Page:United States Statutes at Large Volume 122.djvu/2691

 12 2 STA T . 2 6 6 8PUBLIC LA W 11 0– 28 9—J UL Y3 0, 2008 (B)bystrik i ng‘ ‘t ode ter m ine t h e c ondition o fa n enter -p rise for the p u rpose of ensuring its financia l safety and soundness ’ ’ and inserting ‘‘or appropriate’’ ( 3 ) in subsection (c) , in the second sentence, by inserting before the period ‘‘to conduct e x aminations under this section’’; ( 4 ) by redesignating subsections (d) through (f) as sub- sections (e) through (g), respecti v ely; and ( 5 ) by inserting after subsection (c) the follo w ing

‘‘(d) INSPECTORG ENER AL.—T here shall be within the A gency an Inspector General, who shall be appointed in accordance with section 3(a) of the Inspector General Act of 1978 .’’. (b) DI RECT H IRE A U T H ORIT Y TO HIRE ACCOUNTANTS, E CONO- M ISTS, AN D E X AMINERS.— S ection 1317 of the F ederal Housing Enterprises Financial Safety and Soundness Act of 199 2 (12 U .S. C . 4517) is amended by adding at the end the following: ‘‘(h) APPOINTMENT O F ACCOUNTANTS, ECONOMISTS, AND EXAM- INERS.— ‘‘(1) APPLICA B ILITY.—This section shall apply with respect to any position of examiner, accountant, economist, and spe- cialist in financial markets and in technology at the Agency, with respect to supervision and regulation of the regulated entities, that is in the competitive service. ‘‘(2) APPOINTMENT AUTHORITY.—The Director may appoint candidates to any position described in paragraph (1)— ‘‘(A) in accordance with the statutes, rules, and regula- tions governing appointments in the excepted service; and ‘‘(B) notwithstanding any statutes, rules, and regula- tions governing appointments in the competitive service.’’. (c) AMENDMENTS TO INSPECTOR GENERAL ACT.—Section 11 of the Inspector General Act of 1978 (5 U.S.C. App.) is amended— (1) in paragraph (1), by inserting ‘‘; the Director of the Federal Housing Finance Agency’’ after ‘‘Social Security Administration’’; and (2) in paragraph (2), by inserting ‘‘, the Federal Housing Finance Agency’’ after ‘‘Social Security Administration’’. (d) AUTHORITY TO CONTRACT FOR R E V IE W SOFRE G ULATED ENTI- TIES.—Section 1319 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4519) is amended— (1) in the section heading, by striking ‘‘ ENT E RP R IS ES BY R A TIN GO RGANI Z ATION’’ and inserting ‘‘REG UL ATE D ENTITIES’’; and (2) by striking ‘‘enterprises’’ and inserting ‘‘regulated enti- ties’’. (e) O FFICE OF THE OMBUDSMAN.—Section 1317 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4517) is amended by adding at the end the following: ‘‘(i) OMBUDSMAN.—The Director shall establish, by regulation, an Office of the Ombudsman within the Agency, which shall be responsible for considering complaints and appeals, from any regu- lated entity and any person that has a business relationship with a regulated entity, regarding any matter relating to the regulation and supervision of such regulated entity by the Agency. The regula- tion issued by the Director under this subsection shall specify the authority and duties of the Office of the Ombudsman.’’. Establi s hmen t .R e gu lati o ns.

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