Monthly reports to Congress on the capital ratio are required
What the document says“``(A) submit to Congress monthly reports on the capital ratio required under section 205(f)(2); and”
The section adds a new paragraph (8) to section 202(a) of the National Housing Act requiring the Secretary to send Congress monthly reports on the capital ratio required under section 205(f)(2).
What the document actually says“``(A) submit to Congress monthly reports on the capital ratio required under section 205(f)(2); and”
The housing agency must report to Congress every month. The report covers one figure. That figure is a ratio set by an older law.
A capital ratio measures how much a fund holds against what it insures. A low ratio means a thin cushion. Monthly reports let Congress watch it.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.