Procesos estratégicos: Son los que van a permitir desarrollar la estrategia y objetivos de la

(a) CORPORATE POWERS.—The Federal Mortgage

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Insurance Corporation shall have the power— 10

(1) to adopt, alter, and use a corporate seal, 11

which shall be judicially noticed; 12

(2) to enter into, execute, and perform con- 13

tracts, leases, cooperative agreements, or other 14

transactions, on such terms as it may deem appro- 15

priate, with any agency or instrumentality of the 16

United States, or with any political subdivision 17

thereof, or with any person, firm, association, or cor- 18

poration; 19

(3) to execute, in accordance with its bylaws, all 20

instruments necessary or appropriate in the exercise 21

of any of its powers; 22

(4) in its corporate name, to sue and to be 23

sued, and to complain and to defend, in any court 24

or tribunal of competent jurisdiction, Federal or 25

State, but no attachment, injunction, or other simi- 1

lar process, mesne or final, shall be issued against 2

the property of the Corporation; 3

(5) to conduct its business without regard to 4

any qualification or similar statute in any State of 5

the United States; 6

(6) to lease, purchase, or acquire any property, 7

real, personal, or mixed, or any interest therein, to 8

hold, rent, maintain, modernize, renovate, improve, 9

use, and operate such property, and to sell, for cash 10

or credit, lease, or otherwise dispose of the same, at 11

such time and in such manner as and to the extent 12

that it may deem necessary or appropriate; 13

(7) to prescribe, repeal, and amend or modify, 14

rules, regulations, or requirements governing the 15

manner in which its general business may be con- 16

ducted; 17

(8) to accept gifts or donations of services, or 18

of property, real, personal, or mixed, tangible, or in- 19

tangible, in aid of any of its purposes; 20

(9) to appoint and supervise personnel em- 21

ployed by the Corporation; 22

(10) to establish and maintain divisions, units, 23

or other offices within the Corporation, including 24

those established in sections 207, 208, and 209, in 25

order to carry out the responsibilities of this Act, 1

and to satisfy the requirements of other applicable 2

law; and 3

(11) to manage the affairs of the Corporation 4

and conduct the business of the Corporation, as nec- 5

essary. 6

(b) LITIGATIONAUTHORITY.—

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(1) IN GENERAL.—In enforcing any provision of

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this Act, any regulation or order prescribed under 9

this Act, or any other provision of law, rule, regula- 10

tion, or order, or in any other action, suit, or pro- 11

ceeding to which the Corporation is a party or in 12

which the Corporation is interested, and in the ad- 13

ministration of conservatorships and receiverships, 14

the Corporation may act in the Corporation’s own 15

name and through attorneys or other agents acting 16

on behalf of the Corporation. 17

(2) SUBJECT TO SUIT.—Except as otherwise

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provided by law, the Corporation shall be subject to 19

suit (other than suits for claims for money damages) 20

by a regulated entity or market participant with re- 21

spect to any matter under this Act or any other ap- 22

plicable provision of law, rule, order, or regulation 23

under this Act, in the United States district court 24

for the judicial district in which the regulated entity 25

or market participant has its principal place of busi- 1

ness, or in the United States District Court for the 2

District of Columbia, and the Corporation may be 3

served with process in the manner prescribed by the 4

Federal Rules of Civil Procedure. 5

(c) EXPENDITURES.—Except as may be otherwise

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provided in this title, the Corporation shall determine the 7

necessity for, and the character and amount of its obliga- 8

tions and expenditures, and the manner in which they 9

shall be incurred, allowed, paid, and accounted for. 10

(d) EXEMPTION FROM CERTAIN TAXES.—The Cor-

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poration, including its franchise, capital, reserves, surplus, 12

mortgage loans or other security holdings, and income 13

shall be exempt from all taxation now or hereafter imposed 14

by the United States, by any territory, dependency, or pos- 15

session thereof, or by any State, county, municipality, or 16

local taxing authority, except that any real property of the 17

Corporation shall be subject to State, county, municipal, 18

or local taxation to the same extent according to its value 19

as other real property is taxed. 20

(e) EXCLUSIVE USE OF NAME.—No individual, asso-

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ciation, partnership, or corporation, except the body cor- 22

porate named under section 201, shall hereafter use the 23

words ‘‘Federal Mortgage Insurance Corporation’’ or any 24

combination of such words, as the name or a part thereof 25

under which such individual, association, partnership, or 1

corporation shall do business. Violations of the foregoing 2

sentence may be enjoined by any court of general jurisdic- 3

tion at the suit of the proper body corporate named under 4

section 201. In any such suit, the plaintiff may recover 5

any actual damages flowing from such violation, and, in 6

addition, shall be entitled to punitive damages (regardless 7

of the existence or nonexistence of actual damages) of not 8

exceeding $1,000 for each day during which such violation 9

is committed or repeated. 10

(f) FISCAL AGENTS.—The Federal Reserve banks are

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authorized and directed to act as depositories, custodians, 12

and fiscal agents for the Corporation, for its own account 13

or as fiduciary, and such banks shall be reimbursed for 14

such services in such manner as may be agreed upon, and 15

the Corporation may itself act in such capacities, for its 16

own account or as fiduciary, and for the account of others. 17

(g) OTHER POWERS.—The Corporation is authorized

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to assess and collect fees on regulated entities and ap- 19

proved entities, including for applications, examinations, 20

and other purposes, as authorized by this Act. 21

SEC. 307. EXEMPTIONS.