12 U.S.C. § 5585

Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)

Section 5585 - Incidental transfers

(a) Incidental transfers authorized

The Director of the Office of Management and Budget, in consultation with the Secretary, shall make such additional incidental transfers and dispositions of assets and liabilities held, used, arising from, available, or to be made available, in connection with the functions transferred by this title,¹ as the Director may determine necessary to accomplish the purposes of this title.¹

(b) Sunset

The authority provided in this section shall terminate 5 years after July 21, 2010.

¹ See References in Text note below.

12 U.S.C. § 5585

Pub. L. 111-203, title X, §10651065,, 124 Stat. 2055.

EDITORIAL NOTES

REFERENCES IN TEXTThis title, referred to in subsec. (a), is title X of Pub. L. 111-203, 124 Stat. 1955, known as the Consumer Financial Protection Act of 2010, which enacted this subchapter and enacted, amended, and repealed numerous other sections and notes in the Code. For complete classification of title X to the Code, see Short Title note set out under section 5301 of this title and Tables.

Director

The term "Director" means the Director of the Bureau.

consumer

The term "consumer" means an individual or an agent, trustee, or representative acting on behalf of an individual.