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Code · U.S. Code · Title 12 - BANKS AND BANKING · CHAPTER 52— EMERGENCY ECONOMIC STABILIZATION · SUBCHAPTER I— TROUBLED ASSETS RELIEF PROGRAM · § 5222

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§ 5222. Coordination with foreign authorities and central banks

84 words·~1 min read·/usc/title-12/section-5222

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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.

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

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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

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Sec. 112
COORDINATION WITH FOREIGN AUTHORITIES AND CENTRAL BANKS

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U.S. Code

Purchases of troubled assets
§ 5211

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Pub. L. 110–343, div. A, title I, § 112
122 Stat. 3777

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§ 5222

Coordination with foreign authorities and central banks

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Pub. L.Pub. L. 110–343, div. A, title I, § 112

Stat.122 Stat. 3777

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