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Title 12 — Banks and Banking

Part A · Chapter 46 — Government Sponsored Enterprises

§ 4523. Limitation on subsequent employment

Statutory text

Neither the Director nor any former officer or employee of the Agency who, while employed by the Agency, was compensated at a rate in excess of the lowest rate for a position classified higher than GS–15 of the General Schedule under section 5107 of title 5 may accept compensation from an enterprise during the 2-year period beginning on the date of separation from employment by the Agency.

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. Federal Housing Enterprises Financial Safety and Soundness Act of 1992

    Pub. L. 102–550 title XIII § 1319D · 106 Stat. 3672

    Enacted · 12 U.S.C. § 4523

    Pub. L. 102–550, title XIII, § 1319D, Oct. 28, 1992, 106 Stat. 3951

    Source evidence

    Code source credit
    Pub. L. 102–550, title XIII, § 1319D, Oct. 28, 1992, 106 Stat. 3951

    Enacted provision · exact public law section
    SEC. 1319D. LIMITATION ON SUBSEQUENT EMPLOYMENT. Neither the Director nor any former officer or employee of the Office who, while employed by the Office, was compensated at a rate in excess of the lowest rate for a position classified higher than GS–15 of the General Schedule under section 5107 of title 5, United States Code, may accept compensation from an enterprise during the 2-year period beginning on the date of separation from employment by the Office.

  2. Federal Housing Finance Regulatory Reform Act of 2008

    Pub. L. 110–289 div. A title I § 1161(a)(5) · 122 Stat. 2654

    Substituted · 12 U.S.C. § 4523

    Pub. L. 110–289 substituted “the Agency” for “the Office” wherever appearing

    Source evidence

    Code amendment note
    Pub. L. 110–289 substituted “the Agency” for “the Office” wherever appearing.

    Enacted provision · exact public law section
    (5) in each of sections 1319D, 1319E, and 1319F (12 U.S.C. 4523, 4524, 4525) by striking “the Office” each place that term appears and inserting “the Agency”; and

2 of 2 references resolved to an enrolled provision

Editorial Notes

Amendments

2008—Pub. L. 110–289 substituted “the Agency” for “the Office” wherever appearing.

Credits

1992–2008 · 2 acts
  1. 1992Pub. L. 102–550, title XIII, § 1319D, , 106 Stat. 3951
  2. 2008Pub. L. 110–289, div. A, title I, § 1161(a)(5), , 122 Stat. 2779.
Show as published

(Pub. L. 102–550, title XIII, § 1319D, , 106 Stat. 3951; Pub. L. 110–289, div. A, title I, § 1161(a)(5), , 122 Stat. 2779.)

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/s4523