Sec. 503. Aligning purpose of conservatorship with FMIC
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Section 1367(b)(2)(D) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 ( 12 U.S.C. 4617(b)(2)(D) ) is amended to read as follows: After the date of enactment of the Housing Finance Reform and Taxpayer Protection Act of 2013 the Agency shall, as conservator, take such actions as are necessary— to ensure the efficient, effective, and expeditious wind down of the enterprises; to manage the affairs, assets, and obligations of the enterprises and to operate the enterprises in compliance with the requirements of the Housing Finance Reform and Taxpayer Protection Act of 2013 ; to assist the Federal Mortgage Insurance Corporation, in a consultative capacity, in carrying out the requirements under the Housing Finance Reform and Taxpayer Protection Act of 2013 ; and to maintain liquidity and stability in the secondary mortgage market until such as time as the charters of the enterprises are revoked pursuant to title V of such Act. .
Nothing in this Act, or any amendments made by this Act, except as may be explicitly provided for in this Act, or any amendment made by this Act, shall be deemed to alter the powers, authorities, rights, and duties that are vested in the Federal Housing Finance Agency and the Director of the Federal Housing Finance Agency with respect to its supervision and regulation of the enterprises.
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Sec. 503
Aligning purpose of conservatorship with FMIC
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