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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. § 5373 International policy coordination us united_states_code code_section 12 BANKS AND BANKING 53 WALL STREET REFORM AND CONSUMER PROTECTION 5373 12 U.S.C. § 5373 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/s5373 data/legal/raw/us/code/title-12/usc12.xml d04823984b5a9a9405d3bc5c4d4d44f9bb8f932d57f40b1266dfac88d2754946 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 2fa8e210feab3d5ac3815005123a59dbbb95bf3287cb3a1760f4b3a8efa0384c 2026-07-04 official
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12 U.S.C. § 5373 - International policy coordination

Text

(a) By the President The President, or a designee of the President, may coordinate through all available international policy channels, similar policies as those found in United States law relating to limiting the scope, nature, size, scale, concentration, and interconnectedness of financial companies, in order to protect financial stability and the global economy.

(b) By the Council The Chairperson of the Council, in consultation with the other members of the Council, shall regularly consult with the financial regulatory entities and other appropriate organizations of foreign governments or international organizations on matters relating to systemic risk to the international financial system.

(c) By the Board of Governors and the Secretary The Board of Governors and the Secretary shall consult with their foreign counterparts and through appropriate multilateral organizations to encourage comprehensive and robust prudential supervision and regulation for all highly leveraged and interconnected financial companies.

(Pub. L. 111203, title I, § 175, July 21, 2010, 124 Stat. 1442.)