12 U.S.C. § 5411 | Transfer date

(a)

Transfer date

July 21, 2010Except as provided in subsection (b), the term “transfer date” means the date that is 1 year after .

(b)

Extension permitted

(1)

Notice required

July 21, 2010The Secretary, in consultation with the Comptroller of the Currency, the Director of the Office of Thrift Supervision, the Chairman of the Board of Governors, and the Chairperson of the Corporation, may extend the period under subsection (a) and designate a transfer date that is not later than 18 months after , if the Secretary transmits to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives—

(A)

1 See References in Text note below.

July 21, 2010 a written determination that commencement of the orderly process to implement this title  is not feasible by the date that is 1 year after ;

(B)

¹ an explanation of why an extension is necessary to commence the process of orderly implementation of this title; 

(C)

the transfer date designated under this subsection; and

(D)

¹ a description of the steps that will be taken to initiate the process of an orderly and timely implementation of this title  within the extended time period.

(2)

Publication of notice

July 21, 2010Not later than 270 days after , the Secretary shall publish in the Federal Register notice of any transfer date designated under paragraph (1).

Pub. L. 111–203, title III, § 311July 21, 2010124 Stat. 1520(, , .)

Editorial Notes

References in Text

Pub. L. 111–203July 21, 2010124 Stat. 1520 section 906 of Title 2losection 41501 of Title 34 section 3502 of Title 44 section 1441a of this title section 906 of Title 2 section 5301 of this titleThis title, referred to in subsec. (b)(1)(A), (B), (D), is title III of , , , 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, , The Congress, sections 78c, 78, 78–5, and 78w of Title 15, Commerce and Trade, sections 212, 657, 981, 982, 1006, 1014, and 1032 of Title 18, Crimes and Criminal Procedure, sections 321 and 714 of Title 31, Money and Finance, , Crime Control and Law Enforcement, sections 4003 and 8105 of Title 42, The Public Health and Welfare, and , Public Printing and Documents, repealed , enacted provisions set out as notes under sections 1, 16, 1438, 1787, 1812, 1817, and 1821 of this title and , 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 and Tables.

Statutory Notes and Related Subsidiaries

Effective Date

July 21, 2010section 4 of Pub. L. 111–203 section 5301 of this titleSection effective 1 day after , except as otherwise provided, see , set out as a note under .