§ 4521. Annual reports by Director
(a)
General report
The Director shall submit to the Committee on Financial Services of the House of Representatives and 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 undertaken, by the Director to carry out this chapter;
(2)
a description of the financial safety and soundness of each regulated entity, including the results and conclusions of the annual examinations of the regulated entities conducted under section
4517
(a) of this title;
(3)
any recommendations for legislation to enhance the financial safety and soundness of the regulated entities;
(4)
a description of—
(A)
whether the procedures established by each regulated entity pursuant to section
4012a
(b)(3) of title
42 are adequate and being complied with, and
(B)
the results and conclusions of any examination, as determined necessary by the Director, to determine the compliance of the regulated entities with the requirements of section
4012a
(b)(3) of title
42, which shall include a description of the methods used to determine compliance and the types and sources of deficiencies (if any), and identify any corrective measures that have been taken to remedy any such deficiencies,
except that the information described in this paragraph shall be included only in each of the first, third, and fifth annual reports under this subsection required to be submitted after the expiration of the 1-year period beginning on September 23, 1994; and [1]
(b)
Report on enforcement actions
Not later than March 15 of each year, the Director shall submit to the Committee on Financial Services of the House of Representatives 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 subchapter III of this chapter and describing the disposition of each request, which shall include statements of—
(2)
the number of requests that resulted in the commencement 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;
[1] So in original. The word “and” probably should not appear.