The receiver or monitor must send Congress a written assessment each year
What the document says“(A) describes the management and oversight activities of the receiver or Federal monitor for the covered public housing agency; (B) identifies the significant factors that led to the appointment of the receiver or Federal monitor for the covered public housing agency;”
The section requires each receiver or federal monitor currently appointed over a covered public housing agency to give the House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affairs, by October 1 each year, a written assessment describing its management and oversight work, the significant factors that led to the appointment, the factors still unresolved that keep the oversight going, and a timeline projecting when those will be resolved. On written request the receiver or monitor must promptly supply further information, including testimony.
What the document actually says“(A) describes the management and oversight activities of the receiver or Federal monitor for the covered public housing agency; (B) identifies the significant factors that led to the appointment of the receiver or Federal monitor for the covered public housing agency;”
The assessment must describe what the overseer has been doing. It must name the main reasons the overseer was brought in.
The paper goes to two committees by October 1 each year. It must also say what is still unfixed. It must give a timeline for fixing it.
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