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Code · BILL · 113th Congress · S. 2411 (Introduced in Senate) — To provide for the establishment of the United States Employee Ownership Bank, and for other purposes. · Sec. 6

Sec. 6. Regulations on safety and soundness and preventing competition with commercial institutions

64 words·~1 min read·/bill/113/s/2411/is/section-6

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Before the end of the 90-day period beginning on the date of enactment of this Act, the Secretary of the Treasury shall prescribe such regulations as are necessary to implement this Act and the amendments made by this Act, including— regulations to ensure the safety and soundness of the Bank; and regulations to ensure that the Bank will not compete with commercial financial institutions.
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