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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. § 5222 Coordination with foreign authorities and central banks us united_states_code code_section 12 BANKS AND BANKING 52 EMERGENCY ECONOMIC STABILIZATION 5222 12 U.S.C. § 5222 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/s5222 data/legal/raw/us/code/title-12/usc12.xml 8d042d18da7497ad0ca992459d484b12ffed022d49291e82d0d048d321b8fce2 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 4305cbda87fffdf7fcb8f439d281fb26d91f191b995557fe684977a0027b3815 2026-07-04 official
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12 U.S.C. § 5222 - Coordination with foreign authorities and central banks

Text

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.

(Pub. L. 110343, div. A, title I, § 112, Oct. 3, 2008, 122 Stat. 3777.)