and confirmed pursuant to section 308 of the National Housing Act, as amended by this section, the person serving as the President of the Government National Mortgage Association on that effective date shall act for all purposes as, and with the full powers of, the Administrator of the Association. (f) References On and after the date of the enactment of this Act, any reference in Federal law to the President of the Government National Mortgage Association or to such Association shall be deemed to be a reference to such Administrator of such Association or to such Association, as appropriate, as organized pursuant to this subsection and the amendments made by this section. 502. Guarantee fees Paragraph (3) of section 306(g) of the National Housing Act ( 12 U.S.C. 1721(g)(3) ) is amended— (1) by striking (3)(A) No fee or charge in excess of 6 basis points and inserting (3)(A)(i) Except as provided in clause (ii), no fee or charge