15 U.S.C. § 6804 : US Code - Section 6804: Rulemaking

Search 15 U.S.C. § 6804 : US Code - Section 6804: Rulemaking

(a) Regulatory authority
(1) Rulemaking
The Federal banking agencies, the National Credit Union
Administration, the Secretary of the Treasury, the Securities and
Exchange Commission, and the Federal Trade Commission shall each
prescribe, after consultation as appropriate with representatives
of State insurance authorities designated by the National
Association of Insurance Commissioners, such regulations as may
be necessary to carry out the purposes of this subchapter with
respect to the financial institutions subject to their
jurisdiction under section 6805 of this title.
(2) Coordination, consistency, and comparability
Each of the agencies and authorities required under paragraph
(1) to prescribe regulations shall consult and coordinate with
the other such agencies and authorities for the purposes of
assuring, to the extent possible, that the regulations prescribed
by each such agency and authority are consistent and comparable
with the regulations prescribed by the other such agencies and
authorities.
(3) Procedures and deadline
Such regulations shall be prescribed in accordance with
applicable requirements of title 5 and shall be issued in final
form not later than 6 months after November 12, 1999.
(b) Authority to grant exceptions
The regulations prescribed under subsection (a) of this section
may include such additional exceptions to subsections (a) through
(d) of section 6802 of this title as are deemed consistent with the
purposes of this subchapter.