FINANCIAL INSTITUTIONS REFORM, RECOVERY, AND ENFORCEMENT ACT OF 1989.

SEC. 367. FINANCIAL INSTITUTIONS REFORM, RECOVERY, AND ENFORCEMENT ACT OF 1989. The Financial Institutions Reform, Recovery, and Enforcement Act of 1989 is amended—(1) in section 203 (12 U.S.C. 1812 note), by striking subsection (b);(2) in section 302(1) (12 U.S.C. 1467a note), by striking “Director of the Office of Thrift Supervision” and inserting “Comptroller of the Currency”;(3) in section 305(12 U.S.C. 1464 note), by striking subsection (b);(4) in section 308 (12 U.S.C. 1463 note)—(A) in subsection (a), by striking “Director of the Office of Thrift Supervision” and inserting “Chairman of the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Chairman of the National Credit Union Administration,”; and(B) by adding at the end the following new subsection:“(c) Reports.—The Secretary of the Treasury, the Chairman of the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Chairman of the National Credit Union Administration, and the Chairperson of Board of Directors of the Federal Deposit Insurance Corporation shall each submit an annual report to the Congress containing a description of actions taken to carry out this section.”;(5) in section 402 (12 U.S.C. 1437 note)—(A) in subsection (a), by striking “Director of the Office of Thrift Supervision” and inserting “Comptroller of the Currency”;(B) by striking subsection (b);(C) in subsection (e)—(i) in paragraph (1), by striking “Office of Thrift Supervision” and inserting “Comptroller of the Currency”; and(ii) in each of paragraphs (2), (3), and (4), by striking “Director of the Office of Thrift Supervision” 124 STAT. 1557 each place that term appears and inserting “Comptroller of the Currency”; and(D) by striking “Federal Housing Finance Board” each place that term appears and inserting “Federal Housing Finance Agency”;(6) in section 1103(a) (12 U.S.C. 3332(a)), by striking “and the Resolution Trust Corporation”;(7) in section 1205(b) (12 U.S.C. 1818 note)—(A) in paragraph (1)—(i) by striking subparagraph (B); and(ii) by redesignating subparagraphs (C) through (F) as subparagraphs (B) through (E), respectively; and(B) in paragraph (2), by striking “paragraph (1)(F)” and inserting “paragraph (1)(E)”;(8) in section 1206 (12 U.S.C. 1833b)—(A) by striking “Board, the Oversight Board of the Resolution Trust Corporation” and inserting “Agency, and”; and(B) by striking “, and the Office of Thrift Supervision”;(9) in section 1216 (12 U.S.C. 1833e)—(A) in subsection (a)—(i) in paragraph (3), by adding “and” at the end;(ii) in paragraph (4), by striking the semicolon at the end and inserting a period;(iii) by striking paragraphs (2), (5), and (6); and(iv) by redesignating paragraphs (3) and (4), as paragraphs (2) and (3), respectively;(B) in subsection (c)—(i) by striking “the Director of the Office of Thrift Supervision,” and inserting “and”; and(ii) by striking “the Thrift Depositor Protection Oversight Board of the Resolution Trust Corporation, and the Resolution Trust Corporation”; and(C) in subsection (d)—(i) by striking paragraphs (3), (5), and (6); and(ii) by redesignating paragraphs (4), (7), and (8) as paragraphs (3), (4), and (5), respectively.