12-U.S.C.-5227
§5227 – Study and Report On Margin Authority
Pathway
Title 12 > Chapter 52 > Subchapter I > Section 5227
Details
- Reference: Section 5227
- Legend: §5227 – Study and Report On Margin Authority
- USCode Year: 2013
Provision Content
(a) Study
The Comptroller General shall undertake a study to determine the extent to which leverage and sudden deleveraging of financial institutions was a factor behind the current financial crisis.
(b) Content
The study required by this section shall include—
(1) an analysis of the roles and responsibilities of the Board, the Securities and Exchange Commission, the Secretary, and other Federal banking agencies with respect to monitoring leverage and acting to curtail excessive leveraging;
(2) an analysis of the authority of the Board to regulate leverage, including by setting margin requirements, and what process the Board used to decide whether or not to use its authority;
(3) an analysis of any usage of the margin authority by the Board; and
(4) recommendations for the Board and appropriate committees of Congress with respect to the existing authority of the Board.
(c) Report
Not later than June 1, 2009, the Comptroller General shall complete and submit a report on the study required by this section to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives.
(d) Sharing of information
Any reports required under this section shall also be submitted to the Congressional Oversight Panel established under section 5233 of this title.
(Pub. L. 110–343, div. A, title I, §117, Oct. 3, 2008, 122 Stat. 3786.)
U.S. Encyclopedia of Law Coverage
12-U.S.C.-5225 in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-5225, 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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