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34 U.S.C. § 41501 — Financial institutions fraud task forces

Federal law — U.S. Code and appendices · legal_authorities

34 U.S.C. § 41501 — Financial institutions fraud task forces

**(a) Establishment** The Attorney General shall establish such financial institutions fraud task forces as the Attorney General deems appropriate to ensure that adequate resources are made available to investigate and prosecute crimes in or against financial institutions and to recover the proceeds of unlawful activities from persons who have committed fraud or have engaged in other criminal activity in or against the financial services industry. **(b) Supervision** The Attorney General shall determine how each task force shall be supervised and may provide for the supervision of any task force by the Special Counsel. **(c) Senior interagency group** (1) **Establishment** — The Attorney General shall establish a senior interagency group to assist in identifying the most significant financial institution fraud cases and in allocating investigative and prosecutorial resources where they are most needed. (2) **Membership** — The senior interagency group shall be chaired by the Special Counsel and shall include senior officials from— (A) the Department of Justice, including representatives of the Federal Bureau of Investigation, the Advisory Committee of United States Attorneys, and other relevant entities; (B) the Department of the Treasury; (C) the Federal Deposit Insurance Corporation; (D) the Office of the Comptroller of the Currency; (E) the Board of Governors of the Federal Reserve System; and (F) the National Credit Union Administration. (3) **Duties** — This senior interagency group shall enhance interagency coordination and assist in accelerating the investigations and prosecution of financial institutions fraud.

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Source file: Laws/federal/codes/united-states-code/title-34/section-41501-financial-institutions-fraud-task-forces--30d609ab92.md
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Source location: Title 34, Chapter 415, § 41501; chapter-415-resource-centers-task-forces-databases-and-programs.md

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Federal law — U.S. Code and appendices · legal_authorities

28 U.S.C. § 509 — Functions of the Attorney General

All functions of other officers of the Department of Justice and all functions of agencies and employees of the Department of Justice are vested in the Attorney General except the functions— (1) vested by subchapter II of chapter 5 of title 5 in administrative law judges employed by the Department of Justice; (2) of the Federal Prison Industries, Inc.; and (3) of the Board of Directors and officers of the Federal Prison Industries, Inc.

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Federal law — U.S. Code and appendices · legal_authorities

2 U.S.C. § 906 — General and special sequestration rules

**(a) Repealed. Pub. L. 111–139, title I, § 10(a), Feb. 12, 2010, 124 Stat. 21** **(b) Student loans** For all student loans under part B or D of title IV of the Higher Education Act of 1965 [[20 U.S.C. 1071](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1071&num=0&edition=prelim) et seq., 1087a et seq.] made during the period when a sequestration order under [section 904 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section904&num=0&edition=prelim) is in effect as required by section 902 or 903 of this title, origination fees under sections 438(c)(2) and (6) and 455(c) [[20 U.S.C. 1087–1(c)(2)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1087–1/c/2&num=0&edition=prelim), (6), 1087e(c)] and loan processing and issuance fees under section 428(f)(1)(A)(ii) of that Act [[20 U.S.C. 1078(f)(1)(A)(ii)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1078/f/1/A/ii&num=0&edition=prelim)] shall each be increased by the uniform percentage specified in that sequestration order, and, for student loans originated during the period of the sequestration, special allowance payments under section 438(b) of that Act [[20 U.S.C. 1087–1(b)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title20-section1087–1/b&num=0&edition=prelim)] accruing during the period of the sequestration shall be reduced by the uniform percentage specified in that sequestration order. **(c) Repealed. Pub. L. 111–139, title I, § 10(c), Feb. 12, 2010, 124 Stat. 22** **(d) Special rules for Medicare program** (1) **Calculation of reduction in payment amounts** — To achieve the total percentage reduction in those programs required by section 902 or 903 of this title, subject

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 5401 — Disposition of affairs

