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

Coordination with foreign authorities and central banks

12 U.S.C. § 5222
Title12Banks and Banking
ChapterSUBCHAPTER I—TROUBLED ASSETS RELIEF PROGRAM

This text of 12 U.S.C. § 5222 (Coordination with foreign authorities and central banks) 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. § 5222.

Text

The Secretary shall coordinate, as appropriate, with foreign financial authorities and central banks to work toward the establishment of similar programs by such authorities and central banks. To the extent that such foreign financial authorities or banks hold troubled assets as a result of extending financing to financial institutions that have failed or defaulted on such financing, such troubled assets qualify for purchase under section 5211 of this title.

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Related

§ 5211
12 U.S.C. § 5211

Source Credit

History

(Pub. L. 110–343, div. A, title I, §112, Oct. 3, 2008, 122 Stat. 3777.)

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12 U.S.C. § 5222, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/5222.