< Back to H.R. 2467 (111th Congress, 2009–2010)

Text of the FHA Enhanced Oversight Act of 2009

This bill was introduced on May 18, 2009, in a previous session of Congress, but was not enacted. The text of the bill below is as of May 18, 2009 (Introduced).

Source: GPO

I

111th CONGRESS

1st Session

H. R. 2467

IN THE HOUSE OF REPRESENTATIVES

May 18, 2009

introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To provide for semiannual actuarial studies of the FHA mortgage insurance program of the Secretary of Housing and Urban Development.

1.

Short title

This Act may be cited as the FHA Enhanced Oversight Act of 2009.

2.

Semiannual actuarial studies

(a)

In general

Paragraph (4) of section 202(a) of the National Housing Act (12 U.S.C. 1708(a)(4)) is amended—

(1)

in the paragraph heading, by striking Annual and inserting Semiannual;

(2)

in the first sentence—

(A)

by striking annually and inserting semiannually; and

(B)

by inserting before the period at the end the following: as of September 30 and March 31 of each fiscal year; and

(3)

in the second sentence, by striking annually and inserting for each such semiannual study; and

(4)

in the third and fourth sentences, by striking The report each place such term appears and inserting Each such report.

(b)

Initial report

The first semiannual report on the financial position of the Mutual Mortgage Insurance Fund required by section 202(a)(4) of the National Housing Act (12 U.S.C. 1708(a)(4)), as amended by subsection (a) of this section, shall be submitted with respect to such position as of the first September 30 or March 31 occurring after the date of the enactment of this Act.