Skip to main content
HR 1028 113th Congress House

End Unnecessary Borrowing Act of 2013

Official title: To ensure that any authority of the Mutual Mortgage Insurance Fund to borrow amounts from the Treasury is used only to pay mortgage insurance claims.

Introduced: April 10, 2013 See on congress.gov
Housing and Community Development Government lending and loan guaranteesGovernment trust fundsHousing finance and home ownership
Sign in to write a letter Sign in to watch
This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 7, 2013
Introduced in House
Mar 7, 2013
Referred to the House Committee on Financial Services.
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action March 7, 2013

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

End Unnecessary Borrowing Act of 2013 - Amends the National Housing Act with respect to the requirement that the Secretary of Housing and Urban Development (HUD) endeavor to ensure that the Mutual Mortgage Insurance Fund attains a capital ratio of not less than 2% within 10 years after enactment of that requirement (November 5, 1990) and to ensure that the Fund maintains at least that capital ratio at all times thereafter.

Prohibits these requirements from being construed to authorize or require the Secretary to borrow any amounts to comply with the capital ratio requirement.

Limits the use of any authority of the Secretary to borrow from the Treasury for the Mutual Mortgage Insurance Fund only to the extent necessary to pay claims on mortgage insurance that is an obligation of such Fund.


 Related & companion bills 1
  • HR 941 Identical bill End Unnecessary Borrowing Act of 2013
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1
D
Sherman, Brad
California · Apr 10, 2013
CLAY, WM.
· Mar 15, 2013
Ellison, Keith
· Mar 15, 2013
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1028: End Unnecessary Borrowing Act of 2013. 113th Congress. Open America. https://openamerica.io/bill/113-HR-1028/
MLA
"H.R. 1028: End Unnecessary Borrowing Act of 2013." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-1028/.
Bluebook (legal)
H.R. 1028, 113th Cong. (2026), https://openamerica.io/bill/113-HR-1028/.
Markdown link
[H.R. 1028: End Unnecessary Borrowing Act of 2013](https://openamerica.io/bill/113-HR-1028/)
Report a problem