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. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Federal Housing Fi-
nance Agency Inspector General Technical Corrections 
Act of 2009’’. 
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SEC. 2. INTERIM INSPECTOR GENERAL. 
(a) DESIGNATED FEDERAL ENTITY.—During the pe-
riod beginning on the date of the enactment of this Act 
and ending upon the date that an Inspector General of 
the Federal Housing Finance Agency is first appointed 
and confirmed pursuant to section 1317(d) of the Federal 
Housing Enterprises Financial Safety and Soundness Act 
of 1990 (12 U.S.C. 4517(d)), the Federal Housing Fi-
nance Agency shall be considered to be a designated Fed-
eral entity for purposes of section 8G of the Inspector 
General Act of 1978 (5 U.S.C. App.). 
(b) ESTABLISHMENT.—Notwithstanding the first 
sentence of subsection (b) of section 8G of the Inspector 
General Act of 1978, there is established upon the date 
of the enactment of this Act, and there shall be main-
tained, in the Federal Housing Finance Agency an Office 
of the Inspector General. 
(c) APPOINTMENT.— 
(1) REQUIREMENT; TIMING.—The Director of 
the Federal Housing Finance Agency shall appoint 
an Inspector General of the Federal Housing Fi-
nance Agency pursuant to subsection (a) of this sec-
tion and section 8G(c) of the Inspector General Act 
of 1978 as soon as possible after the date of the en-
actment of this Act, but not later than the expira-
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tion of the 30-day period beginning upon the date of 
the enactment of this Act. 
(2) CLARIFICATION; PAY.—Any provision of the 
Inspector General Act of 1978 and the Inspector 
General Reform Act of 2008 (Public Law 110–409) 
that is applicable to a designated Federal entity or 
the Inspector General of a designated Federal entity 
shall be applicable to the Federal Housing Finance 
Agency and the Inspector General of the Federal 
Housing Finance Agency appointed pursuant to this 
subsection, respectively, until the expiration of the 
period referred to in subsection (a) and the termi-
nation referred to subsection (e), except that such 
Inspector General shall be paid at the rate payable 
under section 5314 of title 5, United States Code, 
for level III of the Executive Schedule, plus 3 per-
cent, and employees and consultants of the Office of 
the Inspector General of the Federal Housing Fi-
nance Agency shall be paid pursuant to paragraphs 
(7) and (8) of section 6(a) of the Inspector General 
Act of 1978. 
(d) CONTINUED OVERSIGHT.—The Inspector General 
of the Federal Housing Finance Agency appointed in ac-
cordance with subsection (c) of this section shall make 
every effort to recover and continue any oversight, inves-
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tigations, and reviews initiated with respect to the Agency, 
or with respect to any programs or operations transferred 
to such Agency, by any prior Inspectors General respon-
sible for oversight of such Agency, or for oversight of any 
such transferred programs or operations, or by the staffs 
of such Inspectors General, including any oversight, inves-
tigations, and reviews initiated by the former Inspector 
General of the former Federal Housing Finance Board be-
fore or after the abolishment of such Board. 
(e) TERMINATION.—Immediately upon the expiration 
of the period referred to in subsection (a), the position 
of Inspector General of the Federal Housing Finance 
Agency established pursuant to this section, and the term 
of service of the individual serving in such position, shall 
terminate. 
Æ 
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