Date: May 14, 2014
Issue: Capital Formation
To: Committee on Banking, Housing and Urban Affairs
Filing Type: Hill
Description: The Reed amendment would require each member of the audit committee of the board of directors (in addition to the chairman of the board and the CEO and CFO) of an approved entity certify in writing – on an annual basis – to the Federal Mortgage Insurance Corporation (FMIC) that they are in compliance with all provisions of S. 1217 and any regulations promulgated pursuant to it.