12 U.S.C. § 5585
Incidental transfers
United States · Title 12 — BANKS AND BANKING · Status: effective
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- Citation
- 12 U.S.C. § 5585, Incidental transfers, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/439101
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Full text
The Director of the Office of Management and Budget, in consultation with the Secretary, shall make such additional incidental transfers and dispositions of assets and liabilities held, used, arising from, available, or to be made available, in connection with the functions transferred by this title,11 See References in Text note below. as the Director may determine necessary to accomplish the purposes of this title.1
The authority provided in this section shall terminate 5 years after July 21, 2010.
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.
- Dodd-Frank Wall Street Reform and Consumer Protection Act