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12 U.S.C. § 3306 — State liaison

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To encourage the application of uniform examination principles and standards by State and Federal supervisory agencies, the Council shall establish a liaison committee composed of five representatives of State agencies which supervise financial institutions which shall meet at least twice a year with the Council. Members of the liaison committee shall receive a reasonable allowance for necessary expenses incurred in attending meetings. Members of the Liaison Committee shall elect a chairperson from among the members serving on the committee. ( Pub. L. 95–630, title X, § 1007 , Nov. 10, 1978 , 92 Stat. 3696 ; Pub. L. 109–351, title VII, § 714(b) , Oct. 13, 2006 , 120 Stat. 1995 .) Editorial Notes Amendments 2006— Pub. L. 109–351 inserted at end “Members of the Liaison Committee shall elect a chairperson from among the members serving on the committee.” Statutory Notes and Related Subsidiaries Effective Date Section effective upon the expiration of 120 days after Nov. 10, 1978 , see section 2101 of Pub. L. 95–630 , set out as a note under section 375b of this title .

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