H.R.1481: FHA Shutdown Prevention Act

About This Bill

Bill Summary

FHA Shutdown Prevention Act - Amends the National Housing Act to permit the use of negative credit subsidy from the General Insurance Fund or the Special Risk Insurance Fund for specific housing insurance mortgage or loan commitments. Considers such negative credit subsidies as new budget authority provided in advance of an appropriations Act for the fiscal year concerned.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Financial Services.
Sponsor introductory remarks on measure.
Referred to the Subcommittee on Housing and Community Opportunity.
April 4, 2001

Introduced in the House by John J. LaFalce (D-N.Y.)

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