12 USC 5222: Coordination with foreign authorities and central banks
Text contains those laws in effect on November 16, 2024
From Title 12-BANKS AND BANKINGCHAPTER 52-EMERGENCY ECONOMIC STABILIZATIONSUBCHAPTER I-TROUBLED ASSETS RELIEF PROGRAM
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§5222. Coordination with foreign authorities and central banks
The Secretary shall coordinate, as appropriate, with foreign financial authorities and central banks to work toward the establishment of similar programs by such authorities and central banks. To the extent that such foreign financial authorities or banks hold troubled assets as a result of extending financing to financial institutions that have failed or defaulted on such financing, such troubled assets qualify for purchase under section 5211 of this title.
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