OVERSIGHT BY FEDERAL HOUSING COMMISSIONER.

SEC. 624. OVERSIGHT BY FEDERAL HOUSING COMMISSIONER. (a) In General.—Section 578 of the Multifamily Assisted Housing Reform and Affordability Act of 1997 (42 U.S.C. 1437f note) is amended to read as follows: “SEC. 578. OVERSIGHT BY FEDERAL HOUSING COMMISSIONER. “All authority and responsibilities assigned under this subtitle to the Secretary shall be carried out through the Assistant Secretary of the Department of Housing and Urban Development who is the Federal Housing Commissioner.”. (b) Report.—The second sentence of section 573(b) of the Multi-family Assisted Housing Reform and Affordability Act of 1997 (42 U.S.C. 1437f note) is amended by striking “Secretary” and inserting “Assistant Secretary of the Department of Housing and Urban Development who is the Federal Housing Commissioner”.