A bill to amend the District of Columbia Self-Government and Governmental Reorganization Act with respect to the payment of revenue bonds issued by the Council of the District of Columbia for the activities of a housing finance authority.

Amends the District of Columbia Self-Government and Governmental Reorganization Act to exempt from the Congressional approval requirement: (1) the expenditure of funds derived from the sale of any revenue bond, note, or other obligation issued solely to finance, or assist in the financing of, the activities of any housing finance authority established by the City Council; or (2) the payment of principal, interest, or both on any such bond, note, or other obligation.