GAO AUDIT OF FEDERAL AGRICULTURAL MORTGAGE CORPORATION.

SEC. 703. GAO AUDIT OF FEDERAL AGRICULTURAL MORTGAGE CORPORATION. Section 9105(a) of title 31, United States Code, is amended by adding at the end thereof the following new paragraph: “(4) Federal agricultural mortgage corporation.— “(A) Audits authorized.— Notwithstanding any other provision of law and under such regulations as the Comptroller General may prescribe, the Comptroller General shall perform a financial audit of the Federal Agricultural Mortgage Corporation on whatever basis the Comptroller General determines to be necessary. “(B) Cooperation of corporation required.— The Federal Agricultural Mortgage Corporation shall— “(i) make available to the Comptroller General for audit all records and property of, or used or managed by, the Association which may be necessary for the audit; and “(ii) provide the Comptroller General with facilities for verifying transactions with the balances or securities held by any depositary, fiscal agent, or custodian.”.