gaging in any conduct or activity by an enterprise, 
as the Director shall provide.’’. 
SEC. 123. CONFORMING LOAN LIMITS. 
(a) FANNIE MAE.—Section 302(b)(2) of the Federal 
National Mortgage Association Charter Act (12 U.S.C. 
1717(b)(2)) is amended by striking the 7th and 8th sen-
tences and inserting the following new sentences: ‘‘Such 
limitations shall not exceed $359,650 for a mortgage se-
cured by a single-family residence, $460,400 for a mort-
gage secured by a 2-family residence, $556,500 for a 
mortgage secured by a 3-family residence, and $694,600 
for a mortgage secured by a 4-family residence, except 
that such maximum limitations shall be adjusted effective 
January 1 of each year beginning with 2006, subject to 
the limitations in this paragraph. Each adjustment shall 
be made by adding to or subtracting from each such 
amount (as it may have been previously adjusted) a per-
centage thereof equal to the percentage increase or de-
crease during the 12-month period ending with the pre-
vious October in the housing price index maintained by 
the Director of the Federal Housing Finance Agency (pur-
suant to section 1322 of the Housing and Community De-
velopment Act of 1992 (12 U.S.C. 4541)).’’. 
(b) FREDDIE MAC.—Section 305(a)(2) of the Fed-
eral National Mortgage Association Charter Act (12
U.S.C. 1454(a)(2)) is amended by striking the 6th and 
7th sentences and inserting the following new sentences: 
‘‘Such limitations shall not exceed $359,650 for a mort-
gage secured by a single-family residence, $460,400 for 
a mortgage secured by a 2-family residence, $556,500 for 
a mortgage secured by a 3-family residence, and $694,600 
for a mortgage secured by a 4-family residence, except 
that such maximum limitations shall be adjusted effective 
January 1 of each year beginning with 2006, subject to 
the limitations in this paragraph. Each adjustment shall 
be made by adding to or subtracting from each such 
amount (as it may have been previously adjusted) a per-
centage thereof equal to the percentage increase or de-
crease during the 12-month period ending with the pre-
vious October in the housing price index maintained by 
the Director of the Federal Housing Finance Agency (pur-
suant to section 1322 of the Housing and Community De-
velopment Act of 1992 (12 U.S.C. 4541)).’’. 
(c) HOUSING PRICE INDEX.—Subpart A of part 2 of 
subtitle A of title XIII of the Housing and Community 
Development Act of 1992 (as amended by the preceding 
provisions of this Act) is amended by inserting after sec-
tion 1321 (as added by section 122 of this Act) the fol-
lowing new section:
‘‘SEC. 1322. HOUSING PRICE INDEX. 
‘‘(a) IN GENERAL.—The Director shall establish and 
maintain a method of assessing the national average 1- 
family house price for use for adjusting the conforming 
loan limitations of the enterprises. In establishing such 
method, the Director shall take into consideration the 
monthly survey of all major lenders conducted by the Fed-
eral Housing Finance Agency to determine the national 
average 1-family house price, the House Price Index main-
tained by the Office of Federal Housing Enterprise Over-
sight of the Department of Housing and Urban Develop-
ment before the effective date of the Federal Housing Fi-
nance Reform Act of 2005, any appropriate house price 
indexes of the Bureau of the Census of the Department 
of Commerce, and any other indexes or measures that the 
Director considers appropriate. 
‘‘(b) GAO AUDIT.— 
‘‘(1) IN GENERAL.—At such times as are re-
quired under paragraph (2), the Comptroller Gen-
eral of the United States shall conduct an audit of 
the methodology established by the Director under 
subsection (a) to determine whether the methodology 
established is an accurate and appropriate means of 
measuring changes to the national average 1-family 
house price.
‘‘(2) TIMING.—An audit referred to in para-
graph (1) shall be conducted and completed not later 
than the expiration of the 180-day period that be-
gins upon each of the following dates: 
‘‘(A) ESTABLISHMENT.—The date upon 
which such methodology is initially established 
under subsection (a) in final form by the Direc-
tor. 
