12 USC 5585: Incidental transfers
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12 USC 5585: Incidental transfers Text contains those laws in effect on November 20, 2024
From Title 12-BANKS AND BANKINGCHAPTER 53-WALL STREET REFORM AND CONSUMER PROTECTIONSUBCHAPTER V-BUREAU OF CONSUMER FINANCIAL PROTECTIONPart F-Transfer of Functions and Personnel; Transitional Provisions
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§5585. 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,1 as the Director may determine necessary to accomplish the purposes of this title.1

(b) Sunset

The authority provided in this section shall terminate 5 years after July 21, 2010.

( Pub. L. 111–203, title X, §1065, July 21, 2010, 124 Stat. 2055 .)


Editorial Notes

References in Text

This title, referred to in subsec. (a), is title X of Pub. L. 111–203, July 21, 2010, 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1955 , known as the Consumer Financial Protection Act of 2010, which enacted this subchapter and enacted, amended, and repealed numerous other sections and notes in the Code.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.

1 See References in Text note below.