12 USC 4513a - Federal Housing Finance Oversight Board

U.S Code last checked for updates: Nov 22, 2024

§ 4513a.

Federal Housing Finance Oversight Board

(a)

In general

(b)

Limitations

(c)

Composition

The Board shall be comprised of 4 members, of whom—

(1)

1 member shall be the Secretary of the Treasury;

(2)

1 member shall be the Secretary of Housing and Urban Development;

(3)

1 member shall be the Chairman of the Securities and Exchange Commission; and

(4)

1 member shall be the Director, who shall serve as the Chairperson of the Board.

(d)

Meetings

(1)

In general

(2)

Special meetings

(e)

Testimony

On an annual basis, the Board shall testify before Congress regarding—

(1)

the safety and soundness of the regulated entities;

(2)

any material deficiencies in the conduct of the operations of the regulated entities;

(3)

the overall operational status of the regulated entities;

(4)

an evaluation of the performance of the regulated entities in carrying out their respective missions;

(5)

operations, resources, and performance of the Agency; and

(6)

such other matters relating to the Agency and its fulfillment of its mission, as the Board determines appropriate.

(Pub. L. 102–550, title XIII, § 1313A, as added Pub. L. 110–289, div. A, title I, § 1103(a), July 30, 2008, 122 Stat. 2665.)

cite as: 12 USC 4513a