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Increase the supply of housing in America › Section 701

Requiring Annual Testimony and Oversight from Housing Regulators

Section 701 · Sec. 701 ·

What this chapter is about

This part adds a duty to the law that set up the housing agency. Its head must appear before two committees in Congress each year. Seven set subjects must be covered. They run from the state of public housing to the agency's own capacity.

2 proposals indexed from this chapter.

The Secretary must testify each year before two committees

The document says “shall”Who acts: Secretary of Housing and Urban DevelopmentHow: statuteSec. 701 in the PDF
What the document says

“The Secretary shall appear before the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives at an annual hearing and present testimony regarding the operations of the Department during the preceding year, including--”

To increase the supply of housing in America, and for other purposes, Sec. 701

The section adds a new subsection (u) to section 7 of the Department of Housing and Urban Development Act requiring the Secretary to appear at an annual hearing before the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services and testify on the Department's operations in the preceding year.

What the document actually says

“The Secretary shall appear before the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives at an annual hearing and present testimony regarding the operations of the Department during the preceding year, including--”

To increase the supply of housing in America, and for other purposes, Sec. 701
That sentence, in plain words

The head of the housing agency must appear before Congress each year. Two committees hold the hearing. The talk covers what the agency did last year.

What this is about

At such a hearing an official answers questions under oath. Before this the visit was not required. Now it is a yearly duty.

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.

Seven subjects must be covered in the testimony

The document says “shall”Who acts: Secretary of Housing and Urban DevelopmentHow: statuteSec. 701 in the PDF
What the document says

“``(2) the physical condition of all public housing and other housing assisted by the Department; ``(3) the financial health of the mortgage insurance funds of the Federal Housing Agency; ``(4) oversight by the Department of grantees and subgrantees for purposes of preventing waste, fraud, and abuse;”

To increase the supply of housing in America, and for other purposes, Sec. 701

The new subsection lists seven subjects the testimony must cover: the Department's current programs and operations, the physical condition of public and other assisted housing, the financial health of the mortgage insurance funds, the Department's oversight of grantees and subgrantees against waste, fraud, and abuse, progress in ending the affordable housing and homelessness crises, the Department's capacity to deliver on its statutory mission, and other ongoing activities as appropriate.

What the document actually says

“``(2) the physical condition of all public housing and other housing assisted by the Department; ``(3) the financial health of the mortgage insurance funds of the Federal Housing Agency; ``(4) oversight by the Department of grantees and subgrantees for purposes of preventing waste, fraud, and abuse;”

To increase the supply of housing in America, and for other purposes, Sec. 701
That sentence, in plain words

One subject is the state of the buildings the agency helps. Another is the health of the funds that back home loans. A third is how the agency watches over the groups that get its money.

What this is about

Seven subjects are named in all. Some cover buildings and money. Others cover whether the agency can do the job the law gives 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.

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What This Page Covers, and What It Leaves Out

The single thing the section does: it requires the Secretary to appear annually and testify on seven listed subjects.

Nothing the section does is left out.

The section works by adding a subsection to section 7 of the Department of Housing and Urban Development Act, which is not indexed here, so nothing is recorded about the Secretary's other duties under that section.