[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3046 Introduced in House (IH)]







106th CONGRESS
  1st Session
                                H. R. 3046

 To preserve limited Federal agency reporting requirements on banking 
 and housing matters to facilitate congressional oversight and public 
                accountability, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 7, 1999

   Mr. Leach (for himself, Mr. LaFalce, Mrs. Roukema, and Mr. Vento) 
 introduced the following bill; which was referred to the Committee on 
                     Banking and Financial Services

_______________________________________________________________________

                                 A BILL


 
 To preserve limited Federal agency reporting requirements on banking 
 and housing matters to facilitate congressional oversight and public 
                accountability, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Banking and Housing Agency 
Accountability Preservation Act''.

SEC. 2. PRESERVATION OF CERTAIN REPORTING REQUIREMENTS.

    Section 3003(a)(1) of the Federal Reports Elimination and Sunset 
Act of 1995 (31 U.S.C. 1113 note) shall not apply to any report 
required to be submitted under any of the following provisions of law:
            (1) Section 3 of the Employment Act of 1946 (15 U.S.C. 
        1022).
            (2) Section 309 of the Defense Production Act of 1950 (50 
        U.S.C. App. 2099).
            (3) Section 603 of the Public Works and Economic 
        Development Act of 1965 (42 U.S.C. 3213).
            (4) Section 7(o)(1) of the Department of Housing and Urban 
        Development Act (42 U.S.C. 3535(o)(1)).
            (5) Section 540(c) of the National Housing Act (12 U.S.C. 
        1735f-18(c)).
            (6) Paragraphs (2) and (6) of section 808(e) of the Civil 
        Rights Act of 1968 (42 U.S.C. 3608(e)).
            (7) Section 1061 of the Housing and Community Development 
        Act of 1992 (42 U.S.C. 4856).
            (8) Section 24(l) of the United States Housing Act of 1937 
        (42 U.S.C. 1437v(l)).
            (9) Section 203(v) of the National Housing Act (12 U.S.C. 
        1709(v)), as added by section 504 of the Housing and Community 
        Development Act of 1992 (Public Law 102-550; 106 Stat. 3780).
            (10) Section 232(j) of the National Housing Act (12 U.S.C. 
        1715w(j)).
            (11) Section 802 of the Housing Act of 1954 (12 U.S.C. 
        1701o) and section 8 of the Department of Housing and Urban 
        Development Act (42 U.S.C. 3536).
            (12) Section 1320 of the National Flood Insurance Act of 
        1968 (42 U.S.C. 4027).
            (13) Section 113(a) of the Housing and Community 
        Development Act of 1974 (42 U.S.C. 5313(a)).
            (14) Section 626 of the National Manufactured Housing 
        Construction and Safety Standards Act of 1974 (42 U.S.C. 5425).
            (15) Section 4(e)(2) of the Department of Housing and Urban 
        Development Act (42 U.S.C. 3533(e)(2)).
            (16) Section 205(g) of the National Housing Act (12 U.S.C. 
        1711(g)).
            (17) Section 2546 of the Comprehensive Thrift and Bank 
        Fraud Prosecution and Taxpayer Recovery Act of 1990 (28 U.S.C. 
        522 nt.).
            (18) Section 701(c)(1) of the International Financial 
        Institutions Act (22 U.S.C. 262d(c)(1)).
            (19) Paragraphs (1) and (2) of sections 5302(c) of title 
        31, United States Code.
            (20) Section 18(f)(7) of the Federal Trade Commission Act 
        (15 U.S.C. 57a(f)(7)).
            (21) Section 333 of the Revised Statutes of the United 
        States (12 U.S.C. 14).
            (22) Section 3(g) of the Home Owners' Loan Act (12 U.S.C. 
        1462a(g)).
            (23) Section 537(h)(2) of the Foreign Operations, Export 
        Financing, and Related Programs Appropriations Act, 1988 (22 
        U.S.C. 262l(h)(2)).
            (24) Section 304 of the Appalachian Regional Development 
        Act of 1965 (40 U.S.C. App. 304).
            (25) Sections 2(b)(1)(A), 8(a), 8(c), 10(g)(1), and 11(c) 
        of the Export-Import Bank Act of 1945 (12 U.S.C. 635(b)(1)(A), 
        635g(a), 635g(c), 635i-3(g), and 635i-5(c)).
            (26) Section 17 of the Federal Deposit Insurance Act, other 
        than subsection (h) (12 U.S.C. 1827).
            (27) Section 13 of the Federal Financing Bank Act of 1933 
        (12 U.S.C. 2292).
            (28) Section 202(b)(8) of the National Housing Act (12 
        U.S.C. 1708(b)(8)).
            (29) Section 10(j)(12) of the Federal Home Loan Bank Act 
        (12 U.S.C. 1430(j)(12)).
            (30) Section 2B(d) of the Federal Home Loan Bank Act (12 
        U.S.C. 1422b(d)).
            (31) Section 1002(b) of Financial Institutions Reform, 
        Recovery, and Enforcement Act of 1989 (12 U.S.C. 1811 nt.).
            (32) Section 8 of the Fair Credit and Charge Card 
        Disclosure Act of 1988 (15 U.S.C. 1637 nt.).
            (33) Section 136(b)(4)(B) of the Truth in Lending Act (15 
        U.S.C. 1646(b)(4)(B)).
            (34) Section 707 of the Equal Credit Opportunity Act (15 
        U.S.C. 1691f).
            (35) Section 114 of the Truth in Lending Act (15 U.S.C. 
        1613).
            (36) The 7th undesignated paragraph of section 10 of the 
        Federal Reserve Act (12 U.S.C. 247).
            (37) The 10th undesignated paragraph of section 10 of the 
        Federal Reserve Act (12 U.S.C. 247a).
            (38) Section 2A of the Federal Reserve Act (12 U.S.C. 
        225a).
            (39) Section 815 of the Fair Debt Collection Practices Act 
        (15 U.S.C. 1692m).
            (40) Section 102(d) of the Federal Credit Union Act (12 
        U.S.C. 1752a(d)).
            (41) Section 21B(i) of the Federal Home Loan Bank Act (12 
        U.S.C. 1441b(i)).
            (42) Section 607(a) of the Housing and Community 
        Development Amendments of 1978 (42 U.S.C. 8106(a)).