‘‘(B) MODIFICATION
OR
AMENDMENT.— 
Each date upon which any modification or 
amendment to such methodology is adopted in 
final form by the Director. 
‘‘(3) REPORT.—Within 30 days of the comple-
tion of any audit conducted under this subsection, 
the Comptroller General shall submit a report detail-
ing the results and conclusions of the audit to the 
Director, the Committee on Financial Services of the 
House of Representatives, and the Committee on 
Banking, Housing, and Urban Affairs of the Sen-
ate.’’. 
SEC. 124. ANNUAL HOUSING REPORT REGARDING REGU-
LATED ENTITIES. 
The Housing and Community Development Act of 
1992 is amended by striking section 1324 (12 U.S.C. 
4544) and inserting the following new section:
‘‘SEC. 1324. ANNUAL HOUSING REPORT REGARDING REGU-
LATED ENTITIES. 
‘‘(a) IN GENERAL.—After reviewing and analyzing 
the reports submitted under section 309(n) of the Federal 
National Mortgage Association Charter Act, section 
307(f) of the Federal Home Loan Mortgage Corporation 
Act, and section 10(j)(12) of the Federal Home Loan 
Bank Act (12 U.S.C. 1430(j)(12)), the Director shall sub-
mit a report, as part of the annual report under section 
1328, not later than October 30 of each year, to the Com-
mittee on Financial Services of the House of Representa-
tives and the Committee on Banking, Housing, and Urban 
Affairs of the Senate, on the activities of each regulated 
entity. 
‘‘(b) CONTENTS.—The report shall— 
‘‘(1) discuss the extent to which— 
‘‘(A) each enterprise is achieving the an-
nual housing goals established under subpart B 
of this part; 
‘‘(B) each Federal home loan bank is 
meeting the contribution requirements under 
section 10(j)(5) of the Federal Home Loan 
Bank Act; and 
‘‘(C) each regulated entity is achieving the 
purposes of the regulated entity established by 
law;
‘‘(2) aggregate and analyze census tract and 
other relevant data to assess the compliance of each 
enterprise with the central cities, rural areas, and 
other underserved areas housing goal and to deter-
mine levels of business in central cities, rural areas, 
underserved areas, low- and moderate-income census 
tracts, minority census tracts, and other geo-
graphical areas deemed appropriate by the Director; 
‘‘(3) aggregate and analyze relevant data on in-
come to assess the compliance of each enterprise 
with the housing goals under subpart B; 
‘‘(4) aggregate and analyze data on income, 
race, and gender by census tract and other relevant 
classifications, and compare such data with larger 
demographic, housing, and economic trends; 
‘‘(5) examine actions that— 
‘‘(A) each enterprise has undertaken or 
could undertake to promote and expand the an-
nual goals established under subpart B and the 
purposes of the enterprise established by law; 
and 
‘‘(B) each Federal home loan bank has 
taken or could undertake to promote and ex-
pand the community investment program and 
affordable housing program of the bank estab-
lished under section subsections (i) and (j) of 
section 10 of the Federal Home Loan Bank 
Act; 
‘‘(6) examine the primary and secondary multi-
family housing mortgage markets and describe— 
‘‘(A) the availability and liquidity of mort-
gage credit; 
‘‘(B) the status of efforts to provide stand-
ard credit terms and underwriting guidelines 
for multifamily housing and to securitize such 
mortgage products; and 
‘‘(C) any factors inhibiting such standard-
ization and securitization; 
‘‘(7) examine actions each regulated entity has 
undertaken and could undertake to promote and ex-
pand opportunities for first-time homebuyers; 
‘‘(8) describe any actions taken under section 
1325(5) with respect to originators found to violate 
fair lending procedures; and 
‘‘(9) discuss and analyze existing conditions and 
trends, including conditions and trends relating to 
pricing, in the housing markets and mortgage mar-
kets. 
