2014 US Code
Title 12 - Banks and Banking (Sections 1 - 5710)
Chapter 53 - Wall Street Reform and Consumer Protection (Sections 5301 - 5641)
Subchapter V - Bureau of Consumer Financial Protection (Sections 5481 - 5603)
Part F - Transfer of Functions and Personnel; Transitional Provisions (Sections 5581 - 5587)
Sec. 5585 - Incidental transfers

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Metadata
Publication TitleUnited States Code, 2012 Edition, Supplement 2, Title 12 - BANKS AND BANKING
CategoryBills and Statutes
CollectionUnited States Code
SuDoc Class NumberY 1.2/5:
Contained WithinTitle 12 - BANKS AND BANKING
CHAPTER 53 - WALL STREET REFORM AND CONSUMER PROTECTION
SUBCHAPTER V - BUREAU OF CONSUMER FINANCIAL PROTECTION
Part F - Transfer of Functions and Personnel; Transitional Provisions
Sec. 5585 - Incidental transfers
Containssection 5585
Date2014
Laws In Effect As Of DateJanuary 5, 2015
Positive LawNo
Dispositionstandard
Source CreditPub. L. 111-203, title X, §1065, July 21, 2010, 124 Stat. 2055.
Statutes at Large References124 Stat. 2055, 1955
Public and Private LawsPublic Law 111-203

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12 U.S.C. § 5585 (2014)
§5585. Incidental transfers(a) Incidental transfers authorized

The Director of the Office of Management and Budget, in consultation with the Secretary, shall make such additional incidental transfers and dispositions of assets and liabilities held, used, arising from, available, or to be made available, in connection with the functions transferred by this title,1 as the Director may determine necessary to accomplish the purposes of this title.1

(b) Sunset

The authority provided in this section shall terminate 5 years after July 21, 2010.

(Pub. L. 111–203, title X, §1065, July 21, 2010, 124 Stat. 2055.)

REFERENCES IN TEXT

This title, referred to in subsec. (a), is title X of Pub. L. 111–203, July 21, 2010, 124 Stat. 1955, known as the Consumer Financial Protection Act of 2010, which enacted this subchapter and enacted, amended, and repealed numerous other sections and notes in the Code. For complete classification of title X to the Code, see Short Title note set out under section 5301 of this title and Tables.

1 See References in Text note below.

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