Page:United States Statutes at Large Volume 122.djvu/2814

 12 2 STA T . 2 79 1 PUBLIC LA W 11 0– 2 8 9 —J UL Y3 0, 2008 ‘ ‘ (1)DAT A .—EachFed e r a lHom e L oa nB an ks hall p ro vi de t o the Director , ina f orm determined by the Director, cens u s tract level data relatin g to mortgages purchased, if any, including— ‘‘( A ) data consistent w ith that reported under section 1 32 3 of the Federal Housing Enterprises Financial S afety and Soundness Act of 1 9 92 ‘‘(B) data elements re q uired to be reported under the Home M ortgage Disclosure Act of 19 75 ‘‘( C ) any other data elements that the Director con - siders appropriate. ‘‘(2) PUBLIC U SED ATABASE.— ‘‘(A) ING ENE R AL.— T he Director shall make available to the public, in a form that is useful to the public (including forms accessible electronically), and to the e x tent practicable, the data provided to the Director under para- graph (1). ‘‘(B) PR OP RIETAR Y IN F OR M ATION.— N ot withstanding subparagraph (A), the Director may not provide public access to, or disclose to the public, any information required to be submitted under this subsection that the Director determines is proprietary or that would provide personally identifiable information and that is not otherwise publicly accessible through other forms, unless the Director deter- mines that it is in the public interest to provide such information. ’ ’. SEC.12 1 3 .SE MIAN N U A LR E PO R T S. Section 21B of the Federal Home Loan Bank Act is amended in subsection (f)(2)(C), by adding at the end the following
 * and

‘‘(v) SEMIANNUAL REPORTS.—The Director shall report semiannually to the Committee on Banking, Housing, and U rban Affairs of the Senate and the Committee on Financial Services of the House of R ep- resentatives on the pro j ected date for the completion of contributions required by this section.’’. SEC. 121 4 .LI Q UI D ATION OR REOR G ANI Z ATION O F A FEDERAL H OME LOAN B AN K . Section 2 6 of the Federal Home Loan Bank Act (12 U.S.C. 1 4 46) is amended by adding at the end the following: ‘‘At least 3 0 days prior to liquidating or reorgani z ing any Bank under this section, the Director shall notify the Bank of its determination and the facts and circumstances upon which such determination is based. The Bank may contest that determination in a hearing before the Director, in which all issues shall be determined on the record pursuant to section 554 of title 5, United States Code.’’. SEC. 121 5 . STUD Y AND REPORT TO CONGRESS ON SECURITIZATION OF ACQUIRED MEMBER ASSETS. (a) STUDY.—The Director shall conduct a study on securitization of home mortgage loans purchased or to be purchased from member financial institutions under the Acquired Member Assets programs. In conducting the study, the Director shall establish a process for the formal submission of comments. (b) ELEMENTS.—The study shall encompass— (1) the benefits and risks associated with securitization of Acquired Member Assets; Records.D e a d lin e. N o t i f ication. 12USC 1 4 41 b.

