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12 U.S.C. § 210 — Governmental powers unimpaired

submitted 93 years ago by ch. 1 to r/title-12-BANKS-AND-BANKING · 37 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law protects certain federal officials' powers. This part of the law cannot limit the President's power. It also protects the Treasury Secretary, the Comptroller of the Currency, and the Federal Reserve Board.

This section protects the powers other federal officials already have. Nothing in this subchapter about Federal Reserve Banks can be read to take away or reduce any power belonging to the President, the Secretary of the Treasury, the Comptroller of the Currency, or the Board of Governors of the Federal Reserve System. Those officials keep their full authority no matter what else this subchapter says.
the actual law source: uscode.house.gov ↗public domain

Nothing in this subchapter shall be construed to impair in any manner any powers of the President, the Secretary of the Treasury, the Comptroller of the Currency, or the Board of Governors of the Federal Reserve System.

Source credit: (Mar. 9, 1933, ch. 1, title II, § 210, 48 Stat. 5; Aug. 23, 1935, ch. 614, title II, § 203(a), 49 Stat. 704.)

history & why it existsrecord from the source credit
  • 1933Enacted · Act of Mar. 9, 1933, ch. 1 · 48 Stat. 5
  • 1935Amended · Act of Aug. 23, 1935, ch. 614 · 49 Stat. 704

A history note hasn’t been published yet. The record shows enactment by ch. 1 on 1933-03-09.

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