---
kind: "section"
citation: "12 U.S.C. § 5392"
title: "12"
title_heading: "Banks and Banking"
number: "5392"
heading: "Prohibition of circumvention and prevention of conflicts of interest"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/5392"
units:
  - "Chapter 53 — Wall Street Reform and Consumer Protection"
  - "Subchapter II — Orderly Liquidation Authority"
---

# §5392. Prohibition of circumvention and prevention of conflicts of interest

- (a) **No other funding—** [Funds](/usc/12/5381.md?p=a-12) for the orderly liquidation of any [covered financial company](/usc/12/5381.md?p=a-8) under this subchapter shall only be provided as specified under this subchapter.
- (b) **Limit on governmental actions—** No governmental entity may take any action to circumvent the purposes of this subchapter.
- (c) **Conflict of interest—** In the event that the [Corporation](/usc/12/5301.md?p=7) is appointed receiver for more than 1 [covered financial company](/usc/12/5381.md?p=a-8) or is appointed receiver for a [covered financial company](/usc/12/5381.md?p=a-8) and receiver for any [insured depository institution](/usc/12/5301.md?p=18-A) that is an [affiliate](/usc/12/5301.md?p=1) of such [covered financial company](/usc/12/5381.md?p=a-8), the [Corporation](/usc/12/5301.md?p=7) shall take appropriate action, as necessary to avoid any conflicts of interest that may arise in connection with multiple receiverships.

## Source credit

(Pub. L. 111–203, title II, § 212, July 21, 2010, 124 Stat. 1516.)

## Notes

### Editorial Notes

### References in Text

This subchapter, referred to in subsecs. (a) and (b), was in the original “this title”, meaning title II of Pub. L. 111–203, July 21, 2010, 124 Stat. 1442, which is classified principally to this subchapter. For complete classification of title II to the Code, see Tables.

### Statutory Notes and Related Subsidiaries

### Effective Date

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