106 STAT. 3950

PUBLIC LAW 102-550—OCT. 28, 1992

Minorities.

Women.

12 USC 4520.

(b) PROHIBITION OF SETTING COMPENSATION.—In carrying out
subsection (a), the Director may not prescribe or set a specific
level or range of compensation.

12 USC 4519. SEC. 1319. AUTHORITY TO PROVIDE FOR REVIEW OF ENTERPRISES

BY RATING ORGANIZATION.

The Director may, on such terms and conditions as the Director
deems appropriate, contract with any entity effectively recognized
by the Division of Market Regulation of the Securities and Exchange
Commission as a nationally recognized statistical rating organiza-
tion for the purposes of the capital rules for broker-dealers, to
conduct a review of the enterprises.

SEC. 131BA. EQUAL OPPORTUNITY IN SOLICITATION OF CONTRACTS.

(a) IN GENERAL.—Each enterprise shall establish a minority
outreach program to ensure the inclusion (to the maximum extent
possible) in contracts entered into by the enterprises of minorities
and women and businesses owned by minorities and women, includ-
ing financial institutions, investment banking firms, underwriters,
accountants, brokers, and providers of legal services.

(b) REPORT.—Not later than the expiration of the 180-day period
beginning on the date of the enactment of this Act, each enterprise
shall submit to the Committee on Banking, Finance and Urban
Affairs of the House of Representatives and the Committee on
Banking, Housing, and Urban Affairs of the Senate a report describ-
ing the actions taken by the enterprise pursuant to subsection
(a).

12 USC 4521. SEC. 1319B. ANNUAL REPORTS BY DIRECTOR.

(a) GENERAL REPORT.—The Director shall submit to the
Committee on Banking, Finance and Urban Affairs of the House
of Representatives ana the Committee on Banking, Housing, and
Urban Affairs of the Senate, not later than June 15 of each year,
a written report, which shall include—

(1) a description of the actions taken, and being under-
taken, by the Director to carry out this title;

(2) a description of the financial safety and soundness
of each enterprise, including the results and conclusions of
the annual examinations of the enterprises conducted under
section 1317(a); and

(3) any recommendations for legislation to enhance the
financial safety and soundness of the enterprises.

(b) REPORT ON ENFORCEMENT ACTIONS.—Not later than March
15 of each year, the Director shall submit to the Committee on
Banking, Finance and Urban Affairs of the House of Representa-
tives and the Committee on Banking, Housing, and Urban Affairs
of the Senate a written report describing, for the preceding calendar
year, the requests by the Director to the Attorney General for
enforcement actions under subtitle C and describing the disposition
of each request, which shall include statements of—

(1) the total number of requests made by the Director;

(2) the number of requests that resulted in the commence-
ment of litigation by the Department of Justice;

(3) the number of requests that did not result in the
commencement of litigation by the Department of Justice;

(4) with respect to requests that resulted in the commence-
ment of litigation—