12 U.S.C. § 2404
Powers of Commission
United States · Title 12 — BANKS AND BANKING · Status: effective
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- Citation
- 12 U.S.C. § 2404, Powers of Commission, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438383
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Full text
The Commission may for the purpose of carrying out this chapter hold such hearings, sit and act at such times and places, take such testimony, and receive such evidence, as the Commission may deem advisable. The Commission may administer oaths of 11 So in original. Probably should be “or”. affirmations to witnesses appearing before it.
When so authorized by the Commission, any member or agent of the Commission may take any action which the Commission is authorized to take by this section.
The Commission may secure directly from any department or agency of the United States information necessary to enable it to carry out this chapter. Upon request of the Chairperson of the Commission, the head of such department or agency shall furnish such information to the Commission.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- An Act to increase deposit insurance from $20,000 to $40,000, to provide full insurance for public unit deposits of $100,000 per account, to establish a National Commission on Electronic Fund Transfers, and for other purposes.House: no recorded tallySenate: no recorded tally