§ 252.41. Authority and purpose.
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/us/cfr/t12/s§ 252.41·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Authority. 12 U.S.C. 321-338a, 1818, 1831p-1, 1844(b), 1844(c), 5361, 5365, 5366, sec. 401(e), Pub. L. 115-174, 132 Stat. 1296.
(b)Purpose. This subpart implements section 165 of the Dodd-Frank Act (12 U.S.C. 5365) and section 401(e) of the Economic Growth, Regulatory Relief, and Consumer Protection Act, which requires the Board to conduct annual analyses of nonbank financial companies supervised by the Board and bank holding companies with $100 billion or more in total consolidated assets to evaluate whether such companies have the capital, on a total consolidated basis, necessary to absorb losses as a result of adverse economic conditions. [84 FR 59105, Nov. 1, 2019]
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- 12 USC 321-338a
- 132 Stat. 1296
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§ 252.41
Authority and purpose.
Cite12 USC 321-338a
Stat.132 Stat. 1296
Cites 4Cited by 0 across 0 sources