12 USC § 5585 - Incidental transfers

---
identifier: "/us/usc/t12/s5585"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 5585 - Incidental transfers"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "5585"
section_name: "Incidental transfers"
chapter_number: 53
chapter_name: "WALL STREET REFORM AND CONSUMER PROTECTION"
subchapter_number: "V"
subchapter_name: "BUREAU OF CONSUMER FINANCIAL PROTECTION"
part_number: "F"
part_name: "Transfer of Functions and Personnel; Transitional Provisions"
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 X, § 1065, July 21, 2010, 124 Stat. 2055.)"
---


# § 5585. Incidental transfers

**1** **Incidental transfers authorized** [^1][^1]

The Director of the Office of Management and Budget, in consultation with the Secretary, shall make such additional incidental transfers and dispositions of assets and liabilities held, used, arising from, available, or to be made available, in connection with the functions transferred by this title, as the Director may determine necessary to accomplish the purposes of this title.

See References in Text note below.

**(b)** **Sunset** July 21, 2010

The authority provided in this section shall terminate 5 years after .

---

**Source Credit**: (Pub. L. 111–203, title X, § 1065, July 21, 2010, 124 Stat. 2055.)

## Editorial Notes

### References in Text

This title, referred to in subsec. (a), is title X of , , , known as the Consumer Financial Protection Act of 2010, which enacted this subchapter and enacted, amended, and repealed numerous other sections and notes in the Code.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.