Prior approval of enterprise products

(a) In general Section 1321 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4541) is amended— (1) in subsection (c)— (A) in paragraph (3)— (i) by striking 30-day and inserting 60-day; (ii) by striking During and inserting the following: (A) In general During; and (iii) by adding at the end the following: (B) Extension of public comment period The Director may extend the public comment period described in subparagraph (A) by 30 days.; and (B) in paragraph (4)— (i) in subparagraph (A), by striking 30 and inserting 60; (ii) in subparagraph (B), by striking 30-day and all that follows through product and inserting 60-day period described in subparagraph (A), then the product is denied.; and (iii) by striking subparagraph (C); (2) in subsection (e)(1)(C)— (A) by striking to— and inserting to the activities described in subparagraphs (A) and (B).; and (B) by striking clauses (i) and (ii); and (3) by adding at the end the following: (g) Public disclosure of determination In addition to information disclosed in the request for public comment under subsection (c), the Director shall publish on a public website and in the Federal Register any non-proprietary information related to a determination with respect a new product or new activity submission not later than 30 days after making such determination, including information related to the criteria for such determination.. (b) Rulemaking Not later than 90 days after the date of the enactment of this section, the Director of the Federal Housing Finance Agency shall issue or revise rules to carry out the amendments of this section.