‘‘(c) DATA COLLECTION AND REPORTING.—
‘‘(1) IN GENERAL.—To assist the Director in 
analyzing the matters described in subsection (b) 
and establishing the methodology described in sec-
tion 1322, the Director shall conduct, on a monthly 
basis, a survey of mortgage markets in accordance 
with this subsection. 
‘‘(2) DATA POINTS.—Each monthly survey con-
ducted by the Director under paragraph (1) shall 
collect data on— 
‘‘(A) the characteristics of individual mort-
gages that are eligible for purchase by the en-
terprises and the characteristics of individual 
mortgages that are not eligible for purchase by 
the enterprises including, in both cases, infor-
mation concerning— 
‘‘(i) the price of the house that se-
cures the mortgage; 
‘‘(ii) the loan-to-value ratio of the 
mortgage, which shall reflect any sec-
ondary liens on the relevant property; 
‘‘(iii) the terms of the mortgage; 
‘‘(iv) the creditworthiness of the bor-
rower or borrowers; and
‘‘(v) whether the mortgage, in the 
case of a conforming mortgage, was pur-
chased by an enterprise; and 
‘‘(B) such other matters as the Director 
determines to be appropriate. 
‘‘(3) PUBLIC
AVAILABILITY.—The Director 
shall make any data collected by the Director in con-
nection with the conduct of a monthly survey avail-
able to the public in a timely manner, provided that 
the Director may modify the data released to the 
public to ensure that the data is not released in an 
identifiable form. 
‘‘(4) DEFINITION.—For purposes of this sub-
section, the term ‘identifiable form’ means any rep-
resentation of information that permits the identity 
of a borrower to which the information relates to be 
reasonably inferred by either direct or indirect 
means.’’. 
SEC. 125. ESTABLISHMENT OF HOUSING GOALS. 
Section 1331 of the Housing and Community Devel-
opment Act of 1992 (12 U.S.C. 4561) is amended by 
striking subsection (a) and inserting the following new 
subsection: 
‘‘(a) IN GENERAL.—The Director shall establish, by 
regulation, housing goals under this subpart for each en-
terprise. The housing goals shall include a low- and mod-
erate-income housing goal pursuant to section 1332, a 
special affordable housing goal pursuant to section 1333, 
a central cities, rural areas, and other underserved areas 
housing goal pursuant to section 1334, a home purchase 
goal under section 1334A, and such other goals as the 
Director may establish under section 1334B. The Director 
shall implement this subpart in a manner consistent with 
section 301(3) of the Federal National Mortgage Associa-
tion Charter Act and section 301(b)(3) of the Federal 
Home Loan Mortgage Corporation Act.’’. 
SEC. 126. HOME PURCHASE GOAL AND ADDITIONS, MODI-
FICATIONS, AND RESCISSIONS TO GOALS. 
The Housing and Community Development Act of 
1992 is amended by inserting after section 1334 (12 
U.S.C. 4564) the following new sections: 
‘‘SEC. 1334A. HOME PURCHASE GOAL. 
‘‘(a) IN GENERAL.—The Director shall establish an 
annual home purchase goal for the purchase by each en-
terprise of mortgages financing the purchase of owner-oc-
cupied single family dwelling units. The Director may, by 
regulation, establish components for such goal to include 
any or all of the following: first-time homebuyers; low- and 
moderate-income homebuyers; homebuyers in central cit-
ies, rural areas, and other underserved areas; and home-
buyers of special affordable housing. The Director may, 
by regulation, establish the goal with components as per-
centages of enterprise business or by such other means 
as necessary to increase the enterprises’ secondary market 
financing of mortgages for home purchases consistent with 
the enterprises’ charter missions. The components of the 
goal established by the Director shall be enforceable as 
goals. The goal under this section with its components 
must be established for metropolitan and rural areas for 
which data is available. 
