§ 5582. Designated transfer date

480 words·~2 min read·/usc/title-12/section-5582

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(a)In general Not later than 60 days after July 21, 2010, the Secretary shall—

(1)in consultation with the Chairman of the Board of Governors, the Chairperson of the Corporation, the Chairman of the Federal Trade Commission, the Chairman of the National Credit Union Administration Board, the Comptroller of the Currency, the Director of the Office of Thrift Supervision, the Secretary of the Department of Housing and Urban Development, and the Director of the Office of Management and Budget, designate a single calendar date 1 for the transfer of functions to the Bureau under section 5581 of this title; and

(2)publish notice of that designated date in the Federal Register.

(b)Changing designation The Secretary—

(1)may, in consultation with the Chairman of the Board of Governors, the Chairperson of the Federal Deposit Insurance Corporation, the Chairman of the Federal Trade Commission, the Chairman of the National Credit Union Administration Board, the Comptroller of the Currency, the Director of the Office of Thrift Supervision, the Secretary of the Department of Housing and Urban Development, and the Director of the Office of Management and Budget, change the date designated under subsection (a); and

(2)shall publish notice of any changed designated date in the Federal Register.

(c)Permissible dates

(1)In general Except as provided in paragraph (2), any date designated under this section shall be not earlier than 180 days, nor later than 12 months, after July 21, 2010.

(2)Extension of time The Secretary may designate a date that is later than 12 months after July 21, 2010, if the Secretary transmits to appropriate committees of Congress—

(A)a written determination that orderly implementation of this title 2 is not feasible before the date that is 12 months after July 21, 2010;

(B)an explanation of why an extension is necessary for the orderly implementation of this title; 2 and

(C)a description of the steps that will be taken to effect an orderly and timely implementation of this title 2 within the extended time period.

(3)Extension limited In no case may any date designated under this section be later than 18 months after July 21, 2010.

(Pub. L. 111–203, title X, § 1062, July 21, 2010, 124 Stat. 2039.)

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Cited by 23 sections · top 21

U.S. Code

statute-compilations

Sec. 1062
DESIGNATED TRANSFER DATE

statutes-at-large

Public Law 111–203
To promote the financial stability of the United States by improving accountability and transparency in the financial system, to end “too big to fail”, to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes

bill

Sec. 206
Requiring small business review panels for additional agencies

Traces to 2 documents

U.S. Code

6 references not yet in our index

1
2
Pub. L. 111–203, title X, § 1062
124 Stat. 2039
Pub. L. 111–203
124 Stat. 1955

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cites case law

§ 5582

Designated transfer date

U.S.C.×11

Fed. Reg.×8

Bills×2

Stat. Comp.×1

Stat.×1

U.S.C.§ 5581

U.S.C.§ 5301

Cite1

Cite2

Pub. L.Pub. L. 111–203, title X, § 1062

Stat.124 Stat. 2039

Pub. L.Pub. L. 111–203

Cites 8 · showing 7Cited by 23 across 5 sources