12 2 STA T . 2 786PUBLIC LA W 11 0– 28 9—J UL Y3 0 , 2008 (1)bystrik i ng s ec ti o ns 2Aa n d 2 B (12 U.S . C .1 4 22a , 1422b)
(2) in section 1 8 (12 U.S.C. 14 3 8), by striking s u bsection (b); (3) in section 11 (12 U.S.C. 1431) — (A) in subsection (b)— (i)int h e f irst sentence— ( I ) by striking ‘ ‘ T he Board ’ ’ and inserting ‘‘The O ffice of F inance, as agent for the Banks,’’; and (II) by striking ‘‘the Board’’ and inserting ‘‘such Office’’; and (ii) in the second and fourth sentences, by striking ‘‘the Board’’ each pl ace such ter m appears and inserting ‘‘the Office of Finance’’; (B) in subsection (c)— (i) by striking ‘‘the Board’’ the first place such term appears and inserting ‘‘the Office of Finance, as agent for the Banks,’’; and (ii) by striking ‘‘the Board’’ the second place such term appears and inserting ‘‘such Office’’; and (C) in subsection (f)— (i) by striking the 2 commas after ‘‘permit’’ and inserting ‘‘or’’; and (ii) by striking the comma after ‘‘re q uire’’; (4) in section 6 (12 U.S.C. 1426)— (A) in subsection (b)(1), in the matter preceding subparagraph (A), by striking ‘‘Finance Board appro v al’’ and inserting ‘‘approval by the D irector’’; and (B) in each of subsections (c)(4)(B) and (d)(2), by striking ‘‘Finance Board regulations’’ each place that term appears and inserting ‘‘regulations of the Director’’; ( 5 ) in section 1 0 (b) (12 U.S.C. 1430(b))— (A) in the subsection heading, by striking ‘‘F ORMAL BOAR DRES OL UTI O N ’’ and inserting ‘‘A P PRO V ALO F DIRE C TOR’’; and (B) by striking ‘‘by formal resolution’’; (6) in section 21(b)(5) (12 U.S.C. 1441(b)(5)), by striking ‘‘Chairperson of the Federal H ousing Finance Board’’ and inserting ‘‘Director’’; ( 7 ) in section 15 (12 U.S.C. 1435), by inserting ‘‘or the Director’’ after ‘‘the Board’’; (8) by striking ‘‘the Board’’ each place that term appears and inserting ‘‘the Director’’; ( 9 ) by striking ‘‘The Board’’ each place that term appears and inserting ‘‘The Director’’; (10) by striking ‘‘the Finance Board’’ each place that term appears and inserting ‘‘the Director’’; (11) by striking ‘‘The Finance Board’’ each place that term appears and inserting ‘‘The Director’’; and (12) by striking ‘‘Federal Housing Finance Board’’ each place that term appears and inserting ‘‘Director’’. SEC.1205 . HOU S ING GO AL S. The Federal Home L oan Bank Act (12 U.S.C. 1421 et seq.) is amended by inserting after section 10b the follo w ing new section
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‘SEC. 10C. HOUSING GOALS. ‘‘(a) IN G ENERAL.—The Director shall establish housing goals with respect to the purchase of mortgages, if any, by the Federal 12USC 1 430c. 12 USC 1430 etal. 12 USC 1422 et al. 12 USC 142 7 et al. 12 USC 1422 et al.
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