12 U.S.C. § 1833e
Equal opportunity
For purposes of this Act, sections 1 and 2 of Executive Order Numbered 11478, providing for the adoption and implementation of equal employment opportunity, shall apply to the Federal Home Loan Banks, the Federal National Mortgage Association, and the Federal Home Loan Mortgage Corporation.
The Federal Deposit Insurance Corporation, the Comptroller of the Currency, and the Federal Housing Finance Agency, shall each prescribe regulations to establish and oversee a minority outreach program within each such agency to ensure inclusion, to the maximum extent possible, of minorities and women, and entities owned by minorities and women, including financial institutions, investment banking firms, underwriters, accountants, and providers of legal services, in all contracts entered into by the agency with such persons or entities, public and private, in order to manage the institutions and their assets for which the agency is responsible or to perform such other functions authorized under any law applicable to such agency.
This Act, referred to in subsecs. (a) and (b), is Pub. L. 101–73,
Executive Order Numbered 11478, referred to in subsecs. (a) and (b), is set out as a note under section 2000e of Title 42, The Public Health and Welfare.
Section was enacted as part of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, and not as part of the Federal Deposit Insurance Act which comprises this chapter.
Pub. L. 110–289, div. A, title II, § 1216(g), which directed amendment of section 1216 of the “Financial Institutions Reform, Recovery, and Enhancement Act of 1989”, was executed to this section, which is section 1216 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, to reflect the probable intent of Congress. See 2008 Amendment notes below.
2010—Subsec. (a)(2). Pub. L. 111–203, § 367(9)(A)(iii), (iv), redesignated par. (3) as (2) and struck out former par. (2) which read as follows: “the Director of the Office of Thrift Supervision;”.
Subsec. (a)(3). Pub. L. 111–203, § 367(9)(A)(iv), redesignated par. (4) as (3). Former par. (3) redesignated (2).
Pub. L. 111–203, § 367(9)(A)(i), inserted “and” at the end.
Subsec. (a)(4). Pub. L. 111–203, § 367(9)(A)(iv), redesignated par. (4) as (3).
Pub. L. 111–203, § 367(9)(A)(ii), substituted a period for the semicolon at the end.
Subsec. (a)(5), (6). Pub. L. 111–203, § 367(9)(A)(iii), struck out pars. (5) and (6) which read as follows:
“(5) the Thrift Depositor Protection Oversight Board of the Resolution Trust Corporation; and
“(6) the Resolution Trust Corporation.”
Subsec. (c). Pub. L. 111–203, § 367(9)(B), substituted “and the Federal Housing Finance Agency,” for “the Director of the Office of Thrift Supervision, the Federal Housing Finance Agency, the Thrift Depositor Protection Oversight Board of the Resolution Trust Corporation, and the Resolution Trust Corporation”.
Subsec. (d)(3) to (8). Pub. L. 111–203, § 367(9)(C), redesignated pars. (4), (7), and (8) as (3) to (5), respectively, and struck out former pars. (3), (5), and (6) which read as follows:
“(3) the Director of the Office of Thrift Supervision;
“(5) the Thrift Depositor Protection Oversight Board of the Resolution Trust Corporation;
“(6) the Resolution Trust Corporation;”.
2008—Subsec. (a)(3). Pub. L. 110–289, § 1216(g)(1), added par. (3) and struck out former par. (3) which read as follows: “the Federal home loan banks;”. See Codification note above.
Subsec. (b). Pub. L. 110–289, § 1216(g)(2), substituted “Federal Home Loan Banks, the Federal National Mortgage Association,” for “Federal National Mortgage Association”. See Codification note above.
Subsec. (c). Pub. L. 110–289, § 1216(g)(3), substituted “Finance Agency” for “Finance Board”. See Codification note above.
Oversight Board redesignated Thrift Depositor Protection Oversight Board, effective
Amendment by Pub. L. 111–203 effective on the transfer date, see section 351 of Pub. L. 111–203, set out as a note under section 906 of Title 2, The Congress.