---
kind: "section"
citation: "12 U.S.C. § 250"
title: "12"
title_heading: "Banks and Banking"
number: "250"
heading: "Independence of financial regulatory agencies"
release: "119-102"
url: "https://uscodex.org/usc/12/250"
units:
  - "Chapter 3 — Federal Reserve System"
  - "Subchapter II — Board of Governors of the Federal Reserve System"
---

# §250. Independence of financial regulatory agencies


No officer or [agency](/usc/12/1422.md?p=12) of the United States shall have any authority to require the Securities and Exchange Commission, the [Board](/usc/12/221.md) of Governors of the Federal Reserve System, the Federal [Deposit](/usc/12/5301.md?p=18-A) Insurance [Corporation](/usc/12/2277a.md?p=2), the Comptroller of the Currency, the [Director](/usc/12/2279bb.md?p=3) of the [Office](/usc/12/2279bb.md?p=4) of Thrift Supervision, the [Director](/usc/12/2279bb.md?p=3) of the Federal Housing Finance [Agency](/usc/12/1422.md?p=12), or the National [Credit Union](/usc/12/3423.md?p=a-1-E) Administration to submit legislative recommendations, or testimony, or comments on legislation, to any officer or [agency](/usc/12/1422.md?p=12) of the United States for approval, comments, or review, prior to the submission of such recommendations, testimony, or comments to the Congress if such recommendations, testimony, or comments to the Congress include a statement indicating that the views expressed therein are those of the [agency](/usc/12/1422.md?p=12) submitting them and do not necessarily represent the views of the President.


## Source credit

(Pub. L. 93–495, title I, § 111, Oct. 28, 1974, 88 Stat. 1506; Pub. L. 103–325, title III, § 331(a), Sept. 23, 1994, 108 Stat. 2232; Pub. L. 106–102, title VI, § 606(e)(2), Nov. 12, 1999, 113 Stat. 1455; Pub. L. 110–289, div. A, title I, § 1102(b), July 30, 2008, 122 Stat. 2664.)

## Notes

### Editorial Notes

### Codification

Section was not enacted as part of the Federal Reserve Act which comprises this chapter.

### Amendments

2008—Pub. L. 110–289 substituted “the Director of the Federal Housing Finance Agency” for “the Federal Housing Finance Board”.

1999—Pub. L. 106–102 substituted “Director of the Office of Thrift Supervision, the Federal Housing Finance Board,” for “Federal Home Loan Bank Board,”.

1994—Pub. L. 103–325 inserted “the Comptroller of the Currency,” after “Federal Deposit Insurance Corporation,”.