Title 12 — Banks and BankingRelease 119-73

§5332 GAO audit of Council

Title 12 › Chapter CHAPTER 53— - WALL STREET REFORM AND CONSUMER PROTECTION › Subchapter SUBCHAPTER I— - FINANCIAL STABILITY › Part Part A— - Financial Stability Oversight Council › § 5332

Last updated Apr 6, 2026|Official source

Summary

The Comptroller General can audit the Council and any person or organization working for or under the Council when their work is related to the Council. Even if other laws say otherwise, the Comptroller General must be allowed, when asked and at reasonable times and in the form requested, to see records and information the Council or its contractors hold that are relevant to the audit. The Comptroller General can also interview officers, directors, staff, advisors, working groups, and agents, and may make and keep copies of any books or records it is allowed to view.

Full Legal Text

Title 12, §5332

Banks and Banking — Source: USLM XML via OLRC

(a)The Comptroller General of the United States may audit the activities of—

(1)the Council; and

(2)any person or entity acting on behalf of or under the authority of the Council, to the extent that such activities relate to work for the Council by such person or entity.

(b)(1)Notwithstanding any other provision of law, the Comptroller General shall, upon request and at such reasonable time and in such reasonable form as the Comptroller General may request, have access to—

(A)any records or other information under the control of or used by the Council;

(B)any records or other information under the control of a person or entity acting on behalf of or under the authority of the Council, to the extent that such records or other information is relevant to an audit under subsection (a); and

(C)the officers, directors, employees, financial advisors, staff, working groups, and agents and representatives of the Council (as related to the activities on behalf of the Council of such agent or representative), at such reasonable times as the Comptroller General may request.

(2)The Comptroller General may make and retain copies of such books, accounts, and other records, access to which is granted under this section, as the Comptroller General considers appropriate.

Reference

Citations & Metadata

Citation

12 U.S.C. § 5332

Title 12 — Banks and Banking

Last Updated

Apr 6, 2026

Release point: 119-73