Browse Arkansas Code titles and sections
12 U.S.C. § 5215 — Considerations
Federal law — U.S. Code and appendices · legal_authorities
In exercising the authorities granted in this chapter, the Secretary shall take into consideration—
(1) protecting the interests of taxpayers by maximizing overall returns and minimizing the impact on the national debt;
(2) providing stability and preventing disruption to financial markets in order to limit the impact on the economy and protect American jobs, savings, and retirement security;
(3) the need to help families keep their homes and to stabilize communities;
(4) in determining whether to engage in a direct purchase from an individual financial institution, the long-term viability of the financial institution in determining whether the purchase represents the most efficient use of funds under this chapter;
(5) ensuring that all financial institutions are eligible to participate in the program, without discrimination based on size, geography, form of organization, or the size, type, and number of assets eligible for purchase under this chapter;
(6) providing financial assistance to financial institutions, including those serving low- and moderate-income populations and other underserved communities, and that have assets less than $1,000,000,000, that were well or adequately capitalized as of June 30, 2008, and that as a result of the devaluation of the preferred government-sponsored enterprises stock will drop one or more capital levels, in a manner sufficient to restore the financial institutions to at least an adequately capitalized level;
(7) the need to ensure stability for United States public instrumentalities, such as counties and cities, that may have suffered significant increased costs or losses in the current market turmoil;
(8) protecting the retirement security of Americans by purchasing troubled assets held by or on behalf of an eligible re
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 5215
Stored review status: release_metadata_unconfirmed. A text match is a research starting point; applicability is not established.
Original supplied file — preserved unchanged
Download original Markdown file
File SHA-256: 6315565cf1cb982361652d817032a169fa0c9b562c1e79ea1f943807875caeb1. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. Search shows only the selected federal record. Historical editions and unverified snapshots are not a statement of current law.
Authority boundary: historical or unconfirmed source not current law verified.
Open the recorded source website ↗
Record provenance
Stable record: federal_law:legal_authorities:record_usc_3773f5b21f7421a2c0051b58
Source file: Laws/federal/codes/united-states-code/title-12/section-5215-considerations--cc571ef7f1.md
Pages: Not recorded – Not recorded
Passage SHA-256: a0e0bd71310da25333a608297ae6ea8f6c4b6688ef0c320027e07df6ab0b5aa2
Source location: Title 12, Chapter 52, § 5215; chapter-052-emergency-economic-stabilization.md
Stored source content
In exercising the authorities granted in this chapter, the Secretary shall take into consideration—
(1) protecting the interests of taxpayers by maximizing overall returns and minimizing the impact on the national debt;
(2) providing stability and preventing disruption to financial markets in order to limit the impact on the economy and protect American jobs, savings, and retirement security;
(3) the need to help families keep their homes and to stabilize communities;
(4) in determining whether to engage in a direct purchase from an individual financial institution, the long-term viability of the financial institution in determining whether the purchase represents the most efficient use of funds under this chapter;
(5) ensuring that all financial institutions are eligible to participate in the program, without discrimination based on size, geography, form of organization, or the size, type, and number of assets eligible for purchase under this chapter;
(6) providing financial assistance to financial institutions, including those serving low- and moderate-income populations and other underserved communities, and that have assets less than $1,000,000,000, that were well or adequately capitalized as of June 30, 2008, and that as a result of the devaluation of the preferred government-sponsored enterprises stock will drop one or more capital levels, in a manner sufficient to restore the financial institutions to at least an adequately capitalized level;
(7) the need to ensure stability for United States public instrumentalities, such as counties and cities, that may have suffered significant increased costs or losses in the current market turmoil;
(8) protecting the retirement security of Americans by purchasing troubled assets held by or on behalf of an eligible retirement plan described in clause (iii), (iv), (v), or (vi) of [section 402(c)(8)(B) of title 26](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section402/c/8/B&num=0&edition=prelim), except that such authority shall not extend to any compensation arrangements subject to section 409A of such title; and
(9) the utility of purchasing other real estate owned and instruments backed by mortgages on multifamily properties.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
All provisions of this chapter are designated as an emergency requirement and necessary to meet emergency needs pursuant to section 204(a) of S. Con. Res 11 So in original. Probably should be followed by a period. 21 (110th Congress), the concurrent resolution on the budget for fiscal year 2008 and rescissions of any amounts provided in this chapter shall not be counted for purposes of budget enforcement.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 5201
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
Page 1803
TITLE 12—BANKS AND BANKING
§ 5215
on the expiration of the 15-day period beginning
upon the later of—
(1) the date that the last troubled asset ac-
quired by the Secretary under section 5211 of
this title has been sold or transferred out of
the ownership or control of the Federal Gov-
ernment; or
(2) the date of expiration of the last insur-
ance contract issued under section 5212 of this
title.
(Pub. L. 110–343, div. A, title I, § 104, Oct. 3, 2008,
122 Stat. 3770.)
Editorial Notes
REFERENCES IN TEXT
This chapter, referred to in text, was in the original
‘‘this Act’’ and was translated as reading ‘‘this divi-
sion’’, meaning div. A of Pub. L. 110–343, Oct. 3, 2008, 122
Stat. 3765, known as the Emergency Economic Sta-
bilization 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.
§ 5215. Reports
(a) In general
Before the expiration of the 60-day period be-
ginning on the date of the first exercise of the
authority granted in section 5211(a) of this title,
or of the first exercise of the authority granted
in section 5212 of this title, whichever occurs
first, and every 30-day period thereafter, the
Secretary shall report to the appropriate com-
mittees of Congress, with respect to each such
period—
(1) an overview of actions taken by the Sec-
retary, including the considerations required
by section 5213 of this title and the efforts
under section 5219 of this title;
(2) the actual obligation and expenditure of
the funds provided for administrative expenses
by section 5228 of this title during such period
and the expected expenditure of such funds in
the subsequent period; and
(3) a detailed financia
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 5215
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.