Sec. 2. Limitation on use of borrowing authority
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Paragraph
(2)of section 206(f) of the National Housing Act ( 12 U.S.C. 1711(f)(2) ) is amended— by inserting
(A)after
(2); and by adding at the end the following new subparagraphs: Subparagraph
(A)may not be construed to authorize or require the Secretary to borrow any amounts to comply with the capital ratio requirement under such subparagraph. Notwithstanding any other provision of law, any authority of the Secretary under this Act or otherwise to borrow amounts from the Treasury of the United States for the Mutual Mortgage Insurance Fund may be used only to the extent necessary to pay claims on mortgage insurance that is an obligation of such Fund. .
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Sec. 2
Limitation on use of borrowing authority
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