Page:United States Statutes at Large Volume 106 Part 5.djvu/314

 106 STAT. 3952 PUBLIC LAW 102-550—OCT. 28, 1992 of title 5, United States Code, may accept compensation from an enterprise during the 2-year period beginning on the date of separation from employment by the Office. 12 USC 4524. SEC. 1319E. AUDITS BY GAO. The Comptroller General shall audit the operations of the Office in accordance with generally accepted Government auditing standards. All books, records, accounts, reports, files, and property belonging to, or used by, the Office shall be made available to the Comptroller General. Audits under this section shall be conducted annually for the first 2 fiscal years following the date of the enactment of this Act and as appropriate thereafter. 12 USC 4525. SEC. 1S19F. INFORMATION, RECORDS, AND MEETINGS. For purposes of subchapter II of chapter 5 of title 5, United States Code— (1) the Office, and (2) the Department of Housing and Urban Development, with respect to activities under this title, shall be considered agencies responsible for the regulation or supervision of financial institutions. 12 USC 4526. SEC. 1319G. 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 title before the expiration of the 18-month period beginning on the appointment of the Director under section 1312. Such regulations and orders shall be subject to the approved of the Secretary only to the extent provided in subsections (b) and (c) of section 1313. (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, United States Code. (c) CONGRESSIONAL REVIEW.— The Director may not publish any regulation for comment under subsection (b) 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. PART 2—AUTHORITY OF SECRETARY Subpart A—General Authority 12 USC 4541. SEC. 1321. REGULATORY AUTHORITY. Except for the authority of the Director of the Office of Federal Housing Enterprise Oversight described in section 1313(b) and all other matters relating to the safety and soundness of the enterprises, the Secretary of Housing and Urban Development shall nave general regulatory power over each enterprise ana shall make such rules and regulations as shall be necessary and proper to ensure that this part and the purposes of the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act are accomplished.

