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12 USC CHAPTER 36 - DEPOSITORY INSTITUTIONS DEREGULATION

AND FINANCIAL REGULATION SIMPLIFICATION 01/06/03

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TITLE 12 - BANKS AND BANKING

CHAPTER 36 - DEPOSITORY INSTITUTIONS DEREGULATION AND FINANCIAL

REGULATION SIMPLIFICATION

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CHAPTER 36 - DEPOSITORY INSTITUTIONS DEREGULATION AND FINANCIAL

REGULATION SIMPLIFICATION

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12 USC SUBCHAPTER I - DEPOSITORY INSTITUTIONS

DEREGULATION 01/06/03

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TITLE 12 - BANKS AND BANKING

CHAPTER 36 - DEPOSITORY INSTITUTIONS DEREGULATION AND FINANCIAL

REGULATION SIMPLIFICATION

SUBCHAPTER I - DEPOSITORY INSTITUTIONS DEREGULATION

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SUBCHAPTER I - DEPOSITORY INSTITUTIONS DEREGULATION

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12 USC Sec. 3501 to 3509 01/06/03

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TITLE 12 - BANKS AND BANKING

CHAPTER 36 - DEPOSITORY INSTITUTIONS DEREGULATION AND FINANCIAL

REGULATION SIMPLIFICATION

SUBCHAPTER I - DEPOSITORY INSTITUTIONS DEREGULATION

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Sec. 3501 to 3509. Omitted

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CODIFICATION

Sections 3501 to 3509, which provided for creation and operation

of Depository Institutions Deregulation Committee, were omitted

pursuant to section 3509 which provided that the Committee and all

authorities transferred to the Committee ceased to exist on

expiration of six years after Mar. 31, 1980.

Section 3501, Pub. L. 96-221, title II, Sec. 202, Mar. 31, 1980,

94 Stat. 142, set out congressional findings and stated that the

purpose in enacting this subchapter was to provide for orderly

phase-out and ultimate elimination of limitations on maximum rates

of interest and dividends which could be paid on deposits and

accounts by depository institutions.

Pub. L. 96-221, title II, Sec. 201, Mar. 31, 1980, 94 Stat. 142,

provided that title II of Pub. L. 96-221 (subchapter I of this

chapter) could be cited as the ''Depository Institutions

Deregulation Act of 1980''.

Pub. L. 96-221, title VIII, Sec. 801, Mar. 31, 1980, 94 Stat.

191, provided that title VIII of Pub. L. 96-221 (subchapter II of

this chapter) could be cited as the ''Financial Regulation

Simplification Act of 1980'', prior to repeal (effective 5 years

after the date of enactment) by Pub. L. 96-221, title VIII, Sec.

806, Mar. 31, 1980, 94 Stat. 192.

Section 3502, Pub. L. 96-221, title II, Sec. 203, Mar. 31, 1980,

94 Stat. 142, provided for membership and authority of Depository

Institutions Deregulation Committee.

Section 3503, Pub. L. 96-221, title II, Sec. 204, Mar. 31, 1980,

94 Stat. 143; Pub. L. 97-320, title III, Sec. 327, Oct. 15, 1982,

96 Stat. 1501; Pub. L. 97-457, Sec. 13, Jan. 12, 1983, 96 Stat.

2508, provided for phase-out and elimination of limitations, and

gradual increases in maximum rates of interest and dividends paid

on deposits and accounts.

Section 3504, Pub. L. 96-221, title II, Sec. 205, Mar. 31, 1980,

94 Stat. 143, set voting requirements respecting targets for

limitations on maximum rates of interest and dividends paid on

deposits and accounts and phase-out of interest rate controls.

Section 3505, Pub. L. 96-221, title II, Sec. 206, Mar. 31, 1980,

94 Stat. 143, set out the reporting requirements for individual

members of Deregulation Committee.

Section 3506, Pub. L. 96-221, title II, Sec. 207, Mar. 31, 1980,

94 Stat. 144, provided for repeal of related statutory authorities.

Section 3507, Pub. L. 96-221, title II, Sec. 208, Mar. 31, 1980,

94 Stat. 144; Pub. L. 101-73, title VII, Sec. 744(s), Aug. 9, 1989,

103 Stat. 440, set the procedures applicable for enforcement of

regulations.

Section 3508, Pub. L. 96-221, title II, Sec. 209, Mar. 31, 1980,

94 Stat. 145, provided for transitional application of rules and

regulations issued pursuant to transferred statutory authorities.

Section 3509, Pub. L. 96-221, title II, Sec. 210, Mar. 31, 1980,

94 Stat. 145, directed that, on the expiration of six years after

Mar. 31, 1980, all authorities transferred to Deregulation

Committee by this subchapter would cease to be effective and

Deregulation Committee would cease to exist.

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12 USC SUBCHAPTER II - REGULATORY SIMPLIFICATION 01/06/03

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TITLE 12 - BANKS AND BANKING

CHAPTER 36 - DEPOSITORY INSTITUTIONS DEREGULATION AND FINANCIAL

REGULATION SIMPLIFICATION

SUBCHAPTER II - REGULATORY SIMPLIFICATION

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SUBCHAPTER II - REGULATORY SIMPLIFICATION

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12 USC Sec. 3521 to 3524 01/06/03

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TITLE 12 - BANKS AND BANKING

CHAPTER 36 - DEPOSITORY INSTITUTIONS DEREGULATION AND FINANCIAL

REGULATION SIMPLIFICATION

SUBCHAPTER II - REGULATORY SIMPLIFICATION

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Sec. 3521 to 3524. Repealed. Pub. L. 96-221, title VIII, Sec. 806,

Mar. 31, 1980, 94 Stat. 192

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Section 3521, Pub. L. 96-221, title VIII, Sec. 802, Mar. 31,

1980, 94 Stat. 191, set forth Congressional findings with respect

to regulatory simplification.

Section 3522, Pub. L. 96-221, title VIII, Sec. 803, Mar. 31,

1980, 94 Stat. 191, set forth statement of policy respecting

regulations issued by Federal financial regulatory agencies.

Section 3523, Pub. L. 96-221, title VIII, Sec. 804, Mar. 31,

1980, 94 Stat. 192, authorized program for periodic review by

financial regulatory agencies of existing regulations, and revision

of regulations not in accord with policy statement.

Section 3524, Pub. L. 96-221, title VIII, Sec. 805, Mar. 31,

1980, 94 Stat. 192, related to reporting requirements for each

financial regulatory agency.

EFFECTIVE DATE OF REPEAL

Section 806 of title II of Pub. L. 96-221 provided that: ''This

title (enacting this subchapter) is hereby repealed five years

after the date of enactment of this title (Mar. 31, 1980).''

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