# 119-s-3962: Housing and Economic Development Act

119-s-3962, Housing and Economic Development Act, is a 119th Congress bill sponsored by Sen. Hassan, Margaret Wood [D-NH] (D-NH); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-3962
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-3962
- Congress: 119
- Title: Housing and Economic Development Act
- Status: introduced
- Introduced: 2026-03-02
- Sponsor: Sen. Hassan, Margaret Wood [D-NH] (D-NH)
- Cosponsors: 1
- Policy area: Housing and Community Development
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Interagency coordination between HUD and the Economic Development Administration (EDA)** would align how the two agencies approve and fund joint housing and economic development projects. The bill would require a formal memorandum of understanding to coordinate review timelines, standardize terminology, issue joint guidance to cut duplicative reporting, set clear agency points of contact, share housing-related research, and identify barriers and opportunities for jointly funded projects.

## Cosponsors (1)

- Sen. McCormick, David [R-PA] (R-PA), 2026-03-02T00:00:00.000Z

## Provisions PRIA read

- More coordination for jointly funded housing projects: benefit, low. If enacted, HUD and the Economic Development Administration would be required to make a memorandum of understanding or similar interagency agreement. The agreement would apply to projects approved by and funded by amounts from both agencies. Where practicable, they would coordinate application revi…

## Related bills

- 119-s-1748: Kids Online Safety Act
- 119-s-2904: SHADOW Fleet Sanctions Act of 2026
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-2461: Promotion and Expansion of Private Employee Ownership Act of 2025
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-847: Child Care Availability and Affordability Act

## Sources
- [119-s-3962 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3962)

## Related
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-2904: SHADOW Fleet Sanctions Act of 2026](https://policyrisk.com/legislation/119-s-2904)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-2461: Promotion and Expansion of Private Employee Ownership Act of 2025](https://policyrisk.com/legislation/119-s-2461)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-847: Child Care Availability and Affordability Act](https://policyrisk.com/legislation/119-s-847)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3962 (as of 2026-04-21).