Page:United States Statutes at Large Volume 106 Part 5.djvu/363

 PUBLIC LAW 102-550—OCT. 28, 1992 106 STAT. 4001 "(B) Before making a report under this subsection available to the public, the corporation may exclude from the report information that the Secretary has determined is proprietary information under section 1326 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992.". (q) HOUSING ADVISORY COUNCIL.—Section 309 of the Federal National Mortgage Association Charter Act (12 U.S.C. 1723a) is amended by adcQng after subsection (n) (as added by subsection (p) of this section) the following new subsection: "(o)(l) Not later than 4 months after the date of enactment of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, the corporation shall appoint an Affordable Housing Advisory Council to advise the corporation regarding possible methods for promoting affordable hoiising for low- and moderate-income families. "(2) The Affordable Housing Advisory Council shall consist of 15 individuals, who shall include representatives of community- based and other nonprofit and for-profit organizations and State and local government agencies actively engaged in the promotion, development, or financing of housing for low- and moderate-income families.". (r) STOCK ISSUANCES. —The second sentence of section 311 of the Federal National Mortgage Association Charter Act (12 U.S.C. 1723c) is amended by striking all that follows "Commission" and inserting a period. (s) TECHNICAL AMENDMENTS. — (1) Section 302(c) of the Federal National Mortgage Association Charter Act (12 U.S.C. 1717(c)) is amended— (A) in paragraph (2)— (i) in the first sentence following subparagraph (F), by striking "him" and inserting "the trustor"; and (ii) in the last sentence, by striking "his" each place it appears and inserting "the trustor's"; and (B) in paragraph (3), by striking lie" each place it appears and inserting "the trustor". (2) Section 304(c) of the Federal National Mortgage Association Charter Act (12 U.S.C. 1719(c)) is amended— (A) by striking "his" each place it appears and inserting "the Secretary's"; and (B) in the fourth sentence— (i) by striking "he" and inserting "the Secretary"; and (ii) by striking "him" and inserting "the Secretary". (3) Section 309 of the Federal National Mortgage Association Charter Act (12 U.S.C. 1723a) is amended— (A) in subsection (d)(2)— (i) in the third sentence, by striking "his employ- ment" each place it appears and inserting "the employ- ment of such officer or employee"; and (ii) in the last sentence, by striking "his basic pay" and inserting "the basic pay of such person"; and (B) in subsection (e), by striking "he or it" and inserting "the individual, association, partnership, or corporation".

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