82 STAT. J
PUBLIC LAW 90H48-AUG. 1, 1968
545
(g) Section '6 (b) of the Participation Sales Act of 1966 is amended »« sta^ le?. by striking out "secondary market operations carried on by the Fed- note.
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eral" and inserting in lieu thereof "the Government". (h) Section 1820(e) of title 38, United States Code, is amended by 78 Stat. soo. striking out "Federal National" in three places and inserting in lieu thereof, in each such place, "Government National". (i) Section 709 of title 18, United States Code, is amended by strik- es Stat. 609. ing out "Federal National Mortgage Association" each place it appears and inserting in lieu thereof, in each such place, "Government National Mortgage Association". (j) Section 5136 of the Revised Statutes is amended by inserting 12 USC 24. "or the Government National Mortgage Association" immediately following "Federal National Mortgage Association". (k) Section 11(h) of the Federal Home Ix)an Bank Act is amended 6o'*star622^^' by inserting "or the Government National Mortgage Association, in 12 USC 1431. the stock of the Federal National Mortgage Association" immediately following "Federal National Mortgage Association". (1) Section 16 of the Federal Home Tx>an Bank Act is amended by inserting "or the Government National Mortgage Association" immediately following "Federal National Mortgage Association". (m) Section 5(c) of the Home Owners' I ^ a n Act of 1933 is amended "^^ ^ta^ 132. by inserting "or the Government National Mortgage Association," immediately following "Federal National Mortgage Association" and by inserting "or the stock of the Federal National Mortgage Association" immediately after "any other agency of the United States". (n) Section 8(8)(E) of the Federal Credit Union Act is amended g/gtaj^n""' by inserting "or the Government National Mortgage Association" 12 USC 1757. immediately following "Federal National Mortgage Association". EFFECTIVE DATE
SEC. 808. The amendments made by this title shall be effective from and after a date, no more than one hundred and twenty days following the date of enactment of this Act, as established by the Secretary of Housing and Urban Development. Notice of the establishment of such effective date shall be published in the Federal Register at least thirty days prior thereto.
P u b l i c a t i o n in Federal Register.
SAVINGS PROVISIONS
SEC. 809. (a) No cause of action by or against the Federal National Mortgage Association existing prior to the effective date established pursuant to section 808 shall abate by reason of the enactment of this title. Any such cause of action may thereafter be asserted by or against the appropriate corporate body named in section 302(a)(2) of the National Housing Act. (b) No suit, action, or other proceeding commenced by or against the Federal National Mortgage Association, or any officer thereof in his official capacity, prior to the effective date established pursuant to section 808 shall abate by reason of the enactment of this title. A court may at any time thereafter during the pendency of any such litigation, on its own motion or that of any party, order that the litigation may be maintained by or against the appropriate corporate body named in section 302(a)(2) of the National Housing Act or the appropriate corresponding officer thereof. TRANSITIONAL
PROVISIONS
SEC. 810. (a) On the effective date established pursuant to section 808 of this Act, each share of outstanding nonvoting common stock, with a par value of $100 per share, of the Federal National Mortgage
^"'e- p- 536.
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