AMENDMENT TO TITLE 31, UNITED STATES CODE.

SEC. 307. AMENDMENT TO TITLE 31, UNITED STATES CODE. (a) Office Established as an Office Within the Department.— (1) In general.—Subchapter I of chapter 3 of title 31, United States Code, is amended by redesignating section 309 as section 310 and by inserting after section 308 the following new section: “§ 309. Office of Thrift Supervision “The Office of Thrift Supervision established under section 2A(a) of the Home Owners’ Loan Act shall be an office in the Department of the Treasury..”. (2) Clerical amendment.—The table of chapters for subchapter I of chapter 3 of title 31, United States Code, is amended by redesignating the item relating to section 309 as section 310 and by inserting after the item relating to section 308 the following new item: 103 STAT. 353 “309. Office of Thrift Supervision.”. (b) Conforming Amendment.—Section 321(c) of title 31, United States Code, is amended— (1) by adding at the end thereof the following new paragraph: “(3) of the Director of the Office of Thrift Supervision;”; (2) by striking out “and” at the end of paragraph (1); and (3) by striking out the period at the end of paragraph (2) and inserting in lieu thereof “, and”. (c) GAO Audit Authority.—Section 714(a) of title 31, United States Code, is amended— (1) by inserting “, and the Office of Thrift Supervision” before the period; and (2) by striking out “and” after “Corporation,”. (d) Certain Reorganization Prohibited.—Section 321 of title 31, United States Code, is amended by adding at the end thereof the following new subsection: “(e) Certain Reorganization Prohibited.—The Secretary of the Treasury may not merge or consolidate the Office of Thrift Supervision, or any of the functions or responsibilities of the Office or the Director of such office, with the Office of the Comptroller of the Currency or the Comptroller of the Currency.”. (e) Technical and Conforming Amendment to Government Control Act.—Section 9101(3) of title 31, United States Code, is amended by striking out subparagraph (E).