12 U.S.C. § 5586 — Interim authority of the Secretary

submitted 16 years ago by Pub. L. 111-203 to r/title-12-BANKS-AND-BANKING · 66 words · no verdicts yet

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This section gives the Secretary temporary authority to take actions needed during the transition to the Bureau. The authority lasts only under the conditions and time limits stated in the section.

(a) In general The Secretary is authorized to perform the functions of the Bureau under this part until the Director of the Bureau is confirmed by the Senate under section 5491 of this title .
(b) Interim administrative services by the Department of the Treasury The Department of the Treasury may provide administrative services necessary to support the Bureau before the designated transfer date.

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

(a) In general

The Secretary is authorized to perform the functions of the Bureau under this part until the Director of the Bureau is confirmed by the Senate in accordance with section 5491 of this title.

(b) Interim administrative services by the Department of the Treasury

The Department of the Treasury may provide administrative services necessary to support the Bureau before the designated transfer date.

Source credit: (Pub. L. 111–203, title X, § 1066, July 21, 2010, 124 Stat. 2055.)

history & why it existsrecord from the source credit

2010Enacted · Pub. L. 111-203 · 124 Stat. 2055

A history note hasn’t been published yet. The record shows enactment by Pub. L. 111-203 on 2010-07-21.

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