12 USC § 5329 - Resolution of supervisory jurisdictional disputes among member agencies

---
identifier: "/us/usc/t12/s5329"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 5329 - Resolution of supervisory jurisdictional disputes among member agencies"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "5329"
section_name: "Resolution of supervisory jurisdictional disputes among member agencies"
chapter_number: 53
chapter_name: "WALL STREET REFORM AND CONSUMER PROTECTION"
subchapter_number: "I"
subchapter_name: "FINANCIAL STABILITY"
part_number: "A"
part_name: "Financial Stability Oversight Council"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 111–203, title I, § 119, July 21, 2010, 124 Stat. 1408.)"
---


# § 5329. Resolution of supervisory jurisdictional disputes among member agencies

**(a)** **Request for Council recommendation** The Council shall seek to resolve a dispute among 2 or more member agencies, if—

**1** a member agency has a dispute with another member agency about the respective jurisdiction over a particular bank holding company, nonbank financial company, or financial activity or product (excluding matters for which another dispute mechanism specifically has been provided under title X); [^1]

See References in Text note below.

**(2)** the Council determines that the disputing agencies cannot, after a demonstrated good faith effort, resolve the dispute without the intervention of the Council; and

**(3)** any of the member agencies involved in the dispute—

**(A)** provides all other disputants prior notice of the intent to request dispute resolution by the Council; and

**(B)** requests in writing, not earlier than 14 days after providing the notice described in subparagraph (A), that the Council seek to resolve the dispute.

**(b)** **Council recommendation** The Council shall seek to resolve each dispute described in subsection (a)—

**(1)** within a reasonable time after receiving the dispute resolution request;

**(2)** after consideration of relevant information provided by each agency party to the dispute; and

**(3)** by agreeing with 1 of the disputants regarding the entirety of the matter, or by determining a compromise position.

**(c)** **Form of recommendation** Any Council recommendation under this section shall—

**(1)** be in writing;

**(2)** include an explanation of the reasons therefor; and

**(3)** be approved by the affirmative vote of ⅔ of the voting members of the Council then serving.

**(d)** **Nonbinding effect** Any recommendation made by the Council under subsection (c) shall not be binding on the Federal agencies that are parties to the dispute.

---

**Source Credit**: (Pub. L. 111–203, title I, § 119, July 21, 2010, 124 Stat. 1408.)

## Editorial Notes

### References in Text

Title X, referred to in subsec. (a)(1), is title X of , , , known as the Consumer Financial Protection Act of 2010, which enacted subchapter V (§ 5481 et seq.) of this chapter and enacted, amended, and repealed numerous other sections and notes in the Code. For complete classification of title X to the Code, see Short Title note set out under  and Tables.