Page:United States Statutes at Large Volume 106 Part 5.djvu/312

 106 STAT. 3950 PUBLIC LAW 102-550—OCT. 28, 1992 (b) PROHmmoN OF SETTING COMPENSATION. — In carrying out subsection (a), the Director may not prescribe or set a specific level or range of compensation. 12 USC 4519. SEC. 1319. AUTHORTIY TO PROVIDE FOR REVIEW OF ENTERPRISES BY RATING ORGANIZATION. The Director may, on such terms and conditions as the Director deems appropriate, contract with any entity effectively recognized byr the Division of Market Regulation of the Securities and Exdiange Commission as a nationally recognized statistical rating organization for the purposes of the capital rules for broker-dealers, to conduct a review of the enterprises. Minorities. SEC. 1319A. EQUAL OPPORTUNITY IN SOUCITATION OF CONTRACTS. I2°usc 4520 (*^ ^^ GENERAL. — Each enterprise shall establish a minority outreach program to ensure the inclusion (to the maximum extent possible) m contracts entered into by the enterprises of minorities and women and businesses owned by minorities and women, including financial institutions, investment banking firms, underwriters, accountants, brokers, and providers of le^al services. (b) REPORT.— Not later than the expiration of the 180-day period beginning on the date of the enactment of this Act, each enterprise shall submit to the Committee on Banking, Finance and lJrban Affairs of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a report describing the actions taken by the enterprise pursuant to subsection (a). 12 USC 4521. SEC. 1319B. ANNUAL REPORTS BY DIRECTOR. (a) GENERAL REPORT. —The Director shall submit 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, not later than June 15 of each year, a written report, which shall include— (1) a description of the actions taken, and being undertaken, by the Director to carry out this title; (2) a description of the financial safety and soundness of each enterprise, including the results and conclusions of the annual examinations of the enterprises conducted under section 1317(a); and (3) any recommendations for legislation to enhance the financial safety and soundness of the enterprises. (b) REPORT ON ENFORCEMENT ACTIONS. —Not later than March 15 of each year, the Director shall submit to the Committee on Banking, Finance and Urbcui Affairs of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a written report describing, for the preceding calendar year, the requests by the Director to the Attorney General for enforcement actions under subtitle C and describing the disposition of each request, which shall include statements of— (1) the total niunber of requests made by the Director; (2) the number of requests that resulted in the commencement of Utigation by the Department of Justice; (3) the number of requests that did not result in the commencement of litigation by the Department of Justice; (4) with respect to requests that resulted in the commencement of Utigation—

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