Page:Emergency Economic Stabilization Act of 2008.djvu/24

 O:kAYOkAYO08C04.ymd 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 24 (1) shall be eligible for, and shall be considered in, the selection of' asset managers for residential mortgage loans and residential mortgage-backed se- curities; and (2) shall be reimbursed by the Secretmy for any sewices provided. SEC. 108. CONFLICTS OF INTEREST. (a) STXNDXDS REQUmED. The SecretaT shall issue regulations or guidelines necessmy to address and manage or to prohibit conflicts of interest that may arise in connection with the administration and execution of the authorities provided under this Act, including- (l) conflicts arising in the selection or hiring of contractors or advisors, including asset managers; (2) the purchase of troubled assets; (3) the management of the troubled assets held; (4) post-employment restrictions on employees; and (5) any other potential conflict of interest, as the SecretroT deems necessmT or appropriate in the public interest. (b) TMNG.--Regulations or guidelines required by this section shall be issued as soon as practicable after the date of enactment of this Act.

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