‘‘(b) FACTORS TO BE APPLIED.—In establishing the 
home purchase goal under this section for an enterprise, 
the Director shall consider— 
‘‘(1) national housing needs; 
‘‘(2) economic, housing, and demographic condi-
tions; 
‘‘(3) the performance and effort of the enter-
prises toward achieving the home purchase goal in 
previous years; 
‘‘(4) the size of the conventional mortgage mar-
ket serving home purchasers relative to the size of 
the overall conventional mortgage market; 
‘‘(5) the ability of the enterprises to lead the in-
dustry in making mortgage credit available for home 
purchasers; and
‘‘(6) the need to maintain the sound financial 
condition of the enterprises. 
‘‘(c) TRANSITION.—In order to permit a transition 
to the goal established under this section, the Director 
shall phase in the goal over a period of one year. Such 
goal shall not be enforceable during the one-year transi-
tion period. 
‘‘(d) IMPLEMENTATION DURING TRANSITION.—The 
Director shall establish any requirements necessary to im-
plement the transition provisions under this section by no-
tice, after providing the enterprises with an opportunity 
to review and comment not less than 30 days before the 
issuance of such notice. 
‘‘SEC. 1334B. HOUSING GOALS: ADDITIONS, MODIFICATIONS, 
AND RESCISSIONS. 
‘‘(a) IN GENERAL.—The Director may, by regulation, 
establish additional annual housing goals, or modify or re-
scind existing housing goals, to address national housing 
needs consistent with the enterprises’ charters for the pur-
chase of mortgages where the Director determines by reg-
ulation that the housing need is greatest. The Director 
may issue a regulation which establishes or modifies any 
goal under this subsection— 
‘‘(1) as a percentage of the mortgage purchases 
of each enterprise;
‘‘(2) as a dollar amount of each enterprise’s 
mortgage purchases; or 
‘‘(3) by such other means as necessary to in-
crease the enterprises’ secondary market financing 
of mortgages addressed by the goal. 
‘‘(b) FACTORS
TO BE APPLIED.—In establishing, 
modifying, or rescinding a goal, the Director shall con-
sider— 
‘‘(1) national housing needs; 
‘‘(2) economic, housing, and demographic condi-
tions; 
‘‘(3) the performance and effort of the enter-
prises toward achieving the need addressed by such 
goal in previous years; 
‘‘(4) the size of the conventional mortgage mar-
ket serving the need addressed by the goal relative 
to the size of the overall conventional mortgage mar-
ket; 
‘‘(5) the ability of the enterprises to lead the in-
dustry in making mortgage credit available to meet 
the need addressed by the goal; and 
‘‘(6) the need to maintain the sound financial 
condition of the enterprises. 
‘‘(c) TIMING.—The Director may exercise the author-
ity under this section to issue regulations to establish,
modify, or rescind housing goals not more than once per 
calendar year. Such regulations for a calendar year may 
establish, or make modifications or rescissions with re-
spect to, more than one annual housing goal, but all such 
regulations for a calendar year shall be issued concur-
rently. 
‘‘(d) TRANSITION.—In order to permit a transition 
to any goal established under this section, the Director 
shall phase in such goal over a period of one year. Such 
goal shall not be enforceable during the one-year transi-
tion period. 
‘‘(e) IMPLEMENTATION DURING TRANSITION.—The 
Director shall establish any requirements necessary to im-
plement the transition provisions under this section by no-
tice, after providing the enterprises with an opportunity 
to review and comment not less than 30 days before the 
issuance of such notice.’’. 
SEC. 127. OTHER REQUIREMENTS. 
The first sentence of section 1335(a) of the Housing 
and Community Development Act of 1992 (12 U.S.C. 
4565(a)) is amended by striking ‘‘low-’’ and all that fol-
lows through ‘‘1334’’ and inserting ‘‘goals under this sub-
part’’.
SEC. 128. MONITORING AND ENFORCING COMPLIANCE 
WITH HOUSING GOALS. 
