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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 5218 Conflicts of interest us united_states_code code_section 12 BANKS AND BANKING 52 EMERGENCY ECONOMIC STABILIZATION 5218 12 U.S.C. § 5218 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s5218 data/legal/raw/us/code/title-12/usc12.xml b438decb794c8b046a95fcf358482c99b2d2ff0a074728bbc5d4e818a6385158 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 529399e28584ea9280377db23a7baabf631fb38b67f3afac459070d0b1a6f8fa 2026-07-04 official
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12 U.S.C. § 5218 - Conflicts of interest

Text

(a) Standards required The Secretary shall issue regulations or guidelines necessary to address and manage or to prohibit conflicts of interest that may arise in connection with the administration and execution of the authorities provided under this chapter, including—

(1) conflicts arising in the selection or hiring of contractors or advisors, including asset managers;

(2) the purchase of troubled assets;

(3) the management of the troubled assets held;

(4) post-employment restrictions on employees; and

(5) any other potential conflict of interest, as the Secretary deems necessary or appropriate in the public interest.

(b) Timing Regulations or guidelines required by this section shall be issued as soon as practicable after October 3, 2008.

(Pub. L. 110343, div. A, title I, § 108, Oct. 3, 2008, 122 Stat. 3774.)

Notes

Editorial Notes

References in TextThis chapter, referred to in subsec. (a), was in the original “this Act” and was translated as reading “this division”, meaning div. A of Pub. L. 110343, Oct. 3, 2008, 122 Stat. 3765, known as the Emergency Economic Stabilization Act of 2008, to reflect the probable intent of Congress. For complete classification of division A to the Code, see Short Title note set out under section 5201 of this title and Tables.