All provisions of this chapter are designated as an emergency requirement and necessary to meet emergency needs pursuant to section 204(a) of S. Con. Res 11 So in original. Probably should be followed by a period. 21 (110th Congress), the concurrent resolution on the budget for fiscal year 2008 and rescissions of any amounts provided in this chapter shall not be counted for purposes of budget enforcement.
File SHA-256: 31c245426c3f8b1a65917b9760cdb289f7961779d3e0ddb735452af8f2101f57. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. This page displays the selected federal record. Historical editions and unverified snapshots are not a statement of current law.
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Stable record: federal_law:legal_authorities:record_usc_a118a32fed5491719421dff1 Source file: Laws/federal/codes/united-states-code/title-12/section-5201-emergency-treatment--1ba35f5e23.md Pages: Not recorded – Not recorded Passage SHA-256: ac1e8fc27f441ff988c346eab1c6555b6e2e35235db0b317aaab234d6358724f Retained source evidence SHA-256: 31c245426c3f8b1a65917b9760cdb289f7961779d3e0ddb735452af8f2101f57
Source location: Title 12, Chapter 52, § 5201; chapter-052-emergency-economic-stabilization.md
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All provisions of this chapter are designated as an emergency requirement and necessary to meet emergency needs pursuant to section 204(a) of S. Con. Res 11 So in original. Probably should be followed by a period. 21 (110th Congress), the concurrent resolution on the budget for fiscal year 2008 and rescissions of any amounts provided in this chapter shall not be counted for purposes of budget enforcement.
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Federal law — U.S. Code and appendices · legal_authorities
§ 5201. Purposes
The purposes of this chapter are—
(1) to immediately provide authority and fa-
cilities that the Secretary of the Treasury can
use to restore liquidity and stability to the fi-
nancial system of the United States; and
(2) to ensure that such authority and such
facilities are used in a manner that—
(A) protects home values, college funds, re-
tirement accounts, and life savings;
(B) preserves homeownership and promotes
jobs and economic growth;
(C) maximizes overall returns to the tax-
payers of the United States; and
(D) provides public accountability for the
exercise of such authority.
(Pub. L. 110–343, div. A, § 2, Oct. 3, 2008, 122 Stat.
3766.)
Editorial Notes
REFERENCES IN TEXT
This chapter, referred to in text, was in the original
‘‘this Act’’ and was translated as reading ‘‘this divi-
sion’’, meaning div. A of Pub. L. 110–343, Oct. 3, 2008, 122
Stat. 3765, known as the Emergency Economic Sta-
bilization Act of 2008, to reflect the probable intent of
Congress. For complete classification of division A to
the Code, see Short Title note set out below and Tables.
Statutory Notes and Related Subsidiaries
SHORT TITLE OF 2010 AMENDMENT
Pub. L. 111–203, title XIII, § 1301, July 21, 2010, 124
Stat. 2133, provided that: ‘‘This title [amending sec-
tions 1431, 1455, 1719, 5216, and 5225 of this title and en-
acting provisions set out as a note under section 1455 of
this title] may be cited as the ‘Pay It Back Act’.’’
SHORT TITLE OF 2009 AMENDMENT
Pub. L. 111–22, div. A, § 1(a), May 20, 2009, 123 Stat.
1632, provided that: ‘‘This division [enacting sections
1715z–25, 1735f–10, 1790e, 5220a, and 5231a of this title,
amending sections 1708, 1710, 1715u, 1715z–20, 1715z–23,
1715z–24, 1735f–14, 1782, 1783, 1817, 1823, 1824, 5221, 5225,