Sec. 317. Regulation, supervision, and enforcement
285 words·~1 min read·
/bill/115/hr/6746/ih/section-317A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Director shall exercise, by rule, order, or guidance, oversight of the Exchange, which shall include the authority to regulate, supervise, and examine the Exchange and take enforcement actions against the Exchange or any Exchange-affiliated party, consistent with the provisions of the Federal Housing Enterprise Financial Safety and Soundness Act of 1992. The authority of the Director under this section shall include the authority to exercise such incidental powers as may be necessary or appropriate to fulfill the duties and responsibilities of the Director in the oversight, supervision, and regulation of the Exchange.
In exercising authority to regulate and supervise the Exchange, the Director shall consult with other Federal departments and agencies that regulate or supervise entities, institutions, or companies that are or may become subject to standards, rules, processes, or procedures developed by the Exchange (including issuers through the Platform and depositors or participants in the Repository), including the Government National Mortgage Association, the Bureau of Consumer Financial Protection, any Federal banking agency (as defined under section 3 of the Federal Deposit Insurance Act), and the National Credit Union Administration.
The Director shall establish and collect from the Exchange an annual assessment in an amount not exceeding the amount sufficient to provide for reasonable costs (including administrative costs) and expenses of the Agency related to its oversight of the Exchange. The amounts received by the Director from assessments under this section shall not be construed to be Government or public funds or appropriated money. Notwithstanding any other provision of law, the amounts received by the Director from assessments under this section shall not be subject to apportionment for the purpose of chapter 15 of title 31, United States Code, or under any other authority.