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12 U.S.C. § 5366

Early remediation requirements

United States · Title 12 — BANKS AND BANKING · Status: effective

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12 U.S.C. § 5366, Early remediation requirements, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438993
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Full text

The Board of Governors, in consultation with the Council and the Corporation, shall prescribe regulations establishing requirements to provide for the early remediation of financial distress of a nonbank financial company supervised by the Board of Governors or a bank holding company described in section 5365(a) of this title, except that nothing in this subsection authorizes the provision of financial assistance from the Federal Government. The purpose of the early remediation requirements under subsection (a) shall be to establish a series of specific remedial actions to be taken by a nonbank financial company supervised by the Board of Governors or a bank holding company described in section 5365(a) of this title that is experiencing increasing financial distress, in order to minimize the probability that the company will become insolvent and the potential harm of such insolvency to the financial stability of the United States. The regulations prescribed by the Board of Governors under subsection (a) shall— establish requirements that increase in stringency as the financial condition of the company declines, including—

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.