End Unnecessary Borrowing Act of 2013

Referred to the House Committee on Financial Services.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Mar 4, 2013

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.

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People & committees

Who introduced it

Rep. Capuano, Michael E. [D-MA-7] · D–MA

Committees

Financial Services Committee

0 cosponsorship records, including any withdrawals

Legislative record

Actions

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Mar 4, 2013
Referred to the House Committee on Financial Services.
Mar 4, 2013
Introduced in House
Mar 4, 2013
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Mar 4, 2013 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

HR 1028 · End Unnecessary Borrowing Act of 2013

Source last updated: Dec 5, 2025. Consult Congress.gov for the current record.

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Analyze H.R.941 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss H.R.941, 113th Congress: End Unnecessary Borrowing Act of 2013

Official record: https://www.congress.gov/bill/113th-congress/house-bill/941

Text version to examine: Introduced in House · 2013-03-04.

Official full text: https://www.congress.gov/113/bills/hr941/BILLS-113hr941ih.htm

Imported record last updated by the source: 2025-12-05T20:51:38Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.941 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Examine H.R.941 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Discuss H.R.941, 113th Congress: End Unnecessary Borrowing Act of 2013

Official record: https://www.congress.gov/bill/113th-congress/house-bill/941

Text version to examine: Introduced in House · 2013-03-04.

Official full text: https://www.congress.gov/113/bills/hr941/BILLS-113hr941ih.htm

Imported record last updated by the source: 2025-12-05T20:51:38Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.941 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

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Examine H.R.941 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Discuss H.R.941, 113th Congress: End Unnecessary Borrowing Act of 2013

Official record: https://www.congress.gov/bill/113th-congress/house-bill/941

Text version to examine: Introduced in House · 2013-03-04.

Official full text: https://www.congress.gov/113/bills/hr941/BILLS-113hr941ih.htm

Imported record last updated by the source: 2025-12-05T20:51:38Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.941 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Examine H.R.941 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

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Discuss H.R.941, 113th Congress: End Unnecessary Borrowing Act of 2013

Official record: https://www.congress.gov/bill/113th-congress/house-bill/941

Text version to examine: Introduced in House · 2013-03-04.

Official full text: https://www.congress.gov/113/bills/hr941/BILLS-113hr941ih.htm

Imported record last updated by the source: 2025-12-05T20:51:38Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.941 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.