Page:United States Statutes at Large Volume 124.djvu/1546

 124 STAT. 1520 PUBLIC LAW 111–203—JULY 21, 2010 (B) current mechanisms and structures for facilitating international cooperation; (C) barriers to effective international coordination; and (D) ways to increase and make more effective inter- national coordination of the resolution of financial compa- nies, so as to minimize the impact on the financial system without creating moral hazard. (b) REPORT TO CONGRESS.—Not later than 1 year after the date of enactment of this Act, the Administrative office of the United States Courts shall submit to the Committees on Banking, Housing, and Urban Affairs and the Judiciary of the Senate and the Committees on Financial Services and the Judiciary of the House of Representatives a report summarizing the results of the study conducted under subsection (a). TITLE III—TRANSFER OF POWERS TO THE COMPTROLLER OF THE CUR- RENCY, THE CORPORATION, AND THE BOARD OF GOVERNORS SEC. 300. SHORT TITLE. This title may be cited as the ‘‘Enhancing Financial Institution Safety and Soundness Act of 2010’’. SEC. 301. PURPOSES. The purposes of this title are— (1) to provide for the safe and sound operation of the banking system of the United States; (2) to preserve and protect the dual system of Federal and State-chartered depository institutions; (3) to ensure the fair and appropriate supervision of each depository institution, regardless of the size or type of charter of the depository institution; and (4) to streamline and rationalize the supervision of deposi- tory institutions and the holding companies of depository institutions. SEC. 302. DEFINITION. In this title, the term ‘‘transferred employee’’ means, as the context requires, an employee transferred to the Office of the Comp- troller of the Currency or the Corporation under section 322. Subtitle A—Transfer of Powers and Duties SEC. 311. TRANSFER DATE. (a) TRANSFER DATE.—Except as provided in subsection (b), the term ‘‘transfer date’’ means the date that is 1 year after the date of enactment of this Act. (b) EXTENSION PERMITTED.— (1) NOTICE REQUIRED.—The Secretary, in consultation with the Comptroller of the Currency, the Director of the Office of Thrift Supervision, the Chairman of the Board of Governors, and the Chairperson of the Corporation, may extend the period under subsection (a) and designate a transfer date that is Deadline. Definition. 12 USC 5411. 12 USC 5402. 12 USC 5401. 12 USC 5301 note. Enhancing Financial Institution Safety and Soundness Act of 2010.