An annual summary of the data goes to two congressional committees
What the document says“The Secretary shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives an annual report providing a summary of the data provided under subparagraphs (A) and (C) during the 1-year period preceding the report and all data previously provided under those subparagraphs.”
The section requires the Secretary to send the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services an annual report summarizing the data from the organizations' annual reports and the inspector general assessments, covering the preceding year and everything reported before.
What the document actually says“The Secretary shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives an annual report providing a summary of the data provided under subparagraphs (A) and (C) during the 1-year period preceding the report and all data previously provided under those subparagraphs.”
The housing agency must send a yearly report to Congress. It goes to two committees. It sums up the data from the year and from all the years before.
The states and towns report to the housing agency. The housing agency then reports to Congress. Each report builds on the last one.
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