I 

111TH CONGRESS 

2D SESSION H. R. 4450 

To establish an interim Inspector General for the Federal Housing Finance 

Agency. 

IN THE HOUSE OF REPRESENTATIVES 

JANUARY 13, 2010 

Mr. MOORE of Kansas (for himself, Mrs. BIGGERT, Mr. TOWNS, and Mr. 

ISSA) introduced the following bill; which was referred to the Committee 

on Financial Services, and in addition to the Committee on Oversight and 

Government Reform, for a period to be subsequently determined by the 

Speaker, in each case for consideration of such provisions as fall within 

the jurisdiction of the committee concerned 

A BILL 

To establish an interim Inspector General for the Federal 

Housing Finance Agency. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Federal Housing Fi5 nance Agency Inspector General Technical Corrections 

6 Act of 2009’’. 


jbell on DSKDVH8Z91PROD with BILLS
2 

•HR 4450 IH

1 SEC. 2. INTERIM INSPECTOR GENERAL. 

2 (a) DESIGNATED FEDERAL ENTITY.—During the pe3 riod beginning on the date of the enactment of this Act 

4 and ending upon the date that an Inspector General of 

5 the Federal Housing Finance Agency is first appointed 

6 and confirmed pursuant to section 1317(d) of the Federal 

7 Housing Enterprises Financial Safety and Soundness Act 

8 of 1990 (12 U.S.C. 4517(d)), the Federal Housing Fi9 nance Agency shall be considered to be a designated Fed10 eral entity for purposes of section 8G of the Inspector 

11 General Act of 1978 (5 U.S.C. App.). 

12 (b) ESTABLISHMENT.—Notwithstanding the first 

13 sentence of subsection (b) of section 8G of the Inspector 

14 General Act of 1978, there is established upon the date 

15 of the enactment of this Act, and there shall be main16 tained, in the Federal Housing Finance Agency an Office 

17 of the Inspector General. 

18 (c) APPOINTMENT.— 

19 (1) REQUIREMENT; TIMING.—The Director of 

20 the Federal Housing Finance Agency shall appoint 

21 an Inspector General of the Federal Housing Fi22 nance Agency pursuant to subsection (a) of this sec23 tion and section 8G(c) of the Inspector General Act 

24 of 1978 as soon as possible after the date of the en25 actment of this Act, but not later than the expiraVerDate Nov 24 2008 02:29 Jan 14, 2010 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H4450.IH H4450

jbell on DSKDVH8Z91PROD with BILLS
3 

•HR 4450 IH

1 tion of the 30-day period beginning upon the date of 

2 the enactment of this Act. 

3 (2) CLARIFICATION; PAY.—Any provision of the 

4 Inspector General Act of 1978 and the Inspector 

5 General Reform Act of 2008 (Public Law 110–409) 

6 that is applicable to a designated Federal entity or 

7 the Inspector General of a designated Federal entity 

8 shall be applicable to the Federal Housing Finance 

9 Agency and the Inspector General of the Federal 

10 Housing Finance Agency appointed pursuant to this 

11 subsection, respectively, until the expiration of the 

12 period referred to in subsection (a) and the termi13 nation referred to subsection (e), except that such 

14 Inspector General shall be paid at the rate payable 

15 under section 5314 of title 5, United States Code, 

16 for level III of the Executive Schedule, plus 3 per17 cent, and employees and consultants of the Office of 

18 the Inspector General of the Federal Housing Fi19 nance Agency shall be paid pursuant to paragraphs 

20 (7) and (8) of section 6(a) of the Inspector General 

21 Act of 1978. 

22 (d) CONTINUED OVERSIGHT.—The Inspector General 

23 of the Federal Housing Finance Agency appointed in ac24 cordance with subsection (c) of this section shall make 

25 every effort to recover and continue any oversight, invesVerDate Nov 24 2008 02:29 Jan 14, 2010 Jkt 089200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H4450.IH H4450

jbell on DSKDVH8Z91PROD with BILLS
4 

•HR 4450 IH

1 tigations, and reviews initiated with respect to the Agency, 

2 or with respect to any programs or operations transferred 

3 to such Agency, by any prior Inspectors General respon4 sible for oversight of such Agency, or for oversight of any 

5 such transferred programs or operations, or by the staffs 

6 of such Inspectors General, including any oversight, inves7 tigations, and reviews initiated by the former Inspector 

8 General of the former Federal Housing Finance Board be9 fore or after the abolishment of such Board. 

10 (e) TERMINATION.—Immediately upon the expiration 

11 of the period referred to in subsection (a), the position 

12 of Inspector General of the Federal Housing Finance 

13 Agency established pursuant to this section, and the term 

14 of service of the individual serving in such position, shall 

15 terminate. 

Æ 


jbell on DSKDVH8Z91PROD with BILLS