Title 12 — Banks and Banking
Part F · Chapter 53 — Wall Street Reform and Consumer Protection
§ 5585. Incidental transfers
Statutory text
Incidental transfers authorized
The Director of the Office of Management and Budget, in consultation with the Secretary, shall make such additional incidental transfers and dispositions of assets and liabilities held, used, arising from, available, or to be made available, in connection with the functions transferred by this title,1 as the Director may determine necessary to accomplish the purposes of this title.1
Sunset
The authority provided in this section shall terminate 5 years after .
Footnotes
- 1 See References in Text note below.
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.
Consumer Financial Protection Act of 2010
Pub. L. 111–203 title X § 1065 · 124 Stat. 1376
Enacted · 12 U.S.C. § 5585
(Pub. L. 111–203, title X, § 1065, July 21, 2010, 124 Stat. 2055.)
Source evidence
Code source credit
(Pub. L. 111–203, title X, § 1065, July 21, 2010, 124 Stat. 2055.)Enacted provision · exact public law section
SEC. 1065. INCIDENTAL TRANSFERS. (a) Incidental Transfers Authorized.— The Director of the Office of Management and Budget, in consultation with the Secretary, shall make such additional incidental transfers and dispositions of assets and liabilities held, used, arising from, available, or to be made available, in connection with the functions transferred by this title, as the Director may determine necessary to accomplish the purposes of this title. (b) Sunset.— The authority provided in this section shall terminate 5 years after the date of enactment of this Act.
1 of 1 references resolved to an enrolled provision
Editorial Notes
References in Text
This title, referred to in subsec. (a), is title X of Pub. L. 111–203, , 124 Stat. 1955, known as the Consumer Financial Protection Act of 2010, which enacted this subchapter and enacted, amended, and repealed numerous other sections and notes in the Code. For complete classification of title X to the Code, see Short Title note set out under section 5301 of this title and Tables.