Section 1336 of the Housing and Community Devel-
opment Act of 1992 (12 U.S.C. 4566) is amended— 
(1) in subsection (a)(1), by striking ‘‘estab-
lished’’ and all that follows through ‘‘1334’’ and in-
serting ‘‘under this subpart’’; 
(2) in subsection (b)— 
(A) in the subsection heading, by inserting 
‘‘PRELIMINARY’’ before ‘‘DETERMINATION’’; 
(B) by striking paragraph (1) and insert-
ing the following new paragraph: 
‘‘(1) NOTICE.—If the Director preliminarily de-
termines that an enterprise has failed, or that there 
is a substantial probability that an enterprise will 
fail, to meet any housing goal under this subpart, 
the Director shall provide written notice to the en-
terprise of such a preliminary determination, the 
reasons for such determination, and the information 
on which the Director based the determination.’’; 
(C) in paragraph (2)— 
(i) in subparagraph (A), by inserting 
‘‘finally’’ before ‘‘determining’’; 
(ii) by striking subparagraphs (B) and 
(C) and inserting the following new sub-
paragraph:
‘‘(B) EXTENSION OR SHORTENING OF PE-
RIOD.—The Director may— 
‘‘(i) extend the period under subpara-
graph (A) for good cause for not more 
than 30 additional days; and 
‘‘(ii) shorten the period under sub-
paragraph (A) for good cause.’’; and 
(iii) by redesignating subparagraph 
(D) as subparagraph (C); and 
(D) in paragraph (3)— 
(i) in subparagraph (A), by striking 
‘‘determine’’ and inserting ‘‘issue a final 
determination of’’; 
(ii) in subparagraph (B), by inserting 
‘‘final’’ before ‘‘determinations’’; and 
(iii) in subparagraph (C)— 
(I) by striking ‘‘Committee on 
Banking, Finance and Urban Affairs’’ 
and inserting ‘‘Committee on Finan-
cial Services’’; and 
(II) by inserting ‘‘final’’ before 
‘‘determination’’ each place such term 
appears; and 
(3) in subsection (c)—
(A) by striking the subsection designation 
and heading and all that follows through the 
end of paragraph (1) and inserting the fol-
lowing: 
‘‘(c) CEASE
AND DESIST ORDERS, CIVIL MONEY 
PENALTIES, 
AND
REMEDIES
INCLUDING
HOUSING 
PLANS.— 
‘‘(1) REQUIREMENT.—If the Director finds, 
pursuant to subsection (b), that there is a substan-
tial probability that an enterprise will fail, or has ac-
tually failed, to meet any housing goal under this 
subpart and that the achievement of the housing 
goal was or is feasible, the Director may require that 
the enterprise submit a housing plan under this sub-
section. If the Director makes such a finding and 
the enterprise refuses to submit such a plan, sub-
mits an unacceptable plan, fails to comply with the 
plan or the Director finds that the enterprise has 
failed to meet any housing goal under this subpart, 
in addition to requiring an enterprise to submit a 
housing plan, the Director may issue a cease and de-
sist order in accordance with section 1341, impose 
civil money penalties in accordance with section 
1345, or order other remedies as set forth in para-
graph (7) of this subsection.’’;
(B) in paragraph (2)— 
(i) by striking ‘‘CONTENTS.—Each 
housing plan’’ and inserting ‘‘HOUSING 
PLAN.—If the Director requires a housing 
plan under this section, such a plan’’; and 
(ii) in subparagraph (B), by inserting 
‘‘and changes in its operations’’ after ‘‘im-
provements’’; 
(C) in paragraph (3)— 
(i) by inserting ‘‘comply with any re-
medial action or’’ before ‘‘submit a housing 
plan’’; and 
(ii) by striking ‘‘under subsection 
(b)(3) that a housing plan is required’’; 
(D) in paragraph (4), by striking the first 
two sentences and inserting the following: ‘‘The 
Director shall review each submission by an en-
terprise, including a housing plan submitted 
under this subsection, and not later than 30 
days after submission, approve or disapprove 
the plan or other action. The Director may ex-
tend the period for approval or disapproval for 
a single additional 30-day period if the Director 
determines such extension necessary.’’; and
(E) by adding at the end the following new 
paragraph: 
‘‘(7) ADDITIONAL REMEDIES FOR FAILURE TO 
MEET GOALS.—In addition to ordering a housing 
plan under this section, issuing cease and desist or-
ders under section 1341, and ordering civil money 
penalties under section 1345, the Director may seek 
other actions when an enterprise fails to meet a 
goal, and exercise appropriate enforcement authority 
available to the Director under this Act to prohibit 
the enterprise from entering into new programs and 
new business activities and to order the enterprise to 
suspend programs and business activities pending its 
achievement of the goal.’’. 
