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Title 12 — Banks and Banking

Part A · Chapter 46 — Government Sponsored Enterprises

§ 4524. Audits by GAO

Statutory text

The Comptroller General may audit the operations of the Agency, and any such audit shall be conducted in accordance with generally accepted Government auditing standards. All books, records, accounts, reports, files, and property belonging to, or used by, the Agency shall be made available to the Comptroller General.

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 § 1319E · 106 Stat. 3672

    Enacted · 12 U.S.C. § 4524

    Pub. L. 102–550, title XIII, § 1319E, Oct. 28, 1992, 106 Stat. 3952

    Source evidence

    Code source credit
    Pub. L. 102–550, title XIII, § 1319E, Oct. 28, 1992, 106 Stat. 3952

    Enacted provision · exact public law section
    SEC. 1319E. AUDITS BY GAO. The Comptroller General shall audit the operations of the Office in accordance with generally accepted Government auditing standards. All books, records, accounts, reports, files, and property belonging to, or used by, the Office snail be made available to the Comptroller General. Audits under this section shall be conducted annually for the first 2 fiscal years following the date of the enactment of this Act and as appropriate thereafter.

  2. General Accounting Office Act of 1996

    Pub. L. 104–316 title I § 106(h) · 110 Stat. 3826

    1. Substituted · 12 U.S.C. § 4524

      Pub. L. 104–316, in first sentence, substituted “may audit” for “shall audit”

    2. Inserted · 12 U.S.C. § 4524

      Pub. L. 104–316, in first sentence, inserted “, and any such audit shall be conducted” after “Office”

    3. Struck · 12 U.S.C. § 4524

      Pub. L. 104–316, in first sentence, struck out at end “Audits under this section shall be conducted annually for the first 2 fiscal years following October 28, 1992, and as appropriate thereafter.”

    Source evidence

    Code amendment note
    Pub. L. 104–316, in first sentence, substituted “may audit” for “shall audit” and inserted “, and any such audit shall be conducted” after “Office”, and struck out at end “Audits under this section shall be conducted annually for the first 2 fiscal years following October 28, 1992, and as appropriate thereafter.”

    Enacted provision · exact public law section
    (h) Audit of Office of Federal Housing Enterprise Oversight.— Section 1319E of the Housing and Community Development Act of 1992 (12 U. S. C. 4524) is amended— (1) in the first sentence— (A) by striking “shall” and inserting “may”; and (B) by inserting “, and any such audit shall be conducted” after “Office”; and (2) by striking the last sentence.

  3. 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. § 4524

    Pub. L. 110–289 substituted “the Agency” for “the Office” in two places

    Source evidence

    Code amendment note
    Pub. L. 110–289 substituted “the Agency” for “the Office” in two places.

    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

5 of 5 references resolved to an enrolled provision

Editorial Notes

Amendments1996–2008 · 2 rounds

2008

Pub. L. 110–289 substituted “the Agency” for “the Office” in two places.

1996

Pub. L. 104–316, in first sentence, substituted “may audit” for “shall audit” and inserted “, and any such audit shall be conducted” after “Office”, and struck out at end “Audits under this section shall be conducted annually for the first 2 fiscal years following , and as appropriate thereafter.”

Credits

1992–2008 · 3 acts
  1. 1992Pub. L. 102–550, title XIII, § 1319E, , 106 Stat. 3952
  2. 1996Pub. L. 104–316, title I, § 106(h), , 110 Stat. 3831
  3. 2008Pub. L. 110–289, div. A, title I, § 1161(a)(5), , 122 Stat. 2779.
Show as published

(Pub. L. 102–550, title XIII, § 1319E, , 106 Stat. 3952; Pub. L. 104–316, title I, § 106(h), , 110 Stat. 3831; 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/s4524