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12 U.S.C. § 5432 — Abolishment
Federal law — U.S. Code and appendices · legal_authorities
Effective 90 days after the transfer date, the Office of Thrift Supervision and the position of Director of the Office of Thrift Supervision are abolished.
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Source file: Laws/federal/codes/united-states-code/title-12/section-5432-abolishment--77e9ef91dd.md
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Source location: Title 12, Chapter 53, § 5432; chapter-053-wall-street-reform-and-consumer-protection.md
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Effective 90 days after the transfer date, the Office of Thrift Supervision and the position of Director of the Office of Thrift Supervision are abolished.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Secretary is authorized to promulgate regulations to implement and administer the grant programs and undertakings authorized by this subchapter.
**(b) Regulatory authority** Regulations prescribed under this section may contain such classifications, differentiations, or other provisions, and may provide for such adjustments and exceptions for any class of grant programs, undertakings, or eligible entities, as, in the judgment of the Secretary, are necessary or proper to effectuate the purposes of this subchapter, to prevent circumvention or evasion of this subchapter, or to facilitate compliance with this subchapter.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 5301
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Federal law — U.S. Code and appendices · legal_authorities
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).
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 5415
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Federal law — U.S. Code and appendices · legal_authorities
Page 1919
TITLE 12—BANKS AND BANKING
§ 5432
1 See References in Text note below.
1014, and 1032 of Title 18, Crimes and Criminal Proce-
dure, sections 321 and 714 of Title 31, Money and Fi-
nance, section 41501 of Title 34, Crime Control and Law
Enforcement, sections 4003 and 8105 of Title 42, The
Public Health and Welfare, and section 3502 of Title 44,
Public Printing and Documents, repealed section 1441a
of this title, enacted provisions set out as notes under
sections 1, 16, 1438, 1787, 1812, 1817, and 1821 of this title
and section 906 of Title 2, and amended provisions set
out as notes under sections 1437, 1463, 1464, 1467a, 1707,
1812, and 1818 of this title. For complete classification
of title III to the Code, see Short title note set out
under section 5301 of this title and Tables.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE
Section effective 1 day after July 21, 2010, except as
otherwise provided, see section 4 of Pub. L. 111–203, set
out as a note under section 5301 of this title.
§ 5432. Transfer of employees
(a) In general
(1) Office of Thrift Supervision employees
(A) In general
Except as provided in section 5584 of this
title, 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 re-
ceiving agencies
The Director of the Office of Thrift Super-
vision, the Comptroller of the Currency, and
the Chairperson of the Corporation shall—
(i) jointly determine the number of em-
ployees of the Office of Thrift Supervision
necessary to perform or support the func-
tions that are transferred to the Office of
the Comptroller of the Currency or the
Corporat
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 5432
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