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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.

  1. 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. 3950

  2. Credit 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”.

  3. Federal Housing Finance Regulatory Reform Act of 2008

    Pub. L. 110–289 div. A title I § 1105(d) · 122 Stat. 2654

    1. Substituted · 12 U.S.C. § 4519

      Pub. L. 110–289 substituted “regulated entities” for “enterprises by rating organization” in text

    2. 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”.

  4. 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.

Credits

1992–2010 · 4 acts
  1. 1992Pub. L. 102–550, title XIII, § 1319, , 106 Stat. 3950
  2. 2006Pub. L. 109–291, § 4(b)(4), , 120 Stat. 1337
  3. 2008Pub. L. 110–289, div. A, title I, § 1105(d), , 122 Stat. 2668
  4. 2010Pub. L. 111–203, title IX, § 939(b), , 124 Stat. 1886.
Show as published

(Pub. L. 102–550, title XIII, § 1319, , 106 Stat. 3950; Pub. L. 109–291, § 4(b)(4), , 120 Stat. 1337; Pub. L. 110–289, div. A, title I, § 1105(d), , 122 Stat. 2668; Pub. L. 111–203, title IX, § 939(b), , 124 Stat. 1886.)

Parsed from the official OLRC USLM XML in data/usc_all/usc12.xml · release point 119-108 · OLRC build 2026-07-23

USLM identifier /us/usc/t12/s4519