2014 US Code
Title 12 - Banks and Banking (Sections 1 - 5710)
Chapter 52 - Emergency Economic Stabilization (Sections 5201 - 5261)
Subchapter I - Troubled Assets Relief Program (Sections 5211 - 5241)
Sec. 5239 - Recoupment

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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 52 - EMERGENCY ECONOMIC STABILIZATION
SUBCHAPTER I - TROUBLED ASSETS RELIEF PROGRAM
Sec. 5239 - Recoupment
Containssection 5239
Date2014
Laws In Effect As Of DateJanuary 5, 2015
Positive LawNo
Dispositionstandard
Source CreditPub. L. 110-343, div. A, title I, §134, Oct. 3, 2008, 122 Stat. 3798.
Statutes at Large References122 Stat. 3798, 3765
Public and Private LawsPublic Law 110-343

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12 U.S.C. § 5239 (2014)
§5239. Recoupment

Upon the expiration of the 5-year period beginning upon October 3, 2008, the Director of the Office of Management and Budget, in consultation with the Director of the Congressional Budget Office, shall submit a report to the Congress on the net amount within the Troubled Asset Relief Program under this chapter. In any case where there is a shortfall, the President shall submit a legislative proposal that recoups from the financial industry an amount equal to the shortfall in order to ensure that the Troubled Asset Relief Program does not add to the deficit or national debt.

(Pub. L. 110–343, div. A, title I, §134, Oct. 3, 2008, 122 Stat. 3798.)

REFERENCES IN TEXT

This chapter, referred to in text, was in the original "this Act" and was translated as reading "this division", meaning div. A of Pub. L. 110–343, Oct. 3, 2008, 122 Stat. 3765, known as the Emergency Economic Stabilization Act of 2008, to reflect the probable intent of Congress. For complete classification of division A to the Code, see Short Title note set out under section 5201 of this title and Tables.

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