[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2167 Referred in Senate (RFS)]

113th CONGRESS
  1st Session
                                H. R. 2167


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                   IN THE SENATE OF THE UNITED STATES

                             June 13, 2013

Received; read twice and referred to the Committee on Banking, Housing, 
                           and Urban Affairs

_______________________________________________________________________

                                 AN ACT


 
    To authorize the Secretary of Housing and Urban Development to 
  establish additional requirements to improve the fiscal safety and 
  soundness of the home equity conversion mortgage insurance program.

    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 ``Reverse Mortgage Stabilization Act 
of 2013''.

SEC. 2. ADDITIONAL SAFETY AND SOUNDNESS REQUIREMENTS FOR HOME EQUITY 
              CONVERSION MORTGAGE INSURANCE PROGRAM.

    Subsection (h) of section 255 of the National Housing Act (12 
U.S.C. 1715z-20(h)) is amended--
            (1) in paragraph (1), by striking ``and'' at the end;
            (2) in paragraph (2), by striking the period at the end and 
        inserting ``; and''; and
            (3) by adding at the end the following new paragraph:
            ``(3) establish, by notice or mortgagee letter, any 
        additional or alternative requirements that the Secretary, in 
        the Secretary's discretion, determines are necessary to improve 
        the fiscal safety and soundness of the program authorized by 
        this section, which requirements shall take effect upon 
        issuance.''.

            Passed the House of Representatives June 12, 2013.

            Attest:

                                                 KAREN L. HAAS,

                                                                 Clerk.