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1 meeting related to this legislation
Requires the Secretary of Housing and Urban Development to appear before two Congressional committees once each year and testify about HUD’s operations during the prior year. The testimony must address HUD programs, the condition of public and assisted housing, the financial health of the FHA mortgage insurance fund, oversight efforts to prevent waste/fraud/abuse, progress on affordable housing and homelessness, HUD’s capacity to carry out its mission, and other ongoing activities.
Add new subsection (u) to Section 7 of the Department of Housing and Urban Development Act requiring the Secretary to appear annually before the House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affairs and to present testimony regarding the Department’s operations during the preceding year.
Testimony must include information on the current programs and operations of the Department.
Testimony must include the physical condition of all public housing and other housing assisted by the Department.
Testimony must include the financial health of the mortgage insurance funds of the Federal Housing Administration (FHA).
Testimony must include information on the Department’s oversight of grantees and sub-grantees to prevent waste, fraud, and abuse.
Who is affected and how:
HUD leadership and staff: Directly affected because the Secretary must prepare annual testimony and supporting materials. Preparing comprehensive, defensible reports may require time and coordination across HUD offices and program areas.
Public housing agencies and assisted-housing providers: Indirectly affected because Congress will receive yearly updates on the condition of public and assisted housing; providers may face increased scrutiny or follow-up inquiries based on testimony.
Residents of public and assisted housing, low- and middle-income households, and people experiencing homelessness: Indirect beneficiaries of increased oversight and transparency. Annual reporting could highlight problems or progress that prompt Congressional action, oversight, or policy changes.
FHA stakeholders (mortgage holders, insurers, and the housing finance market): Indirectly affected because testimony must address the FHA mortgage insurance fund’s health, possibly drawing attention to fund status and risk-management practices.
Housing project developers and affordable housing advocates: Indirectly affected through public reporting on affordable housing progress; testimony may influence legislative priorities or funding decisions.
Overall effect: The bill increases regular congressional oversight and public transparency about HUD’s operations without changing program rules or creating new funding streams. It imposes a predictable annual reporting task on HUD leadership and may increase the visibility of program successes, problems, or financial risks, potentially prompting future legislative or administrative responses.
Referred to the House Committee on Financial Services.
Last progress June 5, 2025 (8 months ago)
Introduced on June 5, 2025 by Michael Lawler