SEC. 3. ELIMINATION OF CERTAIN REPORTING REQUIREMENTS.

    (a) Export-Import Bank.--
            (1) Section 2(b)(1)(D) of the Export-Import Bank Act of 
        1945 (12 U.S.C. 635(b)(1)(D)) is amended--
                    (A) by striking ``(i)''; and
                    (B) by striking clause (ii).
            (2) Section 2(b)(8) of such Act (12 U.S.C. 635(b)(8)) is 
        amended by striking the last sentence.
            (3) Section 6(b) of such Act (12 U.S.C. 635e(b)) is amended 
        by striking paragraph (2) and redesignating paragraph (3) as 
        paragraph (2).
            (4) Section 8 of such Act (12 U.S.C. 635g) is amended by 
        striking subsections (b) and (d) and redesignating subsections 
        (c) and (e) as subsections (b) and (c), respectively.
    (b) Federal Deposit Insurance Corporation.--Section 17 of the 
Federal Deposit Insurance Act (12 U.S.C. 1827) is amended by striking 
subsection (h).

SEC. 4. COORDINATION OF REPORTING REQUIREMENTS.

    (a) Comptroller of the Currency.--Section 333 of the Revised 
Statutes of the United States (12 U.S.C. 14) is amended by adding at 
the end the following new sentence: ``The report required under this 
section shall include the report required under section 1116 of title 
31, United States Code.''.
    (b) Director of the Office of Thrift Supervision.--Section 3(g) of 
the Home Owners' Loan Act (12 U.S.C. 1462a(g) is amended--
            (1) by striking ``and'' at the end of paragraph (1);
            (2) by striking the period at the end of paragraph (2) and 
        inserting ``; and''; and
            (3) the report required under section 1116 of title 31, 
        United States Code.''.
    (c) Federal Deposit Insurance Corporation.--Section 17(a) of the 
Federal Deposit Insurance Act (12 U.S.C. 1827(a)) is amended by adding 
at the end the following new paragraph:
            ``(3) Coordination with other report requirements.--The 
        report required under this section shall include the report 
        required under section 1116 of title 31, United States Code.''.
    (d) Federal Housing Finance Board.--Section 2B(d) of the Federal 
Home Loan Bank Act (12 U.S.C. 1422b(d)) is amended by adding at the end 
the following new sentence: ``The report required under this section 
shall include the report required under section 1116 of title 31, 
United States Code.''.
    (e) Federal Reserve Board.--
            (1) Section 2A of the Federal Reserve Act (12 U.S.C. 225a) 
        is amended--
                    (A) by striking ``February 20'' and inserting 
                ``February 27''; and
                    (B) by striking ``July 20'' each place such term 
                appears and inserting ``July 27''.
            (2) The 7th undesignated paragraph of section 10 of the 
        Federal Reserve Act (12 U.S.C. 247) is amended by adding at the 
        end the following new sentence: ``The report required under 
        this section shall include the report described in section 1116 
        of title 31, United States Code.''.
    (f) National Credit Union Administration.--Section 102(d) of the 
Federal Credit Union Act (12 U.S.C. 1752a(d)) is amended by adding at 
the end the following new sentence: ``The report required under this 
subsection shall include the report described in section 1116 of title 
31, United States Code.''.
    (g) Department of Housing and Urban Development.--Section 8 of the 
Department of Housing and Urban Development Act (42 U.S.C. 3536) is 
amended by adding at the end the following new sentence: ``The report 
required under this section shall include the report required under 
section 1116 of title 31, United States Code and the report required 
under section 802 of the Housing Act of 1954 (12 U.S.C. 1701o).''.
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