legislation: 114-hr-982

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
114-hr-982 114 hr 982 End Unnecessary Borrowing Act of 2015 Housing and Community Development 2015-02-13 2015-02-13 Referred to the House Committee on Financial Services. House Rep. Capuano, Michael E. [D-MA-7] MA D C001037 2 End Unnecessary Borrowing Act of 2015 Amends the National Housing Act with respect to the requirement that the Secretary of Housing and Urban Development endeavor to ensure that the Mutual Mortgage Insurance Fund attains a capital ratio of not less than 2% within 10 years after enactment of that requirement (November 5, 1990) and to ensure that the Fund maintains at least that capital ratio at all times thereafter. Prohibits these requirements from being construed to authorize or require the Secretary to borrow any amounts to comply with the capital ratio requirement. Limits the use of any authority of the Secretary to borrow from the Treasury for the Mutual Mortgage Insurance Fund only to the extent necessary to pay claims on mortgage insurance that is an obligation of such Fund. 2023-01-11T13:28:27Z  

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