1994 US Code
Title 12 - BANKS AND BANKING
CHAPTER 2 - NATIONAL BANKS
SUBCHAPTER II_2 - SUBCHAPTER II-BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
Sec. 250 - Independence of financial regulatory agencies

No officer or agency of the United States shall have any authority to require the Securities and Exchange Commission, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Comptroller of the Currency, the Director of the Office of Thrift Supervision, or the National Credit Union Administration to submit legislative recommendations, or testimony, or comments on legislation, to any officer or agency of the United States for approval, comments, or review, prior to the submission of such recommendations, testimony, or comments to the Congress if such recommendations, testimony, or comments to the Congress include a statement indicating that the views expressed therein are those of the agency submitting them and do not necessarily represent the views of the President.

(Pub. L. 93–495, title I, §111, Oct. 28, 1974, 88 Stat. 1506; Pub. L. 101–73, title VII, §744(j), Aug. 9, 1989, 103 Stat. 439; Pub. L. 103–325, title III, §331(a), Sept. 23, 1994, 108 Stat. 2232.)

Section was not enacted as part of the Federal Reserve Act which comprises this chapter.

1994—Pub. L. 103–325 inserted “the Comptroller of the Currency,” after “Federal Deposit Insurance Corporation,”.

1989—Pub. L. 101–73, which directed that section 3 of Pub. L. 93–495 be amended by substituting “Director of the Office of Thrift Supervision” for “Federal Home Loan Bank Board”, was executed to section 111 of Pub. L. 93–495, which is classified to this section, as the probable intent of Congress.