§ 1833b. — Comparability in compensation schedules.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1833b]
TITLE 12--BANKS AND BANKING
CHAPTER 16--FEDERAL DEPOSIT INSURANCE CORPORATION
Sec. 1833b. Comparability in compensation schedules
(a) In general
The Federal Deposit Insurance Corporation, the Comptroller of the
Currency, the National Credit Union Administration Board, the Federal
Housing Finance Board,,\1\ the Farm Credit Administration, and the
Office of Thrift Supervision, in establishing and adjusting schedules of
compensation and benefits which are to be determined solely by each
agency under applicable provisions of law, shall inform the heads of the
other agencies and the Congress of such compensation and benefits and
shall seek to maintain comparability regarding compensation and
benefits.
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\1\ So in original.
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(b) Commodity Futures Trading Commission
In establishing and adjusting schedules of compensation and benefits
for employees of the Commodity Futures Trading Commission under
applicable provisions of law, the Commission shall--
(1) inform the heads of the agencies referred to in subsection
(a) of this section and Congress of such compensation and benefits;
and
(2) seek to maintain comparability with those agencies regarding
compensation and benefits.
(Pub. L. 101-73, title XII, Sec. 1206, Aug. 9, 1989, 103 Stat. 523; Pub.
L. 102-233, title III, Sec. 302(a), Dec. 12, 1991, 105 Stat. 1767; Pub.
L. 107-123, Sec. 8(d)(3), Jan. 16, 2002, 115 Stat. 2400; Pub. L. 107-
171, title X, Sec. 10702(b), May 13, 2002, 116 Stat. 516.)
Codification
Section was enacted as part of the Financial Institutions Reform,
Recovery, and Enforcement Act of 1989, and not as part of the Federal
Deposit Insurance Act which comprises this chapter.
Amendments
2002--Pub. L. 107-171 designated existing provisions as subsec. (a),
inserted heading, and added subsec. (b).
Pub. L. 107-123 struck out ``the Thrift Depositor Protection
Oversight Board of the Resolution Trust Corporation'' after ``Federal
Housing Finance Board,''.
Change of Name
Oversight Board redesignated Thrift Depositor Protection Oversight
Board, effective Feb. 1, 1992, see section 302(a) of Pub. L. 102-233,
set out as a note under section 1441a of this title. Thrift Depositor
Protection Oversight Board abolished, see section 14(a)-(d) of Pub. L.
105-216, set out as a note under section 1441a of this title.
Effective Date of 2002 Amendment
Amendment by Pub. L. 107-123 effective Oct. 1, 2001, see section 11
of Pub. L. 107-123, set out as a note under section 78ee of Title 15,
Commerce and Trade.
Section Referred to in Other Sections
This section is referred to in title 5 section 4802; title 7 section
2; title 15 section 78d; title 20 section 1087-2.
