Banking and Housing Agency Accountability Preservation Act

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Banking and Housing Agency 
Accountability Preservation Act''.

SEC. 2. PRESERVATION OF CERTAIN REPORTING REQUIREMENTS.

    Section 3003(a)(1) of the Federal Reports Elimination and Sunset 
Act of 1995 (31 U.S.C. 1113 note) shall not apply to any report 
required to be submitted under any of the following provisions of law:
            (1) Section 3 of the Employment Act of 1946 (15 U.S.C. 
        1022).
            (2) Section 309 of the Defense Production Act of 1950 (50 
        U.S.C. App. 2099).
            (3) Section 603 of the Public Works and Economic 
        Development Act of 1965 (42 U.S.C. 3213).
            (4) Section 7(o)(1) of the Department of Housing and Urban 
        Development Act (42 U.S.C. 3535(o)(1)).
            (5) Section 540(c) of the National Housing Act (12 U.S.C. 
        1735f-18(c)).
            (6) Paragraphs (2) and (6) of section 808(e) of the Civil 
        Rights Act of 1968 (42 U.S.C. 3608(e)).
            (7) Section 1061 of the Housing and Community Development 
        Act of 1992 (42 U.S.C. 4856).
            (8) Section 24(l) of the United States Housing Act of 1937 
        (42 U.S.C. 1437v(l)).
            (9) Section 203(v) of the National Housing Act (12 U.S.C. 
        1709(v)), as added by section 504 of the Housing and Community 
        Development Act of 1992 (Public Law 102-550; 106 Stat. 3780).
            (10) Section 232(j) of the National Housing Act (12 U.S.C. 
        1715w(j).
            (11) Section 802 of the Housing Act of 1954 (12 U.S.C. 
        1701o) and section 8 of the Department of Housing and Urban 
        Development Act (42 U.S.C. 3536).
            (12) Section 1320 of the National Flood Insurance Act of 
        1968 (42 U.S.C. 4027).
            (13) Section 113(a) of the Housing and Community 
        Development Act of 1974 (42 U.S.C. 5313(a)).
            (14) Section 626 of the National Manufactured Housing 
        Construction and Safety Standards Act of 1974 (42 U.S.C. 5425).
            (15) Section 4(e)(2) of the Department of Housing and Urban 
        Development Act (42 U.S.C. 3533(e)(2).
            (16) Section 205(g) of the National Housing Act (12 U.S.C. 
        1711(g)).
            (17) Section 2546 of the Comprehensive Thrift and Bank 
        Fraud Prosecution and Taxpayer Recovery Act of 1990 (28 U.S.C. 
        522 note).
            (18) Section 701(c)(1) of the International Financial 
        Institutions Act (22 U.S.C. 262d(c)(1)).
            (19) Paragraphs (1) and (2) of section 5302(c) of title 31, 
        United States Code.
            (20) Section 18(f)(7) of the Federal Trade Commission Act. 
        (15 U.S.C. 57a(f)(7)).
            (21) Section 333 of the Revised Statutes of the United 
        States (12 U.S.C. 14).
            (22) Section 3(g) of the Home Owners' Loan Act (12 U.S.C. 
        1462a(g)).
            (23) Section 537(h)(2) of the Foreign Operations, Export 
        Financing, and Related Programs Appropriations Act, 1988 (22 
        U.S.C. 262l(h)(2)).
            (24) Section 304 of the Appalachian Regional Development 
        Act of 1965 (40 U.S.C. App. 304).
            (25) Sections 2(b)(1)(A), 8(a), 8(c), 10(g)(1), and 11(c) 
        of the Export-Import Bank Act of 1945 (12 U.S.C. 635(b)(1)(A), 
        635g(a), 635g(c), 635i-3(g), and 635i-5(c)).
            (26) Section 17 of the Federal Deposit Insurance Act, other 
        than subsection (h) (12 U.S.C. 1827).
            (27) Section 13 of the Federal Financing Bank Act of 1933 
        (12 U.S.C. 2292).
            (28) Section 202(b)(8) of the National Housing Act (12 
        U.S.C. 1708(b)(8)).
            (29) Section 10(j)(12) of the Federal Home Loan Bank Act 
        (12 U.S.C. 1430(j)(12)).
            (30) Section 2B(d) of the Federal Home Loan Bank Act (12 
        U.S.C. 1422b(d)).
            (31) Section 1002(b) of Financial Institutions Reform, 
        Recovery, and Enforcement Act of 1989 (12 U.S.C. 1811 note).
            (32) Section 8 of the Fair Credit and Charge Card 
        Disclosure Act of 1988 (15 U.S.C. 1637 note).
            (33) Section 136(b)(4)(B) of the Truth in Lending Act (15 
        U.S.C. 1646(b)(4)(B)).
            (34) Section 707 of the Equal Credit Opportunity Act (15 
        U.S.C. 1691f).
            (35) Section 114 of the Truth in Lending Act (15 U.S.C. 
        1613).
            (36) The seventh undesignated paragraph of section 10 of 
        the Federal Reserve Act (12 U.S.C. 247).
            (37) The tenth undesignated paragraph of section 10 of the 
        Federal Reserve Act (12 U.S.C. 247a).
            (38) Section 2A of the Federal Reserve Act (12 U.S.C. 
        225a).
            (39) Section 815 of the Fair Debt Collection Practices Act 
        (15 U.S.C. 1692m).
            (40) Section 102(d) of the Federal Credit Union Act (12 
        U.S.C. 1752a(d)).
            (41) Section 21B(i) of the Federal Home Loan Bank Act (12 
        U.S.C. 1441b(i)).
            (42) Section 607(a) of the Housing and Community 
        Development Amendments of 1978 (42 U.S.C. 8106(a)).

