Title 12 — Banks and BankingRelease 119-73not60
§4523 Limitation on Subsequent Employment
Title 12 › Chapter 46— GOVERNMENT SPONSORED ENTERPRISES › Subchapter I— SUPERVISION AND REGULATION OF ENTERPRISES › Part A— Financial Safety and Soundness Regulator › § 4523
Summary
Director and former Agency staff paid above the minimum for positions above GS–15 (section 5107, title 5) can't accept enterprise pay for 2 years after leaving.
Full Legal Text
Title 12, §4523
Banks and Banking — Source: USLM XML via OLRC
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.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
2008—Pub. L. 110–289 substituted “the Agency” for “the Office” wherever appearing.
Reference
Citations & Metadata
Citation
12 U.S.C. § 4523
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60