Page:United States Statutes at Large Volume 124.djvu/1550

 124 STAT. 1524 PUBLIC LAW 111–203—JULY 21, 2010 (b) SUPERVISION OF FEDERAL SAVINGS ASSOCIATIONS.—Chapter 9 of title VII of the Revised Statutes of the United States (12 U.S.C. 1 et seq.) is amended by inserting after section 327A (12 U.S.C. 4a) the following: ‘‘SEC. 327B. DEPUTY COMPTROLLER FOR THE SUPERVISION AND EXAMINATION OF FEDERAL SAVINGS ASSOCIATIONS. ‘‘The Comptroller of the Currency shall designate a Deputy Comptroller, who shall be responsible for the supervision and exam- ination of Federal savings associations.’’. (c) AMENDMENT TO SECTION 329.—Section 329 of the Revised Statutes of the United States (12 U.S.C. 11) is amended by inserting before the period at the end the following: ‘‘or any Federal savings association’’. (d) EFFECTIVE DATE.—This section, and the amendments made by this section, shall take effect on the transfer date. SEC. 315. FEDERAL INFORMATION POLICY. Section 3502(5) of title 44, United States Code, is amended by inserting ‘‘Office of the Comptroller of the Currency,’’ after ‘‘the Securities and Exchange Commission,’’. SEC. 316. SAVINGS PROVISIONS. (a) OFFICE OF THRIFT SUPERVISION.— (1) EXISTING RIGHTS, DUTIES, AND OBLIGATIONS NOT AFFECTED.—Sections 312(b) and 313 shall not affect the validity of any right, duty, or obligation of the United States, the Director of the Office of Thrift Supervision, the Office of Thrift Supervision, or any other person, that existed on the day before the transfer date. (2) CONTINUATION OF SUITS.—This title shall not abate any action or proceeding commenced by or against the Director of the Office of Thrift Supervision or the Office of Thrift Super- vision before the transfer date, except that— (A) for any action or proceeding arising out of a func- tion of the Office of Thrift Supervision or the Director of the Office of Thrift Supervision transferred to the Board of Governors by this title, the Board of Governors shall be substituted for the Office of Thrift Supervision or the Director of the Office of Thrift Supervision as a party to the action or proceeding on and after the transfer date; (B) for any action or proceeding arising out of a func- tion of the Office of Thrift Supervision or the Director of the Office of Thrift Supervision transferred to the Office of the Comptroller of the Currency or the Comptroller of the Currency by this title, the Office of the Comptroller of the Currency or the Comptroller of the Currency shall be substituted for the Office of Thrift Supervision or the Director of the Office of Thrift Supervision, as the case may be, as a party to the action or proceeding on and after the transfer date; and (C) for any action or proceeding arising out of a func- tion of the Office of Thrift Supervision or the Director of the Office of Thrift Supervision transferred to the Cor- poration by this title, the Corporation shall be substituted for the Office of Thrift Supervision or the Director of the Office of Thrift Supervision as a party to the action or proceeding on and after the transfer date. 12 USC 5414. 12 USC 1 note. Designation. 12 USC 4b.