HR 4602 · 99th Congress · Housing and Community Development
FHA and GNMA Credit Commitment Assistance Act of 1986
Bill Progress
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Introduced✓
Committee✓
House Vote✓
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EnactedLatest: Became Public Law No: 99-289.(1986-05-02)
Plain Language Summary
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FHA and GNMA Credit Commitment Assistance Act of 1986 - Authorizes the Government National Mortgage Association and the Federal Housing Administration (FHA) to enter into additional specified FY 1986 commitments to guarantee mortgage-backed securities and insure loans under the National Housing Act. Directs the Secretary of Housing and Urban Development to notify the appropriate congressional committees if cumulative FHA insured and guaranteed loan commitments exceed specified limits.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
13 Democrats7 Republicans