12 U.S.C. 1811The Corporation shall, in consultation with the Council, prescribe such rules or regulations as the Corporation considers necessary or appropriate to implement this subchapter, including rules and regulations with respect to the rights, interests, and priorities of creditors, counterparties, security entitlement holders, or other persons with respect to any covered financial company or any assets or other property of or held by such covered financial company, and address the potential for conflicts of interest between or among individual receiverships established under this subchapter or under the Federal Deposit Insurance Act [ et seq.]. To the extent possible, the Corporation shall seek to harmonize applicable rules and regulations promulgated under this section with the insolvency laws that would otherwise apply to a covered financial company.
Pub. L. 111–203, title II, § 209124 Stat. 1460(, , .)
Editorial Notes
References in Text
Pub. L. 111–203124 Stat. 1442This subchapter, referred to in text, was in the original “this title”, meaning title II of , , , which is classified principally to this subchapter. For complete classification of title II to the Code, see Tables.
act Sept. 21, 1950, ch. 967, § 264 Stat. 873section 1811 of this titleThe Federal Deposit Insurance Act, referred to in text, is , , which is classified generally to chapter 16 (§ 1811 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under and Tables.
Statutory Notes and Related Subsidiaries
Effective Date
section 4 of Pub. L. 111–203section 5301 of this titleSection effective 1 day after , except as otherwise provided, see , set out as a note under .