,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #fii  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #bb1 #bjai    
,mr4 ,br[n ( ,m>yl& introduc$ ! foll[+  
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices  ,a ,,bill  ,to am5d 
! ,national ,h\s+ ,act to require !     
,secret>y ( ,h\s+ & ,urban ,developm5t  
to issue guidance to r$uce up-front     
premiums = ,,fha-insur$ mortgages if !  
capital ratio ( ! ,mutual ,mortgage     
,insurance ,fund exce$s ! /atutory      
limit1 & = o!r purposes4  #a4 ,r$uction 
( up-front premiums = ,,fha-insur$      
mortgages  7a7 ,9 g5]al ,section        
#bje7;f7 ( ! ,national ,h\s+ ,act 7#ab  
,u4,s4,c4 #agaa7;f77 is am5d$-- 7#a7 by 
r$esignat+ p>agraph 7#d7 z p>agraph     
7#e72 &  7#b7 by ins]t+ aft] p>agraph   
7#c7 ! foll[+ new p>agraph3  7#d7       
,r$uction 9 up-,front premiums  7,a7    
,review ,! ,secret>y %all review !      
capital ratio ( ! ,mutual ,mortgage     
,insurance ,fund on a mon?ly basis4     
7,b7 ,det]m9ation ,beg9n+ on ! date ( ! 

enactm5t ( ?is p>agraph & e #f mon?s    
!reaft]1 ! ,secret>y %all det]m9e :e!r !
 am\nt ( capital 9 ! ,mutual ,mortgage  
,insurance ,fund has result$ 9 a capital
 ratio t has exce$$ ! requirem5t 9      
p>agraph 7#b7 dur+ ! #f-mon? p]iod      
imm$iately prec$+ ! date on :i* !       
det]m9ation is made4 ,^u mak+ !         
det]m9ation1 ! ,secret>y %all-- 7i7     
issue guidance to r$uce ! up-front      
premium collect$ pursuant to section    
#bjc7;c77#b77;,a72 or  7ii7 submit a    
report to ,congress expla9+ :y !        
,secret>y has made a det]m9ation n to   
r$uce su* premium4  4  7b7 ,application 
,) respect to ! fir/ su* det]m9ation    
made ab\t ! capital ratio ( ! ,mutual   
,mortgage ,insurance ,fund z requir$ "u 
p>agraph 7#d7 ( section #bje7;f7 ( !    
,national ,h\s+ ,act1 z add$ by p>agraph
 7#a71 ! ,secret>y %all include !       
#f-mon? p]iod occurr+ prior to ! date ( 
! enactm5t ( ?is ,act = purposes (      
det]m9+ ! #f-mon? p]iod describ$ 9 su*  
section #bje7;f77#d7 ( ! ,national ,h\s+

 ,act4