[USC02] 12 USC 3306: State liaison
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12 USC 3306: State liaison Text contains those laws in effect on October 13, 2019
From Title 12-BANKS AND BANKINGCHAPTER 34-FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL

§3306. State liaison

To encourage the application of uniform examination principles and standards by State and Federal supervisory agencies, the Council shall establish a liaison committee composed of five representatives of State agencies which supervise financial institutions which shall meet at least twice a year with the Council. Members of the liaison committee shall receive a reasonable allowance for necessary expenses incurred in attending meetings. Members of the Liaison Committee shall elect a chairperson from among the members serving on the committee.

( Pub. L. 95–630, title X, §1007, Nov. 10, 1978, 92 Stat. 3696 ; Pub. L. 109–351, title VII, §714(b), Oct. 13, 2006, 120 Stat. 1995 .)

Amendments

2006-Pub. L. 109–351 inserted at end "Members of the Liaison Committee shall elect a chairperson from among the members serving on the committee."

Effective Date

Section effective upon the expiration of 120 days after Nov. 10, 1978, see section 2101 of Pub. L. 95–630, set out as a note under section 375b of this title.