[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2467 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 2467

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 18, 2009

  Mr. Lynch 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

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

SEC. 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.
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