12-U.S.C.-5218
§5218 – Conflicts of Interest
Pathway
Title 12 > Chapter 52 > Subchapter I > Section 5218
Details
- Reference: Section 5218
- Legend: §5218 – Conflicts of Interest
- USCode Year: 2013
Provision Content
(a) Standards required
The Secretary shall issue regulations or guidelines necessary to address and manage or to prohibit conflicts of interest that may arise in connection with the administration and execution of the authorities provided under this chapter, including—
(1) conflicts arising in the selection or hiring of contractors or advisors, including asset managers;
(2) the purchase of troubled assets;
(3) the management of the troubled assets held;
(4) post-employment restrictions on employees; and
(5) any other potential conflict of interest, as the Secretary deems necessary or appropriate in the public interest.
(b) Timing
Regulations or guidelines required by this section shall be issued as soon as practicable after October 3, 2008.
(Pub. L. 110–343, div. A, title I, §108, Oct. 3, 2008, 122 Stat. 3774.)
References in Text
This chapter, referred to in subsec. (a), was in the original this Act and was translated as reading this division, meaning div. A of Pub. L. 110–343, Oct. 3, 2008, 122 Stat. 3765, known as the Emergency Economic Stabilization Act of 2008, to reflect the probable intent of Congress. For complete classification of division A to the Code, see Short Title note set out under section 5201 of this title and Tables.
U.S. Encyclopedia of Law Coverage
12-U.S.C.-5114 in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-5114, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.
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