Page:United States Statutes at Large Volume 106 Part 5.djvu/366

 106 STAT. 4004 PUBLIC LAW 102-550—OCT. 28, 1992 the agreement or contract are comparable to benefits under such agreements for officers of other public and private entities involved in financial services and housing interests who have comparable duties and responsibilities. For purposes of this paragraph, any renegotiation, amendment, or chaJnge after sudi date of enactment to any such agreement or contract entered into on or before such date of enactment shall be considered entering into an agreement or contract. "(3) For purposes of this subsection, the term 'executive officer* has the meaning given the term in section 1303 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992.". (g) POWERS OF CORPORATION. —Section 303(c) of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1452(c)) is amended by striking the second sentence. (h) REPEAL OF PROHIBITION ON PREJUDGMENT ATTACHMENT.— Section 303(f) of the Federal Home Loan Mortgage Corporation Act (12 U.S.C!. 1452(f)) is amended by striking the last sentence. (i) CAPITAL STOCK. —Section 304 of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1453) is amended— (1) by striking subsections (b), (c), and (d); (2) in subsection (a)(D, by striking "(1) The common stock" and all that follows and inserting the following: The common stock of the Corporation shall consist of voting common stock, which shall be issued to such holders in the manner and amount, and subject to any limitations on concentration of ownership, as may be established by the Corporation."; and (3) in subsection (a)(2)— (A) in the first sentence, by striking "nonvoting common stock and the"; (B) by striking the last sentence; and (C) by striking the paragraph designation and inserting "(b)". (j) MORTGAGE SELLERS. — Section 305(a)(l) of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1454(a)(l)) is amended— (1) in the first sentence, by striking "from any Federal home loan bank" and all that follows through the end of the sentence and inserting a period; and (2) in the second sentence, by striking ", and the servicing" and all that follows through the end of the sentence and inserting a period. (k) HIGH COST AREAS. — The last sentence of section 305(a)(2) of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1454(a)(2)) is amended by striking "and Hawaii" and inserting "Hawaii, and the Virgin Islands". (1) REPEAL OF PROHIBITION ON MORTGAGE LIMITATIONS. — Section 305 of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1454) is amended by striking subsection (c). (m) PRIOR APPROVAL OF SECRETARY FOR NEW PROGRAMS. — Section 305 of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1454) is amended by inserting after subsection (b) the following new subsection: "(c) The Corporation may not implement any new program (as such term is defined in section 1303 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992) before obtaining the approval of the Secretary under section 1322 of such Act.".

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