Title 12 — Banks and BankingRelease 119-73not60
§1717a Prohibition Against Sale of Obligations by Federal Departments and Agencies After June 30, 1966, Without Compliance with Requirements of Section 1717(c) of This Title or Without Approval by Secretary of the Treasury; Exemption
Title 12 › Chapter 13— NATIONAL HOUSING › Subchapter III— NATIONAL MORTGAGE ASSOCIATIONS › § 1717a
Summary
After June 30, 1966, the federal departments and agencies listed elsewhere in the law may only sell obligations if they follow the law's sale rules or get approval from the Secretary of the Treasury; the Government National Mortgage Association is exempt.
Full Legal Text
Title 12, §1717a
Banks and Banking — Source: USLM XML via OLRC
After June 30, 1966, no department or agency listed in section 1717(c)(2) of this title may sell any obligation held by it except as provided in section 1717(c) of this title, or as approved by the Secretary of the Treasury, except that this prohibition shall not apply to the Government National Mortgage Association.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section was enacted as a part of the Participation Sales Act of 1966, and not as a part of the National Housing Act, which comprises this chapter or the Federal National Mortgage Association Charter Act which comprises this subchapter.
Amendments
1968—Pub. L. 90–448 substituted “the Government National Mortgage Association” for “secondary market operations carried on by the Federal National Mortgage Association”.
Statutory Notes and Related Subsidiaries
Effective Date
of 1968 AmendmentFor
Effective Date
of amendment by Pub. L. 90–448, see section 808 of Pub. L. 90–448, set out as an
Effective Date
note under section 1716b of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1717a
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60