Page:United States Statutes at Large Volume 110 Part 5.djvu/757

 PUBLIC LAW 104-316—OCT. 19, 1996 110 STAT. 3831 Improvement Act of 1991 (12 U.S.C. 1823 note) is amended by striking "ANNUAL GAO" and inserting "GAO". (c) QUARTERLY REPORT ON FDIC COMPLIANCE WITH LIMITS ON OUTSTANDING OBLIGATIONS.—Section 102 of the Federal Deposit Insurance Corporation Improvement Act of 1991 (12 U.S.C. 1825 note) is amended by striking subsection (b). (d) PROMPT CORRECTIVE ACTION: GAO REVIEW.—Section 38(k)(5) of the Federal Deposit Insurance Act (12 U.S.C. 1831o(k)(5)) is amended to read as follows: "(5) GAO REVlEW.The Comptroller General of the United States shall, under such conditions as the Comptroller General determines to be appropriate, review reports made under paragraph (1) and recommend improvements in the supervision of insured depository institutions (including the implementation of this section).". (e) GAO REPORTS ON RISK-BASED INSURANCE PREMIUMS, ACCESS TO ASSOCIATION CAPITAL, AND SUPPLEMENTAL PREMIUMS. — Section 204(a) of the Farm Credit Banks and Associations Safety and Soundness Act of 1992 (Public Law 102-552; 106 Stat. 4106; 12 U.S.C. 2277a-4 note) is amended by striking "shall" and inserting "may". (f) REVIEW OF FEDERAL AGRICULTURAL MORTGAGE CORPORATION GUARANTEE FEES.— Section 8.10(b)(4) of the Farm Credit Act of 1971 (12 U.S.C. 2279aa-10(b)(4)) is amended— (1) in the paragraph heading, by striking "ANNUAL REVIEW" and inserting "REVIEW"; and (2) by striking "shall annually" and inserting "may". (g) GAO STUDIES OF APPRAISALS.— (1) IN GENERAL.— Section 1112(c) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 3341) is amended— (A) in paragraph (1), by striking "At the end of the 18-month period" and all that follows through "study" and inserting "The Comptroller General of the United States may conduct, under such conditions as the Comptroller General determines appropriate, studies"; and (B) in paragraph (2), by striking "required under" and inserting "referred to in". (2) CLERICAL AMENDMENT.—The heading for section 1112(c)(1) of Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 3341(c)(1)) is amended by striking "STUDY REQUIRED" and inserting "GAO STUDIES". (h) AUDIT OF OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT.— Section 1319E of the Housing and Community Development Act of 1992 (12 U.S.C. 4524) is amended— (1) in the first sentence— (A) by striking "shall" and inserting "may"; and (B) by inserting ", and any such audit shall be conducted" after "Office"; and (2) by striking the last sentence. (i) SHARING OF INFORMATION.— Section ll(t) of the Federal Deposit Insurance Act (12 U.S.C. 1821(t)) is amended by adding at the end of paragraph (2)(A) the following new clause: "(vi) The General Accounting Office.".

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