UPDATE: H.R.699 – To amend the National Housing Act to require the Secretary of Housing and Urban Development to issue guidance to reduce up-front premiums for FHA-insured mortgages if the capital ratio of the Mutual Mortgage Insurance Fund exceeds the statutory limit, and for other purposes.

LATEST ACTION: January 22, 2019 - Referred to the House Committee on Financial Services.

BILL TITLE: To amend the National Housing Act to require the Secretary of Housing and Urban Development to issue guidance to reduce up-front premiums for FHA-insured mortgages if the capital ratio of the Mutual Mortgage Insurance Fund exceeds the statutory limit, and for other purposes.

[NOTE: The contents of this legislative update are current as of 06:00 AM on January 23, 2019.]

BILL NUMBER: 116th Congress: House Bill 699 (H.R.699)

CHAMBER OF ORIGIN: U.S. House of Representatives

CURRENT CHAMBER: U.S. House of Representatives

For DETAILED LEGISLATIVE INFORMATION on H.R.699, visit: https://www.congress.gov/bill/116th-congress/house-bill/699

BILL TEXT: https://www.congress.gov/bill/116th-congress/house-bill/699/text

ACTIONS-TO-DATE (ordered by most recent first):

01/22/2019 -- House -- Referred to the House Committee on Financial Services.

01/22/2019 -- House -- Introduced in House.

SPONSOR(S)*:

-- Rep. Brown, Anthony G. [D-MD-4]

[*Note: Sponsors are current as of January 22, 2019. For the most up-to-date version of the sponsor and/or co-sponsor lists, visit: https://www.congress.gov/bill/116th-congress/house-bill/699/cosponsors ]

COMMITTEES: House Financial Services Committee.