**(a) Authority of Director** During the 90-day period beginning on the transfer date, the Director of the Office of Thrift Supervision— (1) shall, solely for the purpose of winding up the affairs of the Office of Thrift Supervision relating to any function transferred to the Office of the Comptroller of the Currency, the Corporation, or the Board of Governors under this title— 11 See References in Text note below. (A) manage the employees of the Office of Thrift Supervision who have not yet been transferred and provide for the payment of the compensation and benefits of the employees that accrue before the date on which the employees are transferred under this title; 1 and (B) manage any property of the Office of Thrift Supervision, until the date on which the property is transferred under [section 5433 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section5433&num=0&edition=prelim); and (2) may take any other action necessary to wind up the affairs of the Office of Thrift Supervision. **(b) Status of Director** (1) **In general** — Notwithstanding the transfer of functions under this part, during the 90-day period beginning on the transfer date, the Director of the Office of Thrift Supervision shall retain and may exercise any authority vested in the Director of the Office of Thrift Supervision on the day before the transfer date, only to the extent necessary— (A) to wind up the Office of Thrift Supervision; and (B) to carry out the transfer under this part during such 90-day period. (2) **Other provisions** — For purposes of paragraph (1), the Director of the Office of Thrift Supervision shall, during the 90-day period beginning on the transfer date, continue to be— (A) treated as an officer of the United State

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 5402 — Continuation of services

Any agency, department, or other instrumentality of the United States, and any successor to any such agency, department, or instrumentality, that was, before the transfer date, providing support services to the Office of Thrift Supervision in connection with functions transferred to the Office of the Comptroller of the Currency, the Corporation or the Board of Governors under this title,11 See References in Text note below. shall— (1) continue to provide such services, subject to reimbursement by the Office of the Comptroller of the Currency, the Corporation, or the Board of Governors, until the transfer of functions under this title 1 is complete; and (2) consult with the Comptroller of the Currency, the Chairperson of the Corporation, or the Chairman of the Board of Governors, as appropriate, to coordinate and facilitate a prompt and orderly transition.

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 5414 — Purposes

The purposes of this title 11 See References in Text note below. are— (1) to provide for the safe and sound operation of the banking system of the United States; (2) to preserve and protect the dual system of Federal and State-chartered depository institutions; (3) to ensure the fair and appropriate supervision of each depository institution, regardless of the size or type of charter of the depository institution; and (4) to streamline and rationalize the supervision of depository institutions and the holding companies of depository institutions.

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 5415 — Definition

In this title,11 See References in Text note below. the term “transferred employee” means, as the context requires, an employee transferred to the Office of the Comptroller of the Currency or the Corporation under [section 5432 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section5432&num=0&edition=prelim).

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 5416 — Transfer date

**(a) Transfer date** Except as provided in subsection (b), the term “transfer date” means the date that is 1 year after July 21, 2010. **(b) Extension permitted** (1) **Notice required** — The Secretary, in consultation with the Comptroller of the Currency, the Director of the Office of Thrift Supervision, the Chairman of the Board of Governors, and the Chairperson of the Corporation, may extend the period under subsection (a) and designate a transfer date that is not later than 18 months after July 21, 2010, if the Secretary transmits to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives— (A) a written determination that commencement of the orderly process to implement this title 11 See References in Text note below. is not feasible by the date that is 1 year after July 21, 2010; (B) an explanation of why an extension is necessary to commence the process of orderly implementation of this title; 1 (C) the transfer date designated under this subsection; and (D) a description of the steps that will be taken to initiate the process of an orderly and timely implementation of this title 1 within the extended time period. (2) **Publication of notice** — Not later than 270 days after July 21, 2010, the Secretary shall publish in the Federal Register notice of any transfer date designated under paragraph (1).

