Sec. 12. Establishment of Chief Risk Officer for GNMA
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Section 4 of the Department of Housing and Urban Development Act ( 42 U.S.C. 3533 ) is amended by adding after subsection (g), as added by section 1442 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( Public Law 111–203 ; 124 Stat. 2163), the following new subsection: There shall be in the Department a Chief Risk Officer for the Government National Mortgage Association, who shall— be designated by the Secretary; be responsible to the President of the Association for all matters related to evaluating, managing, and mitigating risk to the programs of the Association; be in the competitive service or the senior executive service; be a career appointee; be designated from among individuals who possess demonstrated ability in general management of, and knowledge of and extensive practical experience in risk evaluation practices in large governmental or business entities; and shall not be required to obtain the prior approval, comment, or review of any officer or agency of the United States before submitting to the Congress, or any committee or subcommittee thereof, any reports, recommendations, testimony, or comments if such submission include a statement indicating that the views expressed therein are those of the Chief Risk Officer of the Association and do not necessarily represent the views of the Secretary. .
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- Pub. L. 111-203
- 124 Stat. 2163
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Sec. 12
Establishment of Chief Risk Officer for GNMA
Pub. L.Pub. L. 111-203
Stat.124 Stat. 2163
Cites 3Cited by 0 across 0 sources