US Code

Public Law 119-73 (01/23/2026)

12 U.S.C. § 5364

Prohibition against management interlocks between certain financial companies

1

1 So in original. Probably should be “Institution”.
12 U.S.C. 32012
2 So in original. There is no section 7 of such Act.
12 U.S.C. 3207A nonbank financial company supervised by the Board of Governors shall be treated as a bank holding company for purposes of the Depository Institutions  Management Interlocks Act ( et seq.), except that the Board of Governors shall not exercise the authority provided in section 7  of that Act () to permit service by a management official of a nonbank financial company supervised by the Board of Governors as a management official of any bank holding company with total consolidated assets equal to or greater than $250,000,000,000, or other nonaffiliated nonbank financial company supervised by the Board of Governors (other than to provide a temporary exemption for interlocks resulting from a merger, acquisition, or consolidation).

Pub. L. 111–203, title I, § 164124 Stat. 1423Pub. L. 115–174, title IV, § 401(c)(1)(F)132 Stat. 1358(, , ; , , .)

Editorial Notes

References in Text

Pub. L. 95–63092 Stat. 3672section 3201 of this titleThe Depository Institution Management Interlocks Act, referred to in text, is title II of , , , which is classified principally to chapter 33 (§ 3201 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under and Tables.

Amendments

Pub. L. 115–1742018— substituted “$250,000,000,000” for “$50,000,000,000”.

Statutory Notes and Related Subsidiaries

Effective Date of 2018 Amendment

Pub. L. 115–174section 401(d) of Pub. L. 115–174section 5365 of this titleExcept as otherwise provided, amendment by effective 18 months after , see , set out as a note under .

Construction of 2018 Amendment

Pub. L. 115–174section 401(g) of Pub. L. 115–174section 5365 of this titleFor construction of amendment by as applied to certain foreign banking organizations, see , set out as a note under .