12 USC § 5416 - Contracting and leasing authority

---
identifier: "/us/usc/t12/s5416"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 5416 - Contracting and leasing authority"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "5416"
section_name: "Contracting and leasing authority"
chapter_number: 53
chapter_name: "WALL STREET REFORM AND CONSUMER PROTECTION"
subchapter_number: "III"
subchapter_name: "TRANSFER OF POWERS TO THE COMPTROLLER OF THE CURRENCY, THE CORPORATION, AND THE BOARD OF GOVERNORS"
part_number: "A"
part_name: "Transfer of Powers and Duties"
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 III, § 319, July 21, 2010, 124 Stat. 1528.)"
---


# § 5416. Contracting and leasing authority

Notwithstanding chapters 1 to 11 of title 40 and division C (except sections 3302, 3307(e), 3501(b), 3509, 3906, 4710, and 4711) of subtitle I of title 41 or any other provision of law (except the full and open competition requirements of the Competition in Contracting Act), the Office of the Comptroller of the Currency may—

**(1)** enter into and perform contracts, execute instruments, and acquire real property (or property interest) as the Comptroller deems necessary to carry out the duties and responsibilities of the Office of the Comptroller of the Currency; and

**(2)** hold, maintain, sell, lease, or otherwise dispose of the property (or property interest) acquired under paragraph (1).

---

**Source Credit**: (Pub. L. 111–203, title III, § 319, July 21, 2010, 124 Stat. 1528.)

## Editorial Notes

### References in Text

The Competition in Contracting Act, referred to in text, probably means the Competition in Contracting Act of 1984, which is title VII of , , . For complete classification of this Act to the Code, see Short Title of 1984 Act note set out under , Public Contracts, and Tables.

### Codification

In text, “chapters 1 to 11 of title 40 and division C (except sections 3302, 3307(e), 3501(b), 3509, 3906, 4710, and 4711) of subtitle I of title 41” substituted for “the Federal Property and Administrative Services Act of 1949 ( et seq.)” on authority of , , , which Act enacted Title 40, Public Buildings, Property, and Works, and , , , which Act enacted Title 41, Public Contracts.

## Statutory Notes and Related Subsidiaries

### Effective Date

Section effective 1 day after , except as otherwise provided, see , set out as a note under .