TEMPORARY CEASE AND DESIST PROCEEDINGS.

SEC. 1152. TEMPORARY CEASE AND DESIST PROCEEDINGS. Section 1372 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4632) is amended—(1) by striking subsection (a) and inserting the following:“(a) Grounds for Issuance.—“(1) In general.—If the Director determines that the actions specified in the notice of charges served upon a regulated entity or any entity-affiliated party pursuant to section 1371(a), or the continuation thereof, is likely to cause insolvency or significant dissipation of assets or earnings of that entity, or is likely to weaken the condition of that entity prior to the completion of the proceedings conducted pursuant to sections 1371 and 1373, the Director may—“(A) issue a temporary order requiring that regulated entity or entity-affiliated party to cease and desist from any such violation or practice; and“(B) require that regulated entity or entity-affiliated party to take affirmative action to prevent or remedy such insolvency, dissipation, condition, or prejudice pending completion of such proceedings.“(2) Additional requirements.—An order issued under paragraph (1) may include any requirement authorized under subsection 1371(d).”;(2) in subsection (b)—(A) by striking “or director” and inserting “director, or entity-affiliated party”; and(B) by striking “enterprise” each place that term appears and inserting “regulated entity”;(3) in subsection (c), by striking “enterprise” each place that term appears and inserting “regulated entity”;(4) in subsection (d)—(A) by striking “or director” each place that term appears and inserting “director, or entity-affiliated party”; and(B) by striking “An enterprise” and inserting “A regulated entity”; and(5) in subsection (e)—(A) by striking “request the Attorney General of the United States to”; and122 STAT. 2770(B) by striking “or may, under the direction and control of the Attorney General, bring such action”.