Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
70 lines
3.3 KiB
Markdown
70 lines
3.3 KiB
Markdown
---
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type: "LegalText"
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title: "12 U.S.C. § 5329"
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description: "Resolution of supervisory jurisdictional disputes among member agencies"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 12
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title_name: "BANKS AND BANKING"
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chapter_number: "53"
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chapter_name: "WALL STREET REFORM AND CONSUMER PROTECTION"
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section: "5329"
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citation: "12 U.S.C. § 5329"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
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source_identifier: "/us/usc/t12/s5329"
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source_file: "data/legal/raw/us/code/title-12/usc12.xml"
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source_hash: "adde2fe4c44578754cc3515e73ef0fdb9ee955c52ab0092460ade547627d20aa"
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raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
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text_hash: "533c233bc6f0f4ab6fa04a8d6da51117456452091c9de6d63e6fe20c5dd54f7e"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 12 U.S.C. § 5329 - Resolution of supervisory jurisdictional disputes among member agencies
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## Text
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(a) Request for Council recommendation The Council shall seek to resolve a dispute among 2 or more member agencies, if—
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(1) a member agency has a dispute with another member agency about the respective jurisdiction over a particular bank holding company, nonbank financial company, or financial activity or product (excluding matters for which another dispute mechanism specifically has been provided under title X); 11 See References in Text note below.
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(2) the Council determines that the disputing agencies cannot, after a demonstrated good faith effort, resolve the dispute without the intervention of the Council; and
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(3) any of the member agencies involved in the dispute—
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(A) provides all other disputants prior notice of the intent to request dispute resolution by the Council; and
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(B) requests in writing, not earlier than 14 days after providing the notice described in subparagraph (A), that the Council seek to resolve the dispute.
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(b) Council recommendation The Council shall seek to resolve each dispute described in subsection (a)—
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(1) within a reasonable time after receiving the dispute resolution request;
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(2) after consideration of relevant information provided by each agency party to the dispute; and
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(3) by agreeing with 1 of the disputants regarding the entirety of the matter, or by determining a compromise position.
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(c) Form of recommendation Any Council recommendation under this section shall—
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(1) be in writing;
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(2) include an explanation of the reasons therefor; and
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(3) be approved by the affirmative vote of ⅔ of the voting members of the Council then serving.
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(d) Nonbinding effect Any recommendation made by the Council under subsection (c) shall not be binding on the Federal agencies that are parties to the dispute.
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(Pub. L. 111–203, title I, § 119, July 21, 2010, 124 Stat. 1408.)
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## Notes
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Editorial Notes
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References in TextTitle X, referred to in subsec. (a)(1), 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 subchapter V (§ 5481 et seq.) of this chapter 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.
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