12 U.S.C. § 5201 — Purposes
submitted 18 years ago by Pub. L. 110-343 to r/title-12-BANKS-AND-BANKING · 92 words · no verdicts yet
This section addresses Purposes. It provides: The purposes of this chapter are— (1) to immediately provide authority and facilities that the Secretary of the Treasury can use to restore liquidity and stability to the financial system of the United States; and (2)...
The purposes of this chapter are—
(1) to immediately provide authority and facilities that the Secretary* of the Treasury can use to restore liquidity and stability to the financial system of the United States; and
(2) to ensure that such authority and such facilities are used in a manner that—
(A) protects home values, college funds, retirement accounts, and life savings;
(B) preserves homeownership and promotes jobs and economic growth;
(C) maximizes overall returns to the taxpayers of the United States; and
(D) provides public accountability for the exercise of such authority.
The purposes of this chapter are—
to immediately provide authority and facilities that the Secretary* of the Treasury can use to restore liquidity and stability to the financial system of the United States; and
to ensure that such authority and such facilities are used in a manner that—
protects home values, college funds, retirement accounts, and life savings;
preserves homeownership and promotes jobs and economic growth;
maximizes overall returns to the taxpayers of the United States; and
provides public accountability for the exercise of such authority.
Source credit: (Pub. L. 110–343, div. A, § 2, Oct. 3, 2008, 122 Stat. 3766.)
- 2008Enacted · Pub. L. 110-343 · 122 Stat. 3766
A history note hasn’t been published yet. The record shows enactment by Pub. L. 110-343 on 2008-10-03.
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