---
kind: "section"
citation: "12 U.S.C. § 5329"
title: "12"
title_heading: "Banks and Banking"
number: "5329"
heading: "Resolution of supervisory jurisdictional disputes among member agencies"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/5329"
units:
  - "Chapter 53 — Wall Street Reform and Consumer Protection"
  - "Subchapter I — Financial Stability"
  - "Part A — Financial Stability Oversight Council"
---

# §5329. Resolution of supervisory jurisdictional disputes among member agencies

- (a) **Request for Council recommendation—** The [Council](/usc/12/5301.md?p=8) shall seek to resolve a dispute among 2 or more [member agencies](/usc/12/5311.md?p=a-3), if—
  - (1) a [member agency](/usc/12/5311.md?p=a-3) has a dispute with another [member agency](/usc/12/5311.md?p=a-3) about the respective jurisdiction over a particular [bank holding company](/usc/12/5301.md?p=18-A), [nonbank financial company](/usc/12/5311.md?p=a-4-C), or financial activity or product (excluding matters for which another dispute mechanism specifically has been provided under title X);[^1]
  - (2) the [Council](/usc/12/5301.md?p=8) determines that the disputing agencies cannot, after a demonstrated good faith effort, resolve the dispute without the intervention of the [Council](/usc/12/5301.md?p=8); and
  - (3) any of the [member agencies](/usc/12/5311.md?p=a-3) involved in the dispute—
    - (A) provides all other disputants prior notice of the intent to request dispute resolution by the [Council](/usc/12/5301.md?p=8); and
    - (B) requests in writing, not earlier than 14 days after providing the notice described in [subparagraph (A)](#a-3-A), that the [Council](/usc/12/5301.md?p=8) seek to resolve the dispute.
- (b) **Council recommendation—** The [Council](/usc/12/5301.md?p=8) shall seek to resolve each dispute described in [subsection (a)](#a)—
  - (1) within a reasonable time after receiving the dispute resolution request;
  - (2) after consideration of relevant information provided by each agency party to the dispute; and
  - (3) by agreeing with 1 of the disputants regarding the entirety of the matter, or by determining a compromise position.
- (c) **Form of recommendation—** Any [Council](/usc/12/5301.md?p=8) recommendation under this section shall—
  - (1) be in writing;
  - (2) include an explanation of the reasons therefor; and
  - (3) be approved by the affirmative vote of ⅔ of the voting members of the [Council](/usc/12/5301.md?p=8) then serving.
- (d) **Nonbinding effect—** Any recommendation made by the [Council](/usc/12/5301.md?p=8) under [subsection (c)](#c) shall not be binding on the Federal agencies that are parties to the dispute.

## Footnotes

[^1]: See References in Text note below.

## Source credit

(Pub. L. 111–203, title I, § 119, July 21, 2010, 124 Stat. 1408.)

## Notes

### Editorial Notes

### References in Text

Title X, referred to in subsec. (a)(1), is title X of Pub. L. 111–203, July 21, 2010, 124 Stat. 1955, known as the Consumer Financial Protection Act of 2010, which enacted subchapter V (§ 5481 et seq.) of this chapter 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 section 5301 of this title and Tables.