SEC. 129. ENFORCEMENT. 
(a) 
CEASE-AND-DESIST
PROCEEDINGS.—Section 
1341 of the Housing and Community Development Act 
of 1992 (12 U.S.C. 4581) is amended— 
(1) by striking subsection (a) and inserting the 
following new subsection: 
‘‘(a) GROUNDS FOR ISSUANCE.—The Director may 
issue and serve a notice of charges under this section upon 
an enterprise if the Director determines— 
‘‘(1) the enterprise has failed to meet any hous-
ing goal established under subpart B, following a
written notice and determination of such failure in 
accordance with section 1336; 
‘‘(2) the enterprise has failed to submit a report 
under section 1314, following a notice of such fail-
ure, an opportunity for comment by the enterprise, 
and a final determination by the Director; 
‘‘(3) the enterprise has failed to submit the in-
formation required under subsection (m) or (n) of 
section 309 of the Federal National Mortgage Asso-
ciation Charter Act, or subsection (e) or (f) of sec-
tion 307 of the Federal Home Loan Mortgage Cor-
poration Act; 
‘‘(4) the enterprise has violated any provision of 
this part or any order, rule or regulation under this 
part; 
‘‘(5) the enterprise has failed to submit a hous-
ing plan that complies with section 1336(c) within 
the applicable period; or 
‘‘(6) the enterprise has failed to comply with a 
housing plan under section 1336(c).’’; 
(2) in subsection (b)(2), by striking ‘‘requiring 
the enterprise to’’ and all that follows through the 
end of the paragraph and inserting the following: 
‘‘requiring the enterprise to— 
‘‘(A) comply with the goal or goals;
‘‘(B) submit a report under section 1314; 
‘‘(C) comply with any provision this part 
or any order, rule or regulation under such 
part; 
‘‘(D) submit a housing plan in compliance 
with section 1336(c); 
‘‘(E) comply with a housing plan submitted 
under section 1336(c); or 
‘‘(F) provide the information required 
under subsection (m) or (n) of section 309 of 
the Federal National Mortgage Association 
Charter Act or subsection (e) or (f) of section 
307 of the Federal Home Loan Mortgage Cor-
poration Act, as applicable.’’; 
(3) in subsection (c), by inserting ‘‘date of the’’ 
before ‘‘service of the order’’; and 
(4) by striking subsection (d). 
(b) AUTHORITY OF DIRECTOR TO ENFORCE NOTICES 
AND ORDERS.—Section 1344 of the Housing and Commu-
nity Development Act of 1992 (12 U.S.C. 4584) is amend-
ed by striking subsection (a) and inserting the following 
new subsection: 
‘‘(a) ENFORCEMENT.—The Director may, in the dis-
cretion of the Director, apply to the United States District 
Court for the District of Columbia, or the United States
district court within the jurisdiction of which the head-
quarters of the enterprise is located, for the enforcement 
of any effective and outstanding notice or order issued 
under section 1341 or 1345, or request that the Attorney 
General of the United States bring such an action. Such 
court shall have jurisdiction and power to order and re-
quire compliance with such notice or order.’’. 
