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12 U.S.C. · Banks and Banking
12 U.S.C. § 5806

Preemption

Ch. 55 — ADJUSTABLE INTEREST RATE (LIBOR)
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 55
Statutory Text

12 U.S.C. § 5806 — Preemption

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 55 - ADJUSTABLE INTEREST RATE (LIBOR) Sec. 5806 - Preemption From the U.S. Government Publishing Office, www.gpo.gov

§5806. Preemption

This chapter, and regulations promulgated under this chapter, shall supersede any provision of any State or local law, statute, rule, regulation, or standard— (1) relating to the selection or use of a benchmark replacement or related conforming changes; or (2) expressly limiting the manner of calculating interest, including the compounding of interest, as that provision applies to the selection or use of a Board-selected benchmark replacement or benchmark replacement conforming changes.

(Pub. L. 117–103, div. U, §107, Mar. 15, 2022, 136 Stat. 832.)

Editorial Notes

References in Text This chapter, referred to in text, was in the original "this division", meaning div. U of Pub. L. 117–103, Mar. 15, 2022, 136 Stat. 825, known as the Adjustable Interest Rate (LIBOR) Act, which is classified principally to this chapter. For complete classification of div. U to the Code, see Short Title note set out under section 5801 of this title and Tables.

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 12 U.S.C. § 5806 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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Ch. 55 — ADJUSTABLE INTEREST RATE (LIBOR)
12 U.S.C. § 580112 U.S.C. § 580212 U.S.C. § 580312 U.S.C. § 580412 U.S.C. § 580512 U.S.C. § 580612 U.S.C. § 5807
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