12 U.S.C. § 5436 — Continuation of services

Page 1924 TITLE 12—BANKS AND BANKING § 5436 1 See References in Text note below. 1 See References in Text note below. ing the 90-day period beginning on the transfer date, continue to be— (A) treated as an officer of the United States; and (B) entitled to receive compensation at the same annual rate of basic pay that the Di- rector of the Office of Thrift Supervision re- ceived on the day before the transfer date. (Pub. L. 111–203, title III, § 325, July 21, 2010, 124 Stat. 1536.) Editorial Notes REFERENCES IN TEXT This title, where footnoted in subsec. (a)(1), is title III of Pub. L. 111–203, July 21, 2010, 124 Stat. 1520, known as the Enhancing Financial Institution Safety and Soundness Act of 2010, which enacted this subchapter and sections 4b and 16 of this title, amended sections 1, 11, 248, 461, 481, 482, 1438, 1462, 1462a, 1463, to 1464, 1466a, 1467, 1467a, 1468, 1468a, to 1468b, 1470, 1701c, 1701p–1, 1708, 1757, 1785, 1786, 1787, 1812, 1813, 1817, 1818, 1820, 1821, 1823, 1828, 1829, 1831e, 1831j, 1833b, 1833e, 1834, 1841, 1843, 1844, 1861, 1867, 1881, 1882, 1884, 1972, 2709, 2902, 2905, 3206 to 3208, 3332, 4515, and 4517 of this title, section 906 of Title 2, The Congress, sections 78c, 78l, 78o–5, and 78w of Title 15, Commerce and Trade, sections 212, 657, 981, 982, 1006, 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4003 and 8105 of Title 42, The Public Health and Welfare, and section 3502 of Title 44, Public Printing and Documents, repealed section 1441a of this title, enacted provisions set out as notes under sections 1, 16, 1438, 1787, 1812, 1817, and 1821 of this title and section 906 of Title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. § 5436. Continuation of services Any agency, department, or other instrumen- tality of the United States, and any successor to any such agency, department, or instrumen- tality, that was, before the transfer date, pro- viding support services to the Office of Thrift Supervision in connection with functions trans- ferred to the Office of the Comptroller of the Currency, the Corporation or the Board of Gov- ernors under this title,1 shall— (1) continue to provide such services, subject to reimbursement by the Office of the Comp- troller 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 Cur- rency, the Chairperson of the Corporation, or the Chairman of the Board of Governors, as appropriate, to coordinate and facilitate a prompt and orderly transition. (Pub. L. 111–203, title III, § 326, July 21, 2010, 124 Stat. 1537.) Editorial Notes REFERENCES IN TEXT This title, referred to in text, is title III of Pub. L. 111–203, July 21, 2010, 124 Stat. 1520, known as the En- hancing Financial Institution Safety and Soundness Act of 2010, which enacted this subchapter and sections 4b and 16 of this title, amended sections 1, 11, 248, 461, 481, 482, 1438, 1462, 1462a, 1463, to 1464, 1466a, 1467, 1467a, 1468, 1468a, to 1468b, 1470, 1701c, 1701p–1, 1708, 1757, 1785, 1786, 1787, 1812, 1813, 1817, 1818, 1820, 1821, 1823, 1828, 1829, 1831e, 1831j, 1833b, 1833e, 1834, 1841, 1843, 1844, 1861, 1867, 1881, 1882, 1884, 1972, 2709, 2902, 2905, 3206 to 3208, 3332, 4515, and 4517 of this title, section 906 of Title 2, The Congress, sections 78c, 78l, 78o–5, and 78w of Title 15, Commerce and Trade, sections 212, 657, 981, 982, 1006, 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. § 5437. Implementation plan and reports (a) Plan submission Within 180 days of July 21, 2010, the Board of Governors, the Corporation, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision, shall jointly submit a plan to the Committee on Banking, Housing, and Urban Affairs of the Senate, the Committee on Financial Services of the House of Representa- tives, and the Inspectors General of the Depart- ment of the Treasury, the Corporation, and the Board of Governors detailing the steps the Board of Governors, the Corporation, the Office of the Comptroller of the Currency, and the Of- fice of Thrift Supervision will take to imple- ment the provisions of sections 301 through 326,1 and the provisions of the amendments made by such sections. (b) Inspectors General review of the plan Within 60 days of receiving the plan required under subsection (a), the Inspectors General of the Department of the Treasury, the Corpora- tion, and the Board of Governors shall jointly provide a written report to the Board of Gov- ernors, the Corporation, the Office of the Comp- troller of the Currency, and the Office of Thrift Supervision and shall submit a copy to the Com- mittee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives detail- ing whether the plan conforms with the provi- sions of sections 301 through 326,1 and the provi- sions of the amendments made by such sections, including—