Title 12 — Banks and BankingRelease 119-73

§5253 Emergency treatment

Title 12 › Chapter CHAPTER 52— - EMERGENCY ECONOMIC STABILIZATION › Subchapter SUBCHAPTER II— - BUDGET-RELATED PROVISIONS › § 5253

Last updated Apr 6, 2026|Official source

Summary

Declares this chapter an emergency under section 204(a) of S. Con. Res. 21 (110th Congress), fiscal year 2008, and bars counting any rescissions of its amounts for budget enforcement.

Full Legal Text

Title 12, §5253

Banks and Banking — Source: USLM XML via OLRC

All provisions of this chapter are designated as an emergency requirement and necessary to meet emergency needs pursuant to section 204(a) of S. Con. Res 11 So in original. Probably should be followed by a period. 21 (110th Congress), the concurrent resolution on the budget for fiscal year 2008 and rescissions of any amounts provided in this chapter shall not be counted for purposes of budget enforcement.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

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. S. Con. Res. 21 (110th Congress), referred to in text, is S. Con. Res. 21, May 17, 2007, 121 Stat. 2590, which is not classified to the Code.

Reference

Citations & Metadata

Citation

12 U.S.C. § 5253

Title 12 — Banks and Banking

Last Updated

Apr 6, 2026

Release point: 119-73