12 USC 5437 - Implementation plan and reports

U.S Code last checked for updates: Nov 23, 2024

§ 5437.

Implementation plan and reports

(a)

Plan submission

(b)

Inspectors General review of the plan

Within 60 days of receiving the plan required under subsection (a), the Inspectors General of the Department of the Treasury, the Corporation, and the Board of Governors shall jointly provide a written report to the Board of Governors, the Corporation, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision and shall submit a copy to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives detailing whether the plan conforms with the provisions of sections 301 through 326,¹ and the provisions of the amendments made by such sections, including—

(1)

whether the plan sufficiently takes into consideration the orderly transfer of personnel;

(2)

whether the plan describes procedures and safeguards to ensure that the Office of Thrift Supervision employees are not unfairly disadvantaged relative to employees of the Office of the Comptroller of the Currency and the Corporation;

(3)

whether the plan sufficiently takes into consideration the orderly transfer of authority and responsibilities;

(4)

whether the plan sufficiently takes into consideration the effective transfer of funds;

(5)

whether the plan sufficiently takes in 2

 So in original. Probably should be “into”.

consideration the orderly transfer of property; and

(6)

any additional recommendations for an orderly and effective process.

(c)

Implementation reports

(Pub. L. 111–203, title III, § 327, July 21, 2010, 124 Stat. 1537.)

cite as: 12 USC 5437