Title 12 — Banks and BankingRelease 119-73not60
§5586 Interim Authority of the Secretary
Title 12 › Chapter 53— WALL STREET REFORM AND CONSUMER PROTECTION › Subchapter V— BUREAU OF CONSUMER FINANCIAL PROTECTION › Part F— Transfer of Functions and Personnel; Transitional Provisions › § 5586
Summary
Secretary may run the Bureau until Director confirmation under section 5491; Treasury may provide administrative support before designated transfer date.
Full Legal Text
Title 12, §5586
Banks and Banking — Source: USLM XML via OLRC
(a)The Secretary is authorized to perform the functions of the Bureau under this part until the Director of the Bureau is confirmed by the Senate in accordance with section 5491 of this title.
(b)The Department of the Treasury may provide administrative services necessary to support the Bureau before the designated transfer date.
Reference
Citations & Metadata
Citation
12 U.S.C. § 5586
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60