US Laws, Codes, Statutes & Cases

From the U.S. Code Online via GPO Access
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[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
  January 24, 2002 and December 19, 2002]
[CITE: 12USC4526]

 
                       TITLE 12--BANKS AND BANKING
 
              CHAPTER 46--GOVERNMENT SPONSORED ENTERPRISES
 
         SUBCHAPTER I--SUPERVISION AND REGULATION OF ENTERPRISES
 
            Part A--Financial Safety and Soundness Regulator
 
Sec. 4526. Regulations and orders


(a) Authority

    The Director shall issue any regulations and orders necessary to 
carry out the duties of the Director and to carry out this chapter 
before the expiration of the 18-month period beginning on the 
appointment of the Director under section 4512 of this title. Such 
regulations and orders shall be subject to the approval of the Secretary 
only to the extent provided in subsections (b) and (c) of section 4513 
of this title.

(b) Notice and comment

    Any regulations issued by the Director under this section shall be 
issued after notice and opportunity for public comment pursuant to the 
provisions of section 553 of title 5.

(c) Congressional review

    The Director may not publish any regulation for comment under 
subsection (b) of this section unless, not less than 15 days before it 
is published for comment, the Director has submitted a copy of the 
regulation, in the form it is intended to be proposed, to the Committee 
on Banking, Finance and Urban Affairs of the House of Representatives 
and the Committee on Banking, Housing, and Urban Affairs of the Senate.

(Pub. L. 102-550, title XIII, Sec. 1319G, Oct. 28, 1992, 106 Stat. 
3952.)

                       References in Text

    This chapter, referred to in subsec. (a), was in the original ``this 
title'', meaning title XIII of Pub. L. 102-550, Oct. 28, 1992, 106 Stat. 
3941, which is classified principally to this chapter. For complete 
classification of title XIII to the Code, see Short Title note set out 
under section 4501 of this title and Tables.

                         Change of Name

    Committee on Banking, Finance and Urban Affairs of House of 
Representatives treated as referring to Committee on Banking and 
Financial Services of House of Representatives by section 1(a) of Pub. 
L. 104-14, set out as a note preceding section 21 of Title 2, The 
Congress. Committee on Banking and Financial Services of House of 
Representatives abolished and replaced by Committee on Financial 
Services of House of Representatives, and jurisdiction over matters 
relating to securities and exchanges and insurance generally transferred 
from Committee on Energy and Commerce of House of Representatives by 
House Resolution No. 5, One Hundred Seventh Congress, Jan. 3, 2001.