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U.S. Code as of:
01/19/04
Section 3901. Congressional declaration of policy
(a)(1) It is the policy of the Congress to assure that the
economic health and stability of the United States and the other
nations of the world shall not be adversely affected or threatened
in the future by imprudent lending practices or inadequate
supervision.
(2) This shall be achieved by strengthening the bank regulatory
framework to encourage prudent private decisionmaking and by
enhancing international coordination among bank regulatory
authorities.
(b) The Federal banking agencies shall consult with the banking
supervisory authorities of other countries to reach understandings
aimed at achieving the adoption of effective and consistent
supervisory policies and practices with respect to international
lending.
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