§ 5585 - Incidental transfers

CHAPTER 53— WALL STREET REFORM AND CONSUMER PROTECTION › SUBCHAPTER V— BUREAU OF CONSUMER FINANCIAL PROTECTION

(a) 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, [Fn: See References in Text note below.] as the Director may determine necessary to accomplish the purposes of this title.

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

Notes

Editorial Notes

References in Text

This title, referred to in subsec. (a), is title X of Pub. L. 111–203, July 21, 2010, 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1955, known as the Consumer Financial Protection Act of 2010, which enacted this subchapter and enacted, amended, and repealed numerous other sections and notes in the Code.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.