Pub. L. 100-86, tit. IV, sec. 416

SUNSET.

EnactedYear: 1987Length: 267 wordsOfficial source
SEC. 416. SUNSET. (a) In General.— The following provisions shall cease to be effective on the date that a notice is published in the Federal Register by the Financing Corporation pursuant to subsection (b): (1) Paragraphs (2), (3), and (5) of— (A) section 9(a) of the Home Owners’ Loan Act of 1933; and (B) section 415(a) of the National Housing Act, (as added by subsections (a) and (b), respectively, of section 402 of this title). (2) Section 10 of the Home Owners’ Loan Act of 1933 and section 416 of the National Housing Act (as added by subsections (a) and (b), respectively, of section 404 of this title). (3) Paragraph (6) of section 406(f) of the National Housing Act (as added by section 405 of this title). (4) Section 22A of the Federal Home Loan Bank Act (as added by section 407(d) of this title). (5) Section 411 of this title. (b) Notice of Completion of Net New Borrowing by Financing Corporation.— When the Financing Corporation established pursuant to section 21 of the Federal Home Loan Bank Act has completed all net new borrowing under such section, the Financing Corporation shall publish a notice of such fact in the Federal Register. (c) Savings Provision.— The termination by subsection (a) of the effectiveness of any provision described in such subsection shall not be construed to affect or limit any authority of the Federal Home Loan Bank Board or the Federal Savings and Loan Insurance Corporation to prescribe any regulation or engage in any activity with respect to any association or insured institution under any other provision of law.
Pub. L. 100-86, tit. IV, sec. 416: SUNSET. | Justis AI