US HB699 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 22 2019 - 25% progression, died in committee
Action: 2019-01-22 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 22 2019 - 25% progression, died in committee
Action: 2019-01-22 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
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.
Sponsors
| Rep. Anthony Brown [D-MD] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-22 | House | Referred to the House Committee on Financial Services. |
| 2019-01-22 | House | Introduced in House |
Subjects
Congressional oversight
Government trust funds
Housing and community development
Housing finance and home ownership
Government trust funds
Housing and community development
Housing finance and home ownership
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/699/all-info |
| Text | https://www.congress.gov/116/bills/hr699/BILLS-116hr699ih.pdf |
