Hospital Mortgage Insurance Act of 2003

(This measure has not been amended since it was passed by the Senate on September 2, 2003. The summary of that version is repeated here.)

Hospital Mortgage Insurance Act of 2003 - Amends the National Housing Act to revise hospital need and feasibility standards for purposes of hospital mortgage insurance eligibility. Directs the Secretary of Housing and Urban Development to: (1) require satisfactory evidence that the hospital will be located in a State or political subdivision with reasonable minimum licensure and operating standards; and (2) establish the means for determining hospital need and feasibility, including following State procedures in States that have such official procedures. (Eliminates State certificate of need or feasibility study requirements.)

Exempts critical access hospitals from such requirements through July 31, 2006.

Directs the Secretary to conduct a study and report on the barriers to insured mortgage receipt by federally qualified health centers.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov