{"identifier":"/us/usc/t12/s5202","title":12,"num":"\u00a7\u202f5202.","heading":"Definitions","text":"\u00a7\u202f5202.\nDefinitions\nFor purposes of this chapter, the following definitions shall apply:\n(1)\nAppropriate committees of Congress\nThe term \u201cappropriate committees of Congress\u201d means\u2014\n(A) the Committee on Banking, Housing, and Urban Affairs, the Committee on Finance, the Committee on the Budget, and the Committee on Appropriations of the Senate; and\n(B) the Committee on Financial Services, the Committee on Ways and Means, the Committee on the Budget, and the Committee on Appropriations of the House of Representatives.\n(2)\nBoard\nThe term \u201cBoard\u201d means the Board of Governors of the Federal Reserve System.\n(3)\nCongressional support agencies\nThe term \u201ccongressional support agencies\u201d means the Congressional Budget Office and the Joint Committee on Taxation.\n(4)\nCorporation\nThe term \u201cCorporation\u201d means the Federal Deposit Insurance Corporation.\n(5)\nFinancial institution\nThe term \u201cfinancial institution\u201d means any institution, including, but not limited to, any bank, savings association, credit union, security broker or dealer, or insurance company, established and regulated under the laws of the United States or any State, territory, or possession of the United States, the District of Columbia, Commonwealth of Puerto Rico, Commonwealth of Northern Mariana Islands, Guam, American Samoa, or the United States Virgin Islands, and having significant operations in the United States, but excluding any central bank of, or institution owned by, a foreign government.\n(6)\nFund\nThe term \u201cFund\u201d means the Troubled Assets Insurance Financing Fund established under\nsection 5212 of this title\n(7)\nSecretary\nThe term \u201cSecretary\u201d means the Secretary of the Treasury.\n(8)\nTARP\nThe term \u201cTARP\u201d means the Troubled Asset Relief Program established under\nsection 5211 of this title\n(9)\nTroubled assets\nThe term \u201ctroubled assets\u201d means\u2014\n(A) residential or commercial mortgages and any securities, obligations, or other instruments that are based on or related to such mortgages, that in each case was originated or issued on or before\nMarch 14, 2008\n(B) any other financial instrument that the Secretary, after consultation with the Chairman of the Board of Governors of the Federal Reserve System, determines the purchase of which is necessary to promote financial market stability, but only upon transmittal of such determination, in writing, to the appropriate committees of Congress.","url":"https://projectusc.org/usc/t12/s5202.html","content":[{"t":"sec","id":"/us/usc/t12/s5202","children":[{"t":"num","text":"\u00a7\u202f5202."},{"t":"heading","text":"Definitions","tail":"\n"},{"t":"chapeau","text":"For purposes of this chapter, the following definitions shall apply:"},{"t":"para","id":"/us/usc/t12/s5202/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"Appropriate committees of Congress"},{"t":"chapeau","text":"The term \u201cappropriate committees of Congress\u201d means\u2014"},{"t":"subpara","id":"/us/usc/t12/s5202/1/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" the Committee on Banking, Housing, and Urban Affairs, the Committee on Finance, the Committee on the Budget, and the Committee on Appropriations of the Senate; and","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t12/s5202/1/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" the Committee on Financial Services, the Committee on Ways and Means, the Committee on the Budget, and the Committee on Appropriations of the House of Representatives.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s5202/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"Board"},{"t":"content","children":[{"t":"p","text":"The term \u201cBoard\u201d means the Board of Governors of the Federal Reserve System.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s5202/3","children":[{"t":"num","text":"(3)"},{"t":"heading","text":"Congressional support agencies"},{"t":"content","children":[{"t":"p","text":"The term \u201ccongressional support agencies\u201d means the Congressional Budget Office and the Joint Committee on Taxation.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s5202/4","children":[{"t":"num","text":"(4)"},{"t":"heading","text":"Corporation"},{"t":"content","children":[{"t":"p","text":"The term \u201cCorporation\u201d means the Federal Deposit Insurance Corporation.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s5202/5","children":[{"t":"num","text":"(5)"},{"t":"heading","text":"Financial institution"},{"t":"content","children":[{"t":"p","text":"The term \u201cfinancial institution\u201d means any institution, including, but not limited to, any bank, savings association, credit union, security broker or dealer, or insurance company, established and regulated under the laws of the United States or any State, territory, or possession of the United States, the District of Columbia, Commonwealth of Puerto Rico, Commonwealth of Northern Mariana Islands, Guam, American Samoa, or the United States Virgin Islands, and having significant operations in the United States, but excluding any central bank of, or institution owned by, a foreign government.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s5202/6","children":[{"t":"num","text":"(6)"},{"t":"heading","text":"Fund"},{"t":"content","children":[{"t":"p","text":"The term \u201cFund\u201d means the Troubled Assets Insurance Financing Fund established under ","children":[{"t":"ref","text":"section 5212 of this title","href":"/us/usc/t12/s5212","tail":"."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s5202/7","children":[{"t":"num","text":"(7)"},{"t":"heading","text":"Secretary"},{"t":"content","children":[{"t":"p","text":"The term \u201cSecretary\u201d means the Secretary of the Treasury.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s5202/8","children":[{"t":"num","text":"(8)"},{"t":"heading","text":"TARP"},{"t":"content","children":[{"t":"p","text":"The term \u201cTARP\u201d means the Troubled Asset Relief Program established under ","children":[{"t":"ref","text":"section 5211 of this title","href":"/us/usc/t12/s5211","tail":"."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s5202/9","children":[{"t":"num","text":"(9)"},{"t":"heading","text":"Troubled assets"},{"t":"chapeau","text":"The term \u201ctroubled assets\u201d means\u2014"},{"t":"subpara","id":"/us/usc/t12/s5202/9/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" residential or commercial mortgages and any securities, obligations, or other instruments that are based on or related to such mortgages, that in each case was originated or issued on or before ","children":[{"t":"text","text":"March 14, 2008","tail":", the purchase of which the Secretary determines promotes financial market stability; and"}],"tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t12/s5202/9/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" any other financial instrument that the Secretary, after consultation with the Chairman of the Board of Governors of the Federal Reserve System, determines the purchase of which is necessary to promote financial market stability, but only upon transmittal of such determination, in writing, to the appropriate committees of Congress.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}