12 U.S.C. § 2 — Comptroller of the Currency; appointment; term

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The President appoints the Comptroller of the Currency, with the Senate's approval. The Comptroller serves a five-year term unless the President removes them early and tells the Senate why.

The President appoints the Comptroller of the Currency, with the advice and consent of the Senate. The Comptroller holds the office for a term of five years, unless the President removes the Comptroller sooner. If the President does remove the Comptroller early, the President must tell the Senate the reasons for the removal.

the actual law source: uscode.house.gov ↗public domain

The Comptroller of the Currency shall be appointed by the President, by and with the advice and consent of the Senate, and shall hold his office for a term of five years unless sooner removed by the President, upon reasons to be communicated by him to the Senate.

Source credit: (R.S. § 325; Aug. 23, 1935, ch. 614, title II, § 209, 49 Stat. 707.)

history & why it existsrecord from the source credit

1935Enacted · Act of Aug. 23, 1935, ch. 614 · 49 Stat. 707

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