Congress must be told as soon as practicable if the Fund falls below the ratio
What the document says“``(B) notify Congress as soon as practicable after the Fund falls below the capital ratio required under section 205(f)(2).''.”
The section requires the Secretary to notify Congress as soon as practicable after the Fund falls below the capital ratio required under section 205(f)(2).
What the document actually says“``(B) notify Congress as soon as practicable after the Fund falls below the capital ratio required under section 205(f)(2).''.”
The fund can drop below the required mark. When that happens, Congress must be told. It must be told as soon as it can be done.
The monthly reports would show it in time. This does not wait for the next one. It requires word right away.
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