---
kind: "section"
citation: "12 U.S.C. § 5216"
title: "12"
title_heading: "Banks and Banking"
number: "5216"
heading: "Rights; management; sale of troubled assets; revenues and sale proceeds"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/5216"
units:
  - "Chapter 52 — Emergency Economic Stabilization"
  - "Subchapter I — Troubled Assets Relief Program"
---

# §5216. Rights; management; sale of troubled assets; revenues and sale proceeds

- (a) **Exercise of rights—** The [Secretary](/usc/12/5202.md?p=7) may, at any time, exercise any rights received in connection with [troubled assets](/usc/12/5202.md?p=9) purchased under this chapter.
- (b) **Management of troubled assets—** The [Secretary](/usc/12/5202.md?p=7) shall have authority to manage [troubled assets](/usc/12/5202.md?p=9) purchased under this chapter, including revenues and portfolio risks therefrom.
- (c) **Sale of troubled assets—** The [Secretary](/usc/12/5202.md?p=7) may, at any time, upon terms and conditions and at a price determined by the [Secretary](/usc/12/5202.md?p=7), sell, or enter into securities loans, repurchase transactions, or other financial transactions in regard to, any troubled asset purchased under this chapter.
- (d) **Transfer to Treasury—** Revenues of, and proceeds from the sale of [troubled assets](/usc/12/5202.md?p=9) purchased under this chapter, or from the sale, exercise, or surrender of warrants or senior debt instruments acquired under [section 5223 of this title](/usc/12/5223.md) shall be paid into the general [fund](/usc/12/5202.md?p=6) of the Treasury for reduction of the public debt.
- (e) **Application of sunset to troubled assets—** The authority of the [Secretary](/usc/12/5202.md?p=7) to hold any troubled asset purchased under this chapter before the termination date in [section 5230 of this title](/usc/12/5230.md), or to purchase or [fund](/usc/12/5202.md?p=6) the purchase of a troubled asset under a commitment entered into before the termination date in [section 5230 of this title](/usc/12/5230.md), is not subject to the provisions of [section 5230 of this title](/usc/12/5230.md).
- (f) **Report—** The [Secretary](/usc/12/5202.md?p=7) of the Treasury shall report to Congress every 6 months on amounts received and transferred to the general [fund](/usc/12/5202.md?p=6) under [subsection (d)](#d).

## Source credit

(Pub. L. 110–343, div. A, title I, § 106, Oct. 3, 2008, 122 Stat. 3773; Pub. L. 111–203, title XIII, § 1303, July 21, 2010, 124 Stat. 2133.)

## Notes

### Editorial Notes

### References in Text

This chapter, referred to in text, was in the original “this Act” and was translated as reading “this division”, meaning div. A of Pub. L. 110–343, Oct. 3, 2008, 122 Stat. 3765, known as the Emergency Economic Stabilization Act of 2008, to reflect the probable intent of Congress. For complete classification of division A to the Code, see Short Title note set out under section 5201 of this title and Tables.

### Amendments

2010—Subsec. (f). Pub. L. 111–203 added subsec. (f).

### Statutory Notes and Related Subsidiaries

### Effective Date of 2010 Amendment

Amendment by Pub. L. 111–203 effective 1 day after July 21, 2010, except as otherwise provided, see section 4 of Pub. L. 111–203, set out as an Effective Date note under section 5301 of this title.