agreement, 
share 
purchase 
agreement, 
or
through a contract entered into in consideration
for the provision of assistance.
(B) Such agreement or contract shall re-
quire institutions assisted under this Act to
comply with performance goals. The perform-
ance goals shall be negotiated between the
Board and each qualified community develop-
ment financial institution receiving assistance
based upon the strategic plan submitted pursu-
ant to section 5(b)(5) of this Act. The perform-
ance goals may be renegotiated jointly as nec-
essary or appropriate, subject to subparagraph
(C) of this section. Activity levels for insured
community development financial institutions
should be determined by the Board in consulta-
tion with the appropriate Federal banking agen-
cy or, in the case of an insured credit union,
with the National Credit Union Administration.
(C) The agreement or contract shall speci-
fy sanctions available to the Board, in its dis-
cretion, in the event of noncompliance with the
purposes of this Act or the terms of the agree-
ment. The sanctions may include revocation of
approval of the application, terminating or re-
ducing future assistance, requiring repayment
of assistance, and requiring changes to the per-
formance goals imposed pursuant to subpara-
graph (B) or to the strategic plan submitted
pursuant to section 5(b)(5) of this Act. In the
case of an insured community development fi-
nancial institution, the Board shall consult with
the appropriate Federal banking agency or, in
the case of an insured credit union, the Na-
tional Credit Union Administration, before im-
posing sanctions pursuant to this paragraph.
(4) REVIEW.—At least annually, the Board
shall review the performance of each assisted quali-
fied community development financial institution in
carrying out its strategic plan and performance
goals.
(5) REPORTING.—The Board shall require each
qualified community development financial institu-
tion receiving assistance to submit an annual report
to the Fund on its activities, its financial condition,
its success in meeting performance goals, and its
compliance with other requirements of this Act.
(g) AUTHORITY TO SELL EQUITY INVESTMENTS AND
LOANS.—The Board shall have the authority at any time
to sell its investments and loans and may, in its discretion,
retain the power to enforce limitations on assistance en-
tered into in accordance with the requirements of this Act.
(h) NO AUTHORITY TO LIMIT SUPERVISION AND
REGULATION.—Nothing in this Act shall affect any au-
thority of the appropriate Federal banking agency or, in
the case of an insured credit union, the National Credit
Union Administration, to supervise and regulate an in-
sured community development financial institution.
SEC. 8. ENCOURAGEMENT OF PRIVATE ENTITIES.
The Board may cause to be incorporated, or encour-
age the incorporation of, private non-profit and for-profit
entities that will complement the activities of the Fund
in carrying out the purposes of this Act. The purposes
of any such entities shall be limited to investing in and
assisting community development financial institutions in
a manner similar to the activities of the Fund under this
Act. Any such entities shall be managed exclusively by pri-
vate individuals who are selected in accordance with the
laws of the jurisdiction of incorporation.
SEC. 9. CLEARINGHOUSE FUNCTION.
The Fund shall establish and maintain an informa-
tion clearinghouse in coordination with the Departments
of Agriculture, Commerce, and Housing and Urban Devel-
opment, the Small Business Administration, other Federal