Bill116th CongressFiled Jan 22, 2019Housing and Community Development
H.R. 699
To amend the National Housing Act to require the Secretary of Housing and Urban Development to issue guidance to reduce up-front premiums for FHA-insured mortgages if the capital ratio of the Mutual Mortgage Insurance Fund exceeds the statutory limit, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in house (Jan 22, 2019)
This bill requires the Department of Housing and Urban Development (HUD) to (1) on a monthly basis, review the capital ratio of the Mutual Mortgage Insurance Fund; and (2) upon determining whether the fund's capital ratio exceeds a specified limit, either issue guidance to reduce up-front premiums on mortgages insured by the Federal Housing Administration or report to Congress on why HUD has determined not to reduce such premiums.
What just happenedJan 22, 2019
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Brown, Anthony G. [D-MD-4](D-MD)Sponsor
1committees3actions3subjects
- Introduced in HouseJan 22, 2019
- Jan 22, 2019IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jan 22, 2019IntroReferralIntro-H
Introduced in House
- Jan 22, 2019IntroReferral1000
Introduced in House