Title 12, Banks and BankingRelease 119-102
§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
The Director and former Agency officers or employees who, while working there, were paid above the lowest rate for jobs above GS‑15 cannot take pay from a company for two 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
Aug 21, 2026
Release point: 119-102