are not minorities, as evidenced in reports pursuant 
to the Home Mortgage Disclosure Act of 1975. 
‘‘(2) REPORT TO CONGRESS ON DISPARITIES.— 
Upon a finding by the Director that a pattern of dis-
parities in interest rates exists pursuant to the infor-
mation provided by an enterprise under paragraph 
(1), the Director shall— 
‘‘(A) forward to the Committee on Banking, 
Housing, and Urban Affairs of the Senate and 
the Committee on Financial Services of the 
House of Representatives a report detailing the 
disparities; and 
‘‘(B) forward the report prepared under 
subparagraph (A) to any other appropriate regu-
latory or enforcement agency. 
‘‘(3) IDENTITY
OF
INDIVIDUALS
NOT
DIS-
CLOSED.—In carrying out this subsection, the Direc-
tor shall ensure that no personally identifiable finan-
cial information that would enable an individual bor-
rower to be reasonably identified shall be made pub-
lic. 
‘‘(d) TIMING.—The Director shall establish an annual 
deadline for the establishment of housing goals described in 
subsection (a), taking into consideration the need for the 
enterprises to reasonably and sufficiently plan their oper-
ations and activities in advance, including operations and 
activities necessary to meet such goals. 
‘‘SEC. 1331A. DISCRETIONARY ADJUSTMENT OF HOUSING 
GOALS. 
‘‘(a) AUTHORITY.— 
‘‘(1) REVIEW.—The Director shall review the ap-
propriateness of each goal established pursuant to this 
subpart at least once during each year to assure that 
given current market conditions that each such goal 
is feasible. 
‘‘(2) PETITION TO REDUCE.—An enterprise may 
petition the Director in writing at any time during 
a year to reduce the level of any goal for such year 
established pursuant to this subpart. 
‘‘(b) STANDARD FOR REDUCTION.—The Director may 
reduce the level for a goal pursuant to such a petition only 
if— 
‘‘(1) market and economic conditions or the fi-
nancial condition of the enterprise require such ac-
tion; or 
‘‘(2) efforts to meet the goal would result in the 
constraint of liquidity, over-investment in certain 
market segments, or other consequences contrary to 
the intent of this subpart, section 301(3) of the Fed-
eral National Mortgage Association Charter Act (12
U.S.C. 1716(3)), or section 301(b)(3) of the Federal 
Home Loan Mortgage Corporation Act (12 U.S.C. 
1451 note), as applicable. 
‘‘(c) DETERMINATION.— 
‘‘(1) 30-DAY PERIOD.—If an enterprise submits a 
petition for reduction to the Director under subsection 
(a)(2), the Director shall make a determination re-
garding any proposed reduction within 30 days of re-
ceipt of the petition. 
‘‘(2) EXTENSION.—The Director may extend the 
period described in paragraph (1) for a single addi-
tional 15-day period, but only if the Director requests 
additional information from the enterprise. 
‘‘SEC. 1332. SINGLE-FAMILY HOUSING GOALS. 
‘‘(a) ESTABLISHMENT OF GOALS.— 
‘‘(1) IN GENERAL.—The Director shall establish 
annual goals for the purchase by each enterprise of 
conventional, conforming, single-family, owner-occu-
pied, purchase money mortgages financing housing 
for each of the following: 
‘‘(A) Low-income families. 
‘‘(B) Families that reside in low-income 
areas. 
‘‘(C) Very low-income families.