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 5433 — Savings provisions

**(a) Office of Thrift Supervision** (1) **Existing rights, duties, and obligations not affected** — Sections 5412(b) and 5413 of this title shall not affect the validity of any right, duty, or obligation of the United States, the Director of the Office of Thrift Supervision, the Office of Thrift Supervision, or any other person, that existed on the day before the transfer date. (2) **Continuation of suits** — This title 11 See References in Text note below. shall not abate any action or proceeding commenced by or against the Director of the Office of Thrift Supervision or the Office of Thrift Supervision before the transfer date, except that— (A) for any action or proceeding arising out of a function of the Office of Thrift Supervision or the Director of the Office of Thrift Supervision transferred to the Board of Governors by this title,1 the Board of Governors shall be substituted for the Office of Thrift Supervision or the Director of the Office of Thrift Supervision as a party to the action or proceeding on and after the transfer date; (B) for any action or proceeding arising out of a function of the Office of Thrift Supervision or the Director of the Office of Thrift Supervision transferred to the Office of the Comptroller of the Currency or the Comptroller of the Currency by this title,1 the Office of the Comptroller of the Currency or the Comptroller of the Currency shall be substituted for the Office of Thrift Supervision or the Director of the Office of Thrift Supervision, as the case may be, as a party to the action or proceeding on and after the transfer date; and (C) for any action or proceeding arising out of a function of the Office of Thrift Supervision or the Director of the Office of Thrift Supervision transferred to the Corporation by this

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 5436 — Interim use of funds, personnel, and property of the Office of Thrift Supervision

**(a) In general** Before the transfer date, the Office of the Comptroller of the Currency, the Corporation, and the Board of Governors shall— (1) consult and cooperate with the Office of Thrift Supervision to facilitate the orderly transfer of functions to the Office of the Comptroller of the Currency, the Corporation, and the Board of Governors in accordance with this title; 11 See References in Text note below. (2) determine jointly, from time to time— (A) the amount of funds necessary to pay any expenses associated with the transfer of functions (including expenses for personnel, property, and administrative services) during the period beginning on July 21, 2010, and ending on the transfer date; (B) which personnel are appropriate to facilitate the orderly transfer of functions by this title; 1 and (C) what property and administrative services are necessary to support the Office of the Comptroller of the Currency, the Corporation, and the Board of Governors during the period beginning on July 21, 2010, and ending on the transfer date; and (3) take such actions as may be necessary to provide for the orderly implementation of this title.1 **(b) Agency consultation** When requested jointly by the Office of the Comptroller of the Currency, the Corporation, and the Board of Governors to do so before the transfer date, the Office of Thrift Supervision shall— (1) pay to the Office of the Comptroller of the Currency, the Corporation, or the Board of Governors, as applicable, from funds obtained by the Office of Thrift Supervision through assessments, fees, or other charges that the Office of Thrift Supervision is authorized by law to impose, such amounts as the Office of the Comptroller of the Currency, the Corporation, and the Board of Governors jointly deter

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 5437 — Transfer of employees

**(a) In general** (1) **Office of Thrift Supervision employees** (A) *In general* — Except as provided in [section 5584 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section5584&num=0&edition=prelim), all employees of the Office of Thrift Supervision shall be transferred to the Office of the Comptroller of the Currency or the Corporation for employment in accordance with this section. (B) *Allocating employees for transfer to receiving agencies* — The Director of the Office of Thrift Supervision, the Comptroller of the Currency, and the Chairperson of the Corporation shall— (i) jointly determine the number of employees of the Office of Thrift Supervision necessary to perform or support the functions that are transferred to the Office of the Comptroller of the Currency or the Corporation by this title; 11 See References in Text note below. and (ii) consistent with the determination under clause (i), jointly identify employees of the Office of Thrift Supervision for transfer to the Office of the Comptroller of the Currency or the Corporation. (2) **Employees transferred; service periods credited** — For purposes of this section, periods of service with a Federal home loan bank, a joint office of Federal home loan banks, or a Federal reserve bank shall be credited as periods of service with a Federal agency. (3) **Appointment authority for excepted service transferred** (A) *In general* — Except as provided in subparagraph (B), any appointment authority of the Office of Thrift Supervision under Federal law that relates to the functions transferred under [section 5412 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section5412&num=0&edition=prelim), including the regulations of

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