§ 5218. Conflicts of interest

204 words·~1 min read·/usc/title-12/section-5218

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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.

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

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Cited by 2 sections

statutes-at-large

Public Law 110–343
To provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives

statute-compilations

Sec. 108
CONFLICTS OF INTEREST

Traces to 1 document

U.S. Code

Purposes
§ 5201

4 references not yet in our index

Pub. L. 110–343, div. A, title I, § 108
122 Stat. 3774
Pub. L. 110–343
122 Stat. 3765

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cites case law

§ 5218

Conflicts of interest

Stat. Comp.×1

Stat.×1

U.S.C.§ 5201

Pub. L.Pub. L. 110–343, div. A, title I, § 108

Stat.122 Stat. 3774

Pub. L.Pub. L. 110–343

Stat.122 Stat. 3765

Cites 5Cited by 2 across 2 sources