Sec. 9. Disclosure of events
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Section 202(a)(4) of the National Housing Act ( 12 U.S.C. 1708(a)(4) ) is amended— by striking The Secretary shall and inserting the following: The Secretary shall ; and by adding at the end the following: Prior to the submission of any report of the Secretary under paragraph (1), the Secretary shall require that the independent actuary commissioned to perform the study required under paragraph
(1)disclose to the Secretary any events or circumstances that occur after the study is completed but before the report is submitted to Congress and that would have resulted in changes to the inputs or assumptions the actuary used to make forecasts about the financial position of the Fund, if such changes are sufficiently significant that a reasonable person would expect them to substantially alter the actuary’s forecasts of the economic value of the Fund or the actuary's projections relating to the capital reserve ratio of the Fund. The Secretary shall inform Congress of any disclosures required under subparagraph
(A)either by— the submission of an addendum to the report of the Secretary required under paragraph (1); or a letter from the Secretary addressed to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives. .
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Sec. 9
Disclosure of events
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