. LAFALCE, New York

HAROLD C. HOLLENBECK, New Jersey
GLADYS NOON SPELLMAN, Maryland S. WILLIAM GREEN, New York
LES AUCOIN, Oregon
PAUL E. TSONGAS, Massachusetts
BUTLER DERRICK, South Carolina
MARK W. HANNAFORD, California
DAVID W. EVANS, Indiana
NORMAN E. D'AMOURS, New Hampshire
STANLEY N. LUNDINE, New York
EDWARD W. PATTISON. New York
JOHN J. CAVANAUGH, Nebraska
MARY ROSE OAKAR, Ohio
JIM MATTOX, Texas
BRUCE F. VENTO, Minnesota
DOUG BARNARD, Georgia
WES WATKINS, Oklahoma
ROBERT GARCIA, New York

PAUL NELSON, Clerk and Staff Director
MICHAEL P. FLAHERTY, General Counsel

GRASTY CREWS II, Counsel
MERCER L. JACKSON, Minority Staf Director
GRAHAM T. NORTHUP, Deputy Minority Staf Director

SUBCOMMITTEE ON HOUSING AND COMMUNITY DEVELOPMENT

THOMAS L. ASHLEY, Ohio, Chairman
WILLIAM S. MOORHEAD, Pennsylvania GARRY BROWN, Michigan
FERNAND J. ST GERMAIN, Rhode Island J. WILLIAM STANTON, Ohio
HENRY B. GONZALEZ, Texas

JOHN H. ROUSSELOT, California
PARREN J. MITCHELL, Maryland

CHALMERS P. WYLIE, Ohio JAMES M. HANLEY. New York

STEWART B. MCKINNEY, Connecticut WALTER F. FAUNTROY,

RICHARD KELLY, Florida District of Columbia

CHARLES E. GRASSLEY. Iowa
JERRY M. PATTERSON, California

THOMAS B. EVANS, JR., Delaware
JOHN J. LAFALCE, New York
LES AUCOIN, Oregon
GLADYS NOON SPELLMAN, Maryland
JAMES J. BLANCHARD, Michigan
CARROLL HUBBARD, JR., Kentucky
PAUL E. TSONGAS, Massachusetts
MARK W. HANNAFORD, California
DAVID W. EVANS, Indiana
STANLEY N. LUNDINE, New York

GERALD R. MCMURRAY, Staff Director
ROGER C. Faxon, Professional Staj Member
FRANK T. DESTEFANO, Professional Staff Member

SHELDON L. SCHREIBERG, Counsel

DIANE DORIUS, A88istant Counsel
ANTHONY VALANZANO, Minority Counsel

(II)

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316

STATEMENTS

Anaya, Hon. Toney, attorney general of the State of New Mexico, accom-

121

panied by Hon. Joe Canepa, assistant attorney general.--

Barnes

, Hon. James I., III, deputy attorney general of the State of Nevada-

Belin, J. B., Jr., president, chairman of the board, American Land Develop-

ment Association; accompanied by Gary A. Terry, executive vice

president, William B. Ingersoll, general counsel, and George G, Potts,

263

director of public affairs..

Halloran, Jean, on behalf of INFORM, a public interest group; accom-

76
panied by Leslie Allan...-
Hempel, John E., assistant commissioner for policy and planning, depart-
ment of real estate, State of California ----

Hynes

, Patricia M., assistant U.S. attorney, Southern District of New

Minish, Hon. Joseph G., a Representative in Congress from the State of

New Jersey -

55

Pfersich, Gordon, director, division of land sales and condominiums, de-
partment of business regulation, State of Florida -

654

Roberts

, David D., vice chairman, Realtors Legislative Committee,

National Association of Realtors; accompanied by Albert E. Abrahams,

staff vice president.

Smith, Herman J., vice president, National Association of Home Builders;

accompanied by Robert D. Bannister, senior staff vice president, and

Gary Paul Kane, associate legislative counsel-

437

Steinman, Edward D., Acting Assistant Director, Division of Marketing

Abuses. Federal Trade Commission; accompanied by John M. Tifford,

staff attorney in the land sales program.

Worthy, Patricia, Administrator, Office of Interstate Land Sales Regis-

tration, Department of Housing and Urban Development; accompanied

by Peter Race and Alan Kappeler --

461

AdditionAL INFORMATION SUBMITTED FOR INCLUSION IN THE RECORD
American Land Development Association, prepared statement on behalf by
J. B. Belin, Jr., president and chairman of the board..

269

Anaya, Hon. Toney:

Prepared statement

126

Resolution adopted at 1978 annual meeting, National Association of

Attorneys General, St. Paul, Minn., June 18-21, 1978.

Ashley, Chairman Thomas L., letter dated August 9, 1978, from Frank J.

136

Kelley, attorney general

, State of Michigan, with enclosed "Comments

on Proposed Interstate Land Sales Reform”

198

(111)

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