Title 12 — Banks and Banking
Chapter 34 — Federal Financial Institutions Examination Council
§ 3306. State liaison
Statutory text
To encourage the application of uniform examination principles and standards by State and Federal supervisory agencies, the Council shall establish a liaison committee composed of five representatives of State agencies which supervise financial institutions which shall meet at least twice a year with the Council. Members of the liaison committee shall receive a reasonable allowance for necessary expenses incurred in attending meetings. Members of the Liaison Committee shall elect a chairperson from among the members serving on the committee.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Federal Financial Institutions Examination Council Act of 1978
Pub. L. 95–630 title X § 1007 · 92 Stat. 3641
Enacted · 12 U.S.C. § 3306
Pub. L. 95–630, title X, § 1007, Nov. 10, 1978, 92 Stat. 3696
Source evidence
Code source credit
Pub. L. 95–630, title X, § 1007, Nov. 10, 1978, 92 Stat. 3696Enacted provision · exact public law section
Sec. 1007. state liaison To encourage the application of uniform examination principles and standards by State and Federal supervisory agencies, the Council shall establish a liaison committee composed of five representatives of State agencies which supervise financial institutions Allowance. which shall meet at least twice a year with the Council. Members of the liaison committee shall receive a reasonable allowance for necessary expenses incurred in attending meetings.Pub. L. 109–351 title VII § 714(b) · 120 Stat. 1966
Inserted · 12 U.S.C. § 3306
Pub. L. 109–351 inserted at end “Members of the Liaison Committee shall elect a chairperson from among the members serving on the committee.”
Source evidence
Code amendment note
Pub. L. 109–351 inserted at end “Members of the Liaison Committee shall elect a chairperson from among the members serving on the committee.”Enacted provision · exact public law section
(b) Chairperson of Liaison Committee.— Section 1007 of the Federal Financial Institutions Examination Council Act of 1978 (12 U.S.C. 3306) is amended by adding at the end the following: “Members of the Liaison Committee shall elect a chairperson from among the members serving on the committee.”.
2 of 2 references resolved to an enrolled provision
Editorial Notes
Amendments
2006—Pub. L. 109–351 inserted at end “Members of the Liaison Committee shall elect a chairperson from among the members serving on the committee.”
Statutory Notes and Related Subsidiaries
Effective Date
Section effective upon the expiration of 120 days after , see section 2101 of Pub. L. 95–630, set out as a note under section 375b of this title.
Credits
1978–2006 · 2 acts
- 1978Pub. L. 95–630, title X, § 1007, , 92 Stat. 3696
- 2006Pub. L. 109–351, title VII, § 714(b), , 120 Stat. 1995.
Show as published
(Pub. L. 95–630, title X, § 1007, , 92 Stat. 3696; Pub. L. 109–351, title VII, § 714(b), , 120 Stat. 1995.)