FEDERAL · 12 U.S.C. · Chapter 48

"Plain language" requirement for Federal banking agency rules

Current through Pub. L. 119-102
Title 12Banks and Banking·Ch. 48 — FINANCIAL INSTITUTIONS REGULATORY IMPROVEMENT
(a)In general Each Federal banking agency shall use plain language in all proposed and final rulemakings published by the agency in the Federal Register after January 1, 2000.
(b)Report Not later than March 1, 2001, each Federal banking agency shall submit to the Congress a report that describes how the agency has complied with subsection (a).
(c)Definition For purposes of this section, the term "Federal banking agency" has the meaning given that term in section 1813 of this title.

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Related

§ 1813
12 U.S.C. § 1813

Source Credit

History

(Pub. L. 106–102, title VII, §722, Nov. 12, 1999, 113 Stat. 1471.)

Editorial Notes

Editorial Notes

Codification
Section was enacted as part of the Gramm-Leach-Bliley Act, and not as part of title III of Pub. L. 103–322 which comprises this chapter.