[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2322 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 2322

     To require the President of the Government National Mortgage 
  Association to testify annually before the Congress, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 1, 2021

 Mr. Kustoff introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
     To require the President of the Government National Mortgage 
  Association to testify annually before the Congress, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Ginnie Mae Oversight and 
Accountability Act of 2021''.

SEC. 2. ANNUAL TESTIMONY.

    Subsection (a) of section 308 of the National Housing Act (12 
U.S.C. 1723(a)) is amended--
            (1) by inserting ``(1)'' after the subsection designation;
            (2) in the last undesignated paragraph, by inserting 
        ``(2)'' before ``There''; and
            (3) by adding at the end the following new paragraph:
    ``(3) The President of the Association shall appear not less 
frequently than annually before the Committee on Financial Services of 
the House of Representatives and the Committee on Banking, Housing, and 
Urban Affairs of the Senate regarding the financial status of the 
Association, the performance of its securities and the issuers of such 
securities, and any administrative or market challenges faced by the 
business model of the Association.''.
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