To encourage the application of uniform examination principles and standards by State and Federal supervisory agencies, the Council shall establish a liaison committee composed of five representatives of State agencies which supervise financial institutions which shall meet at least twice a year with the Council. Members of the liaison committee shall receive a reasonable allowance for necessary expenses incurred in attending meetings. Members of the Liaison Committee shall elect a chairperson from among the members serving on the committee.
Pub. L. 95–630, title X, § 100792 Stat. 3696Pub. L. 109–351, title VII, § 714(b)120 Stat. 1995(, , ; , , .)
Editorial Notes
Amendments
Pub. L. 109–3512006— inserted at end “Members of the Liaison Committee shall elect a chairperson from among the members serving on the committee.”
Statutory Notes and Related Subsidiaries
Effective Date
section 2101 of Pub. L. 95–630section 375b of this titleSection effective upon the expiration of 120 days after , see , set out as a note under .