Page:United States Statutes at Large Volume 122.djvu/2689

 12 2 STA T . 2 6 66 PUBLIC LA W 11 0– 2 89—J UL Y3 0, 2008 ‘ ‘ (5)theas sess m e n t of the B oa rd or an y of i ts mem b ers w ith res p e c tto — ‘‘( A ) the safety and so u ndness of the re g u l ated entities ‘‘(B) any material deficiencies in the conduct of the operations of the regulated entities; ‘‘( C )theo v erall operational status of the regulated entities; and ‘‘( D ) an evaluation of the performance of the regulated entities in carrying out their respective missions; ‘‘( 6 ) operations , resources, and performance of the Agency; and ‘‘( 7 ) such other matters relating to the Agency and the fulfillment of its mission .’ ’. SEC.1 1 04 . AUTHORI T Y TO RE Q UIRE RE P ORTS B YRE G U L ATE D E N TI - TIES. (a) INGE NE RAL .— S ection 13 1 4 of the F ederal H ousing E nter - prises Financial Safety and Soundness Act of 1 9 9 2 (12 U .S.C. 4514) is amended— (1) in the section heading, by stri k ing ‘‘ ENT E RP R IS ES’’ and inserting ‘‘RE GULA TE D ENTITIES’’; (2) by striking ‘‘an enterprise’’ each place that term appears and inserting ‘‘a regulated entity’’; (3) by striking ‘‘the enterprise’’ and inserting ‘‘the regulated entity’’; (4) in subsection (a)— (A) by striking the subsection heading and all that follows through ‘‘and operations’’ in paragraph (1) and inserting the following

‘‘(a) R E GU LAR AN D S P E CI AL REP O R TS .— ‘‘(1) REGULAR REPORTS.— T he Director may re q uire, by gen- eral or specific orders, a regulated entity to submit regular reports, including financial statements determined on a fair value basis, on the condition (including financial condition), management, activities, or operations of the regulated entity, as the Director considers appropriate’’; and (B) in paragraph (2)— (i) by inserting ‘‘, by general or specific orders,’’ after ‘‘may also require’’; and (ii) by striking ‘‘whenever’’ and inserting ‘‘on any of the topics specified in paragraph (1) or any other relevant topics, if’’; and (5) by adding at the end the following: ‘‘(c) P ENALTIES F OR FAILURE TO M A K E REPORTS.— ‘‘(1) V IOLATIONS.—It shall be a violation of this section for any regulated entity— ‘‘(A) to fail to make, transmit, or publish any report or obtain any information required by the Director under this section, section 3 0 9(k) of the Federal N ational Mort- gage Association Charter Act, section 307(c) of the Federal Home L oan Mortgage Corporation Act, or section 20 of the Federal Home Loan Bank Act, within the period of time specified in such provision of law or otherwise by the Director; or ‘‘(B) to submit or publish any false or misleading report or information under this section. ‘‘(2) PENALTIES.—

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