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Public Law 111-203 including PTFA amendments

Page 155

Public Law 111-203 including PTFA amendments · 2026-09-26 edition · updated 2026-09-27 · California

PUBLIC LAW 111–203—JULY 21, 2010 124 STAT. 1529

(3) make available to the Office of the Comptroller of the
Currency, the Corporation, or the Board of Governors, as
applicable, such property and provide to the Office of the Comp-
troller of the Currency, the Corporation, or the Board of Gov-
ernors, as applicable, such administrative services as the Office
of the Comptroller of the Currency, the Corporation, and the
Board of Governors jointly determine to be necessary under
subsection (a).
(c) NOTICE REQUIRED.—The Office of the Comptroller of the
Currency, the Corporation, and the Board of Governors shall jointly
give the Office of Thrift Supervision reasonable prior notice of
any request that the Office of the Comptroller of the Currency,
the Corporation, and the Board of Governors jointly intend to make
under subsection (b).

SEC. 322. TRANSFER OF EMPLOYEES. 12 USC 5432.
(a) IN GENERAL.—
(1) OFFICE OF THRIFT SUPERVISION EMPLOYEES.—
(A) IN GENERAL.—Except as provided in section 1064,
all employees of the Office of Thrift Supervision shall be
transferred to the Office of the Comptroller of the Currency
or the Corporation for employment in accordance with this
section.
(B) ALLOCATING EMPLOYEES FOR TRANSFER TO
RECEIVING AGENCIES.—The Director of the Office of Thrift
Supervision, the Comptroller of the Currency, and the
Chairperson of the Corporation shall—
(i) jointly determine the number of employees of Determination.
the Office of Thrift Supervision necessary to perform
or support the functions that are transferred to the
Office of the Comptroller of the Currency or the Cor-
poration by this title; and
(ii) consistent with the determination under clause
(i), jointly identify employees of the Office of Thrift
Supervision for transfer to the Office of the Comptroller
of the Currency or the Corporation.
(2) EMPLOYEES TRANSFERRED; SERVICE PERIODS CREDITED.—
For purposes of this section, periods of service with a Federal
home loan bank, a joint office of Federal home loan banks,
or a Federal reserve bank shall be credited as periods of service
with a Federal agency.
(3) APPOINTMENT AUTHORITY FOR EXCEPTED SERVICE TRANS-
FERRED.—
(A) IN GENERAL.—Except as provided in subparagraph
(B), any appointment authority of the Office of Thrift
Supervision under Federal law that relates to the functions
transferred under section 312, including the regulations
of the Office of Personnel Management, for filling the posi-
tions of employees in the excepted service shall be trans-
ferred to the Comptroller of the Currency or the Chair-
person of the Corporation, as appropriate.
(B) DECLINING TRANSFERS ALLOWED.—The Comptroller
of the Currency or the Chairperson of the Corporation
may decline to accept a transfer of authority under

LAWS subparagraph (A) (and the employees appointed under that authority) to the extent that such authority relates to posi- tions excepted from the competitive service because of theirPUBLIC with on anorris VerDate Nov 24 2008 21:17 Aug 02, 2010 Jkt 089139 PO 00203 Frm 00155 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 PUBL203

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▸Contents — Public Law 111-203 including PTFA amendments

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