End Unnecessary Borrowing Act of 2013

Summary

End Unnecessary Borrowing Act of 2013 - Amends the National Housing Act with respect to the requirement that the Secretary of Housing and Urban Development (HUD) 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.

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Timeline

1. 7 March 2013

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 7 March 2013

   Introduced

   Introduced in House

   Source: IntroReferral

3. 7 March 2013

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 7 March 2013 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 7 March 2013

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 7 March 2013

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 7 March 2013

  Open at official source

Sponsors

• MICHAEL CAPUANO · D · Sponsor
• Keith Ellison · D · Cosponsor
• WM. CLAY · D · Cosponsor
• Brad Sherman · D · Cosponsor
• · hsba00 · Standing

Related records

• related to → End Unnecessary Borrowing Act of 2013