FEDERAL HOUSING FINANCE BOARD PRACTICE REQUIRED TO CONFORM TO CONGRESSIONAL INTENT AND EXISTING LAW.

SEC. 1608. FEDERAL HOUSING FINANCE BOARD PRACTICE REQUIRED TO CONFORM TO CONGRESSIONAL INTENT AND EXISTING LAW. Section 2A(b)(2) of the Federal Home Loan Bank Act (12 U.S.C. 1422a(b)(2)) is amended by adding at the end the following new subparagraph: “(D) Clarification of status.— 106 STAT. 4090 “(i) In General.—The directors appointed pursuant to paragraph (1)(B) shall serve on a full-time basis after December 31, 1993. “(ii) Rule of construction.—Clause (i) shall not be construed as implying that any other position may be filled or held on a less than full-time basis.”.