---
kind: "section"
citation: "12 U.S.C. § 4523"
title: "12"
title_heading: "Banks and Banking"
number: "4523"
heading: "Limitation on subsequent employment"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/4523"
units:
  - "Chapter 46 — Government Sponsored Enterprises"
  - "Subchapter I — Supervision and Regulation of Enterprises"
  - "Part A — Financial Safety and Soundness Regulator"
---

# §4523. Limitation on subsequent employment


Neither the [Director](/usc/12/4502.md?p=9) nor any former officer or employee of the [Agency](/usc/12/4502.md?p=2) who, while employed by the [Agency](/usc/12/4502.md?p=2), 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](/usc/5/5107.md) may accept [compensation](/usc/12/4502.md?p=6) from an [enterprise](/usc/12/4502.md?p=10) during the 2-year period beginning on the date of separation from employment by the [Agency](/usc/12/4502.md?p=2).


## Source credit

(Pub. L. 102–550, title XIII, § 1319D, Oct. 28, 1992, 106 Stat. 3951; Pub. L. 110–289, div. A, title I, § 1161(a)(5), July 30, 2008, 122 Stat. 2779.)

## Notes

### Editorial Notes

### Amendments

2008—Pub. L. 110–289 substituted “the Agency” for “the Office” wherever appearing.