,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #bfd  ,,in ,,the ,,house ,,of   
,,representatives  ,january #ae1 #bjac  
,mr4 ,lynch introduced the following    
bill2 which was referred to the         
,committee on ,financial ,services  ,a  
,,bill  ,to provide for semiannual      
actuarial studies of the ,,fha mortgage 
insurance program of the ,secretary of  
,housing and ,urban ,development during 
periods that the ,mutual ,mortgage      
,insurance ,fund does not meet minimum  
capital ratio requirements4  #a4 ,short 
title ,this ,act may be cited as the    
,,fha ,enhanced ,oversight ,act of      
#bjac4  #b4 ,semiannual actuarial       
studies of ,,mmif during periods of     
capital depletion ,paragraph 7#d7 of    
section #bjb7;a7 of the ,national       
,housing ,act 7#ab ,u4,s4,c4            
#agjh7;a77#d77 is amended--  7#a7 in the
 first sentence1 by inserting except as 
provided in subparagraph 7,b71 after to 
be conducted annually12  7#b7 in the    
second sentence1 by inserting 1 except  

as provided in subparagraph 7,b71 after 
annually2  7#c7 by striking the         
paragraph designation and heading and   
all that follows through ,the ,secretary
 shall provide and inserting the        
following3  7#d7 ,independent actuarial 
study  7,a7 ,annual study ,the          
,secretary shall provide  2 and  7#d7 by
 adding at the end the following new    
subparagraph3  7,b7 ,semiannual studies 
during periods of capital depletion     
,during any period that the ,fund fails 
to maintain sufficient capital to comply
 with the capital ratio requirement     
under section #bje7;f77#b7--  7i7 the   
independent study required by           
subparagraph 7,a7 shall be conducted    
semiannually and shall analyze the      
financial position of the ,fund as of   
,september #cj and ,march #ca of each   
fiscal year during such period2 and     
7ii7 the ,secretary shall submit a      
report meeting the requirements of      
subparagraph 7,a7 for each such         
semiannual study4  4