SEC. 3. ELIMINATION OF CERTAIN REPORTING REQUIREMENTS.

    (a) Export-Import Bank.--
            (1) Section 2(b)(1)(D) of the Export-Import Bank Act of 
        1945 (12 U.S.C. 635(b)(1)(D)) is amended--
                    (A) by striking ``(i)''; and
                    (B) by striking clause (ii).
            (2) Section 2(b)(8) of such Act (12 U.S.C. 635(b)(8)) is 
        amended by striking the last sentence.
            (3) Section 6(b) of such Act (12 U.S.C. 635e(b)) is amended 
        by striking paragraph (2) and redesignating paragraph (3) as 
        paragraph (2).
            (4) Section 8 of such Act (12 U.S.C. 635g) is amended by 
        striking subsections (b) and (d) and redesignating subsections 
        (c) and (e) as subsections (b) and (c), respectively.
    (b) Federal Deposit Insurance Corporation.--Section 17 of the 
Federal Deposit Insurance Act (12 U.S.C. 1827) is amended by striking 
subsection (h).

            Passed the House of Representatives October 19, 1999.

            Attest:

                                                 JEFF TRANDAHL,

                                                                 Clerk.

Summary: Banking and Housing Agency Accountability Preservation Act - Makes a provision of the Federal Reports Elimination and Sunset Act of 1995 which terminates on December 31, 1999, all reporting requirements included on a list prepared by the Clerk of the House of Representatives for the first session of the 103rd Congress inapplicable to certain monetary policy, banking, and housing reporting requirements under specified Acts. Includes among the 42 exempted provisions requirements for the President's Economic Report, the annual report of the Council of Economic Advisers, and the semiannual Humphrey-Hawkins Report of the Federal Reserve. Amends the: (1) Export-Import Bank Act of 1945 to eliminate certain activity and fiscal authority reporting requirements of the Export-Import Bank. And (2) Federal Deposit Insurance Act to eliminate the requirement for a semiannual report on activities and efforts of the Federal Deposit Insurance Corporation.