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<BillSummaries>
<item congress="114" measure-type="hr" measure-number="982" measure-id="id114hr982" originChamber="HOUSE" orig-publish-date="2015-02-13" update-date="2015-03-04">
<title>End Unnecessary Borrowing Act of 2015</title>
<summary summary-id="id114hr982v00" currentChamber="HOUSE" update-date="2015-03-04">
<action-date>2015-02-13</action-date>
<action-desc>Introduced in House</action-desc>
<summary-text><![CDATA[<p><b>End Unnecessary Borrowing Act of 2015 </b></p> <p> 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.</p> <p>Prohibits these requirements from being construed to authorize or require the Secretary to borrow any amounts to comply with the capital ratio requirement.</p> <p>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.</p>]]></summary-text>
</summary>
</item>
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<dc:language>EN</dc:language>
<dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
<dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
<dc:description>This file contains bill summaries for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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