#aacth ,,congress  #ast ,session  ,h4   
,r4 #bafg  ,,an ,,act  ,to authorize the
 ,secretary of ,housing and ,urban      
,development to establish additional    
requirements to improve the fiscal      
safety and soundness of the home equity 
conversion mortgage insurance program4  
#a4 ,short title ,this ,act may be cited
 as the ,reverse ,mortgage              
,stabilization ,act of #bjac4  #b4      
,additional safety and soundness        
requirements for home equity conversion 
mortgage insurance program ,subsection  
7h7 of section #bee of the ,national    
,housing ,act 7#ab ,u4,s4,c4            
#agaez-#bj7;h77 is amended--  7#a7 in   
paragraph 7#a71 by striking and at the  
end2  7#b7 in paragraph 7#b71 by        
striking the period at the end and      
inserting 2 and2 and  7#c7 by adding at 
the end the following new paragraph3    
7#c7 establish1 by notice or mortgagee  
letter1 any additional or alternative   
requirements that the ,secretary1 in the
 ,secretary's discretion1 determines are

 necessary to improve the fiscal safety 
and soundness of the program authorized 
by this section1 which requirements     
shall take effect upon issuance4  4     
,passed the ,house of ,representatives  
,june #ab1 #bjac4;,clerk4