A bill to limit certain authorities under the National Housing Act.

Summary

Amends the National Housing Act to limit the aggregate amount of commitments to guarantee mortgage-backed securities issued by the Federal National Mortgage Association that the Government National Mortgage Association may enter into during FY 1983. Limits the aggregate principal amount of loans and mortgages that the Secretary of Housing and Urban Development may enter into commitments to insure during FY 1983. Directs the Secretary to notify Congress whenever the cumulative amount of either of such commitments for any quarter of the fiscal year exceeds the pro rata share of the fiscal year commitment authority.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 4 May 1982

   Introduced

   Read twice and referred to the Committee on Banking.

   Source: IntroReferral

2. 4 May 1982

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 6 May 1982

   Reported

   Committee on Banking. Provisions of measure incorporated into measure S. 2607 ordered to be reported.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 4 May 1982

  Open at official source

Sponsors

• Sen. Riegle, Donald W., Jr. [D-MI] · D · Sponsor
• Sen. Cranston, Alan [D-CA] · D · Sponsor
• Sen. Dodd, Christopher J. [D-CT] · D · Sponsor
• · ssbk00 · Standing

Related records

• related to ← Housing and Community Development Amendments of 1982