Us Code § 5373 - International policy coordination
Full text of Us Code United States Code § 5373 — International policy coordination, with citation guidance and answers to common questions.
§ 5373. International policy coordination
(a) By the President
The President, or a designee of the President, may coordinate through all available international policy channels, similar policies as those found in United States law relating to limiting the scope, nature, size, scale, concentration, and interconnectedness of financial companies, in order to protect financial stability and the global economy.
(b) By the Council
The Chairperson of the Council, in consultation with the other members of the Council, shall regularly consult with the financial regulatory entities and other appropriate organizations of foreign governments or international organizations on matters relating to systemic risk to the international financial system.
(c) By the Board of Governors and the Secretary
The Board of Governors and the Secretary shall consult with their foreign counterparts and through appropriate multilateral organizations to encourage comprehensive and robust prudential supervision and regulation for all highly leveraged and interconnected financial companies.
(Pub. L. 111–203, title I, §175, July 21, 2010, 124 Stat. 1442.)
About This Section
12 U.S.C. § 5373 is part of Title 12 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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