Title 12 — Banks and Banking
Part A · Chapter 46 — Government Sponsored Enterprises
§ 4519. Authority to provide for review of regulated entities
Statutory text
The Director may, on such terms and conditions as the Director deems appropriate, contract with any entity to conduct a review of the regulated entities.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Housing and Community Development Act of 1992
Pub. L. 102–550 title XIII § 1319 · 106 Stat. 3672
Enacted · 12 U.S.C. § 4519
Pub. L. 102–550, title XIII, § 1319, Oct. 28, 1992, 106 Stat. 3950
Source evidence
Code source credit
Pub. L. 102–550, title XIII, § 1319, Oct. 28, 1992, 106 Stat. 3950Credit Rating Agency Reform Act of 2006
Pub. L. 109–291 § 4(b)(4) · 120 Stat. 1327
Substituted · 12 U.S.C. § 4519
Pub. L. 109–291 substituted “that is a nationally recognized statistical rating organization, as such term is defined in section 78c(a) of title 15” for “effectively recognized by the Division of Market Regulation of the Securities and Exchange Commission as a nationally recognized statistical rating organization for the purposes of the capital rules for broker-dealers”
Source evidence
Code amendment note
Pub. L. 109–291 substituted “that is a nationally recognized statistical rating organization, as such term is defined in section 78c(a) of title 15” for “effectively recognized by the Division of Market Regulation of the Securities and Exchange Commission as a nationally recognized statistical rating organization for the purposes of the capital rules for broker-dealers”.Enacted provision · exact public law section
(4) Housing and community development act of 1992.— Section 1319 of the Housing and Community Development Act of 1992 (12 U.S.C. 4519) is amended by striking “effectively” and all that follows through “broker-dealers” and inserting “that is a nationally recognized statistical rating organization, as such term is defined in section 3(a) of the Securities Exchange Act of 1934”.Federal Housing Finance Regulatory Reform Act of 2008
Pub. L. 110–289 div. A title I § 1105(d) · 122 Stat. 2654
Substituted · 12 U.S.C. § 4519
Pub. L. 110–289 substituted “regulated entities” for “enterprises by rating organization” in text
Substituted · 12 U.S.C. § 4519
Pub. L. 110–289 substituted “regulated entities” for “enterprises” in text
Source evidence
Code amendment note
Pub. L. 110–289 substituted “regulated entities” for “enterprises by rating organization” in section catchline and “regulated entities” for “enterprises” in text.Enacted provision · exact public law section
(d) Authority To Contract for Reviews of Regulated Entities.— 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 “enterprises by rating organization” and inserting “regulated entities”; and (2) by striking “enterprises” and inserting “regulated entities”.Investor Protection and Securities Reform Act of 2010
Pub. L. 111–203 title IX § 939(b) · 124 Stat. 1376
Struck · 12 U.S.C. § 4519
Pub. L. 111–203 struck out “that is a nationally recognized statistical rating organization, as such term is defined in section 78c(a) of title 15,” after “entity”
Source evidence
Code amendment note
Pub. L. 111–203 struck out “that is a nationally recognized statistical rating organization, as such term is defined in section 78c(a) of title 15,” after “entity”.Enacted provision · exact public law section
(b) Federal Housing Enterprises Financial Safety and Soundness Act of 1992.— Section 1319 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4519) is amended by striking “that is a nationally recognized statistical rating organization, as such term is defined in section 3(a) of the Securities Exchange Act of 1934,”.Effective date note
Amendment by Pub. L. 111–203 effective 2 years after July 21, 2010, see section 939(g) of Pub. L. 111–203, set out as a note under section 24a of this title.
4 of 5 references resolved to an enrolled provision · 1 partial
Editorial Notes
Amendments2006–2010 · 3 rounds
2010
Pub. L. 111–203 struck out “that is a nationally recognized statistical rating organization, as such term is defined in section 78c(a) of title 15,” after “entity”.
2008
Pub. L. 110–289 substituted “regulated entities” for “enterprises by rating organization” in section catchline and “regulated entities” for “enterprises” in text.
2006
Pub. L. 109–291 substituted “that is a nationally recognized statistical rating organization, as such term is defined in section 78c(a) of title 15” for “effectively recognized by the Division of Market Regulation of the Securities and Exchange Commission as a nationally recognized statistical rating organization for the purposes of the capital rules for broker-dealers”.
Statutory Notes and Related Subsidiaries
Effective Date of 2010 Amendment
Amendment by Pub. L. 111–203 effective 2 years after , see section 939(g) of Pub. L. 111–203, set out as a note under section 24a of this title.