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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. § 5239 Recoupment us united_states_code code_section 12 BANKS AND BANKING 52 EMERGENCY ECONOMIC STABILIZATION 5239 12 U.S.C. § 5239 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/s5239 data/legal/raw/us/code/title-12/usc12.xml 4c038136be79a9f07abf139ba20040e7021b2e2eb265a31c9add327c0a0f1a38 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa fa1a02e8d279e5de088a1ed6f8863653a845f59cf9fa6a193f8e71cc30ee355c 2026-07-04 official
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12 U.S.C. § 5239 - Recoupment

Text

Upon the expiration of the 5-year period beginning upon October 3, 2008, the Director of the Office of Management and Budget, in consultation with the Director of the Congressional Budget Office, shall submit a report to the Congress on the net amount within the Troubled Asset Relief Program under this chapter. In any case where there is a shortfall, the President shall submit a legislative proposal that recoups from the financial industry an amount equal to the shortfall in order to ensure that the Troubled Asset Relief Program does not add to the deficit or national debt.

(Pub. L. 110343, div. A, title I, § 134, Oct. 3, 2008, 122 Stat. 3798.)

Notes

Editorial Notes

References in TextThis chapter, referred to in text, 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.