12-U.S.C.-5239

§5239 – Recoupment

Pathway

Title 12 > Chapter 52 > Subchapter I > Section 5239

Details

• Reference: Section 5239
• Legend: §5239 – Recoupment
• USCode Year: 2013

Provision Content

Upon the expiration of the 5-year period beginning upon October 3, 2008, the Director of the Office of Management and Budget, in consultation with the Director of the Congressional Budget Office, shall submit a report to the Congress on the net amount within the Troubled Asset Relief Program under this chapter. In any case where there is a shortfall, the President shall submit a legislative proposal that recoups from the financial industry an amount equal to the shortfall in order to ensure that the Troubled Asset Relief Program does not add to the deficit or national debt.

(Pub. L. 110–343, div. A, title I, §134, Oct. 3, 2008, 122 Stat. 3798.)

References in Text

This chapter, referred to in text, 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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