FEDERAL · 12 U.S.C. · Chapter 55
Preemption
12 U.S.C. § 5806
Title12 — Banks and Banking
Chapter55 — ADJUSTABLE INTEREST RATE (LIBOR)
This text of 12 U.S.C. § 5806 (Preemption) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
12 U.S.C. § 5806.
Text
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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Source Credit
History
(Pub. L. 117–103, div. U, §107, Mar. 15, 2022, 136 Stat. 832.)
Editorial Notes
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.
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.
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Bluebook (online)
12 U.S.C. § 5806, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/5806.