12 U.S.C. § 5218 — Conflicts of interest

FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER I—TROUBLED ASSETS RELIEF PROGRAM

Conflicts of interest

12 U.S.C. § 5218

ChapterSUBCHAPTER I—TROUBLED ASSETS RELIEF PROGRAM

This text of 12 U.S.C. § 5218 (Conflicts of interest) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

12 U.S.C. § 5218.

Text

(a)Standards required The Secretary shall issue regulations or guidelines necessary to address and manage or to prohibit conflicts of interest that may arise in connection with the administration and execution of the authorities provided under this chapter, including—

(1)conflicts arising in the selection or hiring of contractors or advisors, including asset managers;

(2)the purchase of troubled assets;

(3)the management of the troubled assets held;

(4)post-employment restrictions on employees; and

(5)any other potential conflict of interest, as the Secretary deems necessary or appropriate in the public interest.

(b)Timing Regulations or guidelines required by this section shall be issued as soon as practicable after October 3, 2008.

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(a) Standards required
The Secretary shall issue regulations or guidelines necessary to address and manage or to prohibit conflicts of interest that may arise in connection with the administration and execution of the authorities provided under this chapter, including—
(1) conflicts arising in the selection or hiring of contractors or advisors, including asset managers;
(2) the purchase of troubled assets;
(3) the management of the troubled assets held;
(4) post-employment restrictions on employees; and
(5) any other potential conflict of interest, as the Secretary deems necessary or appropriate in the public interest.
(b) Timing
Regulations or guidelines required by this section shall be issued as soon as practicable after October 3, 2008.

Source Credit

History

(Pub. L. 110–343, div. A, title I, §108, Oct. 3, 2008, 122 Stat. 3774.)

Editorial Notes

Editorial Notes

References in Text
This chapter, referred to in subsec. (a), was in the original "this Act" and was translated as reading "this division", meaning div. A of Pub. L. 110–343, Oct. 3, 2008, 122 Stat. 3765, known as the Emergency Economic Stabilization Act of 2008, to reflect the probable intent of Congress. For complete classification of division A to the Code, see Short Title note set out under section 5201 of this title and Tables.

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Bluebook (online)

12 U.S.C. § 5218, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/5218.