If this bill were to become law, it would introduce a new concurrent memorial urging the U.S. Congress, the Department of Housing and Urban Development (HUD), and the Interagency Council on Homelessness to eliminate certain restrictions in federal housing programs. This insertion emphasizes the need for flexibility in housing solutions and the reduction of federal mandates that may hinder state and local efforts to address homelessness effectively.

The bill does not delete any existing statutes but adds new language that highlights specific actions the memorial encourages, such as repealing the Continuum of Care interim rule, amending reporting requirements, and shifting HUD funding to block grants. These changes aim to enhance state autonomy and local responsiveness in tackling homelessness, thereby updating the current approach to federal housing assistance without altering the existing legal framework.