2024 U.S. Code
Title 12 - Banks and Banking
Chapter 55 - Adjustable Interest Rate (Libor)
Sec. 5806 - Preemption
| 12 U.S.C. § 5806 (2024) |
| §5806. Preemption |
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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. |
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(Pub. L. 117–103, div. U, §107, Mar. 15, 2022, 136 Stat. 832.) |
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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. |
| United States Code, 2024 Edition, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 55 - ADJUSTABLE INTEREST RATE (LIBOR) Sec. 5806 - Preemption |
| section 5806 |
| 2024 |
| January 6, 2025 |
| No |
| standard |
| 136 Stat. 832, 825 |
| Public Law 117-103 |
