12 USC 1831g - Contracts between depository institutions and persons providing goods, products, or services

U.S Code last checked for updates: Nov 22, 2024

§ 1831g.

Contracts between depository institutions and persons providing goods, products, or services

(a)

In general

(b)

Rulemaking

(c)

Enforcement

(d)

No private right of action

(e)

Study

(1)

In general

The Attorney General and the Comptroller General of the United States shall jointly conduct a study on the extent to which—

(A)

insured depository institutions are entering into contracts with vendors under which the vendors agree to purchase stock or assets from insured depository institutions or to invest capital in or make deposits in such institutions; and

(B)

if such practices occur, the extent to which such practices are having an anticompetitive effect and should be prohibited.

(2)

Report to Congress

(Sept. 21, 1950, ch. 967, § 2[30], as added Pub. L. 101–73, title II, § 225, Aug. 9, 1989, 103 Stat. 275; amended Pub. L. 103–325, title VI, § 602(a)(59), Sept. 23, 1994, 108 Stat. 2291.)

cite as: 12 USC 1831g