12-U.S.C.-5230

§5230 – Termination of Authority

Pathway

Title 12 > Chapter 52 > Subchapter I > Section 5230

Details

• Reference: Section 5230
• Legend: §5230 – Termination of Authority
• USCode Year: 2013

Provision Content

(a) Termination

The authorities provided under sections 5211(a), excluding section 5211(a)(3), and 5212 of this title shall terminate on December 31, 2009.

(b) Extension upon certification

The Secretary, upon submission of a written certification to Congress, may extend the authority provided under this chapter to expire not later than 2 years from October 3, 2008. Such certification shall include a justification of why the extension is necessary to assist American families and stabilize financial markets, as well as the expected cost to the taxpayers for such an extension.

(Pub. L. 110–343, div. A, title I, §120, Oct. 3, 2008, 122 Stat. 3788.)

References in Text

This chapter, referred to in subsec. (b), 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.-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.

Topic Map

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