12 U.S.C. § 4523

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)
Section 4523 - Limitation on subsequent employment

Neither the Director nor any former officer or employee of the Agency who, while employed by the Agency, was compensated at a rate in excess of the lowest rate for a position classified higher than GS-15 of the General Schedule under section 5107 of title 5 may accept compensation from an enterprise during the 2-year period beginning on the date of separation from employment by the Agency.

12 U.S.C. § 4523

Pub. L. 102-550, title XIII, §1319D, Oct. 28, 1992, 106 Stat. 3951; Pub. L. 110-289, div. A, title I, §1161(a)(5), July 30, 2008, 122 Stat. 2779.

EDITORIAL NOTES

AMENDMENTS2008- Pub. L. 110-289 substituted "the Agency" for "the Office" wherever appearing.

Agency
The term "Agency" means the Federal Housing Finance Agency established under section 4511 of this title.
Director
The term "Director" means the Director of the Bureau.
compensation
The term "compensation" means any payment of money or the provision of any other thing of current or potential value in connection with employment.
enterprise
The term "enterprise" means-(A) the Federal National Mortgage Association and any affiliate thereof; and(B) the Federal Home Loan Mortgage Corporation and any affiliate thereof.