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.
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. 3952Enacted 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.General Accounting Office Act of 1996
Pub. L. 104–316 title I § 106(h) · 110 Stat. 3826
Substituted · 12 U.S.C. § 4524
Pub. L. 104–316, in first sentence, substituted “may audit” for “shall audit”
Inserted · 12 U.S.C. § 4524
Pub. L. 104–316, in first sentence, inserted “, and any such audit shall be conducted” after “Office”
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.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.”