12 U.S.C. § 1833b | Comparability in compensation schedules

(a)

In general

1 So in original. Probably should be “Research, the Bureau of Consumer Financial Protection, and the”.

The Federal Deposit Insurance Corporation, the Comptroller of the Currency, the National Credit Union Administration Board, the Federal Housing Finance Agency, the Office of Financial Research, and the Bureau of Consumer Financial Protection, the  Farm Credit Administration, in establishing and adjusting schedules of compensation and benefits which are to be determined solely by each agency under applicable provisions of law, shall inform the heads of the other agencies and the Congress of such compensation and benefits and shall seek to maintain comparability regarding compensation and benefits.

(b)

Commodity Futures Trading Commission

In establishing and adjusting schedules of compensation and benefits for employees of the Commodity Futures Trading Commission under applicable provisions of law, the Commission shall—

(1)

inform the heads of the agencies referred to in subsection (a) and Congress of such compensation and benefits; and

(2)

seek to maintain comparability with those agencies regarding compensation and benefits.

Pub. L. 101–73, title XII, § 1206Aug. 9, 1989103 Stat. 523 Pub. L. 102–233, title III, § 302(a)Dec. 12, 1991105 Stat. 1767 Pub. L. 107–123, § 8(d)(3)Jan. 16, 2002115 Stat. 2400 Pub. L. 107–171, title X, § 10702(b)May 13, 2002116 Stat. 516 Pub. L. 111–203, title I, § 152(d)(3)July 21, 2010124 Stat. 1414 (, , ; , , ; , , ; , , ; , title III, § 367(8), , , 1557.)

Editorial Notes

Codification

Section was enacted as part of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, and not as part of the Federal Deposit Insurance Act which comprises this chapter.

Amendments

Pub. L. 111–203, § 367(8)(B)Pub. L. 111–203, § 152(d)(3)(B)2010—Subsec. (a). , which directed striking out “, and the Office of Thrift Supervision” could not be executed because those words did not appear subsequent to amendment by . See below.

Pub. L. 111–203, § 367(8)(A)Pub. L. 107–123 section 302(a) of Pub. L. 102–233, which directed substitution of “Agency, and” for “Board, the Oversight Board of the Resolution Trust Corporation”, was executed by substituting “Agency” for “Board” after “Federal Housing Finance”, to reflect the probable intent of Congress and the amendments made by and . See 2002 Amendment note and Change of Name note below.

Pub. L. 111–203, § 152(d)(3), substituted “Finance Board, the Office of Financial Research, and the Bureau of Consumer Financial Protection” for “Finance Board,” and struck out “and the Office of Thrift Supervision,” after “Credit Administration,”.

Pub. L. 107–1712002— designated existing provisions as subsec. (a), inserted heading, and added subsec. (b).

Pub. L. 107–123 struck out “the Thrift Depositor Protection Oversight Board of the Resolution Trust Corporation” after “Federal Housing Finance Board,”.

Statutory Notes and Related Subsidiaries

Change of Name

Feb. 1, 1992section 302(a) of Pub. L. 102–233 section 1441a of this title Pub. L. 105–216 section 1441a of this titleOversight Board redesignated Thrift Depositor Protection Oversight Board, effective , see , formerly set out as a note under . Thrift Depositor Protection Oversight Board abolished, see section 14(a)–(d) of , formerly set out as a note under .

Effective Date of 2010 Amendment

Pub. L. 111–203July 21, 2010section 4 of Pub. L. 111–203 section 5301 of this titleAmendment by section 152(d)(3)of effective 1 day after , except as otherwise provided, see , set out as an Effective Date note under .

section 367(8) of Pub. L. 111–203 section 351 of Pub. L. 111–203 section 906 of Title 2Amendment by effective on the transfer date, see , set out as a note under , The Congress.

Effective Date of 2002 Amendment

Pub. L. 107–123Oct. 1, 2001section 11 of Pub. L. 107–123 section 78ee of Title 15Amendment by effective , see , set out as a note under , Commerce and Trade.