(c) CIVIL MONEY PENALTIES.—Section 1345 of the 
Housing and Community Development Act of 1992 (12 
U.S.C. 4585) is amended— 
(1) by striking subsections (a) and (b) and in-
serting the following new subsections: 
‘‘(a) AUTHORITY.—The Director may impose a civil 
money penalty, in accordance with the provisions of this 
section, on any enterprise that has failed to— 
‘‘(1) meet any housing goal established under 
subpart B, following a written notice and determina-
tion of such failure in accordance with section 
1336(b); 
‘‘(2) submit a report under section 1314, fol-
lowing a notice of such failure, an opportunity for 
comment by the enterprise, and a final determina-
tion by the Director; 
‘‘(3) submit the information required under 
subsection (m) or (n) of section 309 of the Federal
National Mortgage Association Charter Act, or sub-
section (e) or (f) of section 307 of the Federal Home 
Loan Mortgage Corporation Act; 
‘‘(4) comply with any provision of this part or 
any order, rule or regulation under this part; 
‘‘(5) submit a housing plan pursuant to section 
1336(c) within the required period; or 
‘‘(6) comply with a housing plan for the enter-
prise under section 1336(c). 
‘‘(b) AMOUNT OF PENALTY.—The amount of the 
penalty, as determined by the Director, may not exceed— 
‘‘(1) for any failure described in paragraph (1), 
(5), or (6) of subsection (a), $50,000 for each day 
that the failure occurs; and 
‘‘(2) for any failure described in paragraph (2), 
(3), or (4) of subsection (a), $20,000 for each day 
that the failure occurs.’’; 
(2) in subsection (c)— 
(A) in paragraph (1)— 
(i) in subparagraph (A), by inserting 
‘‘and’’ after the semicolon at the end; 
(ii) in subparagraph (B), by striking 
‘‘; and’’ and inserting a period; and 
(iii) by striking subparagraph (C); 
and
(B) in paragraph (2), by inserting after 
the period at the end the following: ‘‘In deter-
mining the penalty under subsection (a)(1), the 
Director shall give consideration to the length 
of time the enterprise should reasonably take to 
achieve the goal.’’; 
(3) in the first sentence of subsection (d)— 
(A) by striking ‘‘request the Attorney Gen-
eral of the United States to’’ and inserting ‘‘, 
in the discretion of the Director,’’; and 
(B) by inserting ‘‘, or request that the At-
torney General of the United States bring such 
an action’’ before the period at the end; 
(4) by striking subsection (f); and 
(5) by redesignating subsection (g) as sub-
section (f). 
(d) CONFORMING AMENDMENT.—The heading for 
subpart C of part 2 of subtitle A of the Housing and Com-
munity Development Act of 1992 is amended to read as 
follows: 
‘‘Subpart C—Enforcement’’. 
SEC. 130. CONFORMING AMENDMENTS. 
Part 2 of subtitle A of title XIII of the Housing and 
Community Development Act of 1992 (12 U.S.C. 4541 et 
seq.) is amended—
(1) by striking ‘‘Secretary’’ each place such 
term appears in such part and inserting ‘‘Director’’; 
(2) in the section heading for section 1323 (12 
U.S.C. 4543), by inserting ‘‘OF ENTERPRISES’’ be-
fore the period at the end; 
(3) in section 1326 (12 U.S.C. 4546)— 
(A) in subsection (a)— 
(i) by striking ‘‘or’’ the last place it 
appears; and 
(ii) 
by 
inserting 
‘‘, 
or 
section 
10(j)(12) of the Federal Home Loan Bank 
Act (12 U.S.C. 1441a)’’ before the period 
at the end; and 
(B) in subsection (b)— 
(i) by striking ‘‘or’’ the last place it 
appears and inserting a comma; and 
(ii) 
by 
inserting 
‘‘, 
or 
section 
10(j)(12) of the Federal Home Loan Bank 
Act (12 U.S.C. 1441a’’ before the period 
at the end; 
(4) by striking section 1327 (12 U.S.C. 4547); 
(5) by striking section 1328 (12 U.S.C. 4548); 
(6) in section 1332 (12 U.S.C. 4562), by strik-
ing subsection (d);