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Public Law 111-203 including PTFA amendments

Page 163

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. 1537

(2) OTHER PROVISIONS.—For purposes of paragraph (1), the
Director of the Office of Thrift Supervision shall, during the
90-day period beginning on the transfer date, continue to be—
(A) treated as an officer of the United States; and
(B) entitled to receive compensation at the same annual
rate of basic pay that the Director of the Office of Thrift
Supervision received on the day before the transfer date.

SEC. 326. CONTINUATION OF SERVICES. 12 USC 5436.
Any agency, department, or other instrumentality of the United
States, and any successor to any such agency, department, or
instrumentality, that was, before the transfer date, providing sup-
port services to the Office of Thrift Supervision in connection with
functions transferred to the Office of the Comptroller of the Cur-
rency, the Corporation or the Board of Governors under this title,
shall—
(1) continue to provide such services, subject to reimburse-
ment by the Office of the Comptroller of the Currency, the
Corporation, or the Board of Governors, until the transfer of
functions under this title is complete; and
(2) consult with the Comptroller of the Currency, the Chair- Consultation.
person of the Corporation, or the Chairman of the Board of
Governors, as appropriate, to coordinate and facilitate a prompt
and orderly transition.

SEC. 327. IMPLEMENTATION PLAN AND REPORTS. 12 USC 5437.
(a) PLAN SUBMISSION.—Within 180 days of the enactment of
the Dodd-Frank Wall Street Reform and Consumer Protection Act,
the Board of Governors, the Corporation, the Office of the Comp-
troller of the Currency, and the Office of Thrift Supervision, shall
jointly submit a plan to the Committee on Banking, Housing, and
Urban Affairs of the Senate, the Committee on Financial Services
of the House of Representatives, and the Inspectors General of
the Department of the Treasury, the Corporation, and the Board
of Governors detailing the steps the Board of Governors, the Cor-
poration, the Office of the Comptroller of the Currency, and the
Office of Thrift Supervision will take to implement the provisions
of sections 301 through 326, and the provisions of the amendments
made by such sections.
(b) INSPECTORS GENERAL REVIEW OF THE PLAN.—Within 60
days of receiving the plan required under subsection (a), the Inspec-
tors General of the Department of the Treasury, the Corporation,
and the Board of Governors shall jointly provide a written report
to the Board of Governors, the Corporation, the Office of the Comp-
troller of the Currency, and the Office of Thrift Supervision and
shall submit a copy to the Committee on Banking, Housing, and
Urban Affairs of the Senate and the Committee on Financial Serv-
ices of the House of Representatives detailing whether the plan
conforms with the provisions of sections 301 through 326, and
the provisions of the amendments made by such sections,
including—
(1) whether the plan sufficiently takes into consideration
the orderly transfer of personnel;
(2) whether the plan describes procedures and safeguards

LAWS to ensure that the Office of Thrift Supervision employees are not unfairly disadvantaged relative to employees of the Office of the Comptroller of the Currency and the Corporation;PUBLIC with on anorris VerDate Nov 24 2008 21:17 Aug 02, 2010 Jkt 089139 PO 00203 Frm 00163 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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