WHAT THE LAW DOINCongress, in plain words

The law › Title 12, Banks and Banking › Chapter 16

12 U.S.C. 1831e: Activities of savings associations

Created in 1989 by Public Law 101-73. Changed by 6 later laws. No bill we track in this Congress changes it.

3 parts of federal rules cite it as their authority, written by Federal Deposit Insurance Corporation (3).

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    2010

    • Pub. L. 111–203, §939(a)(2)(A), struck out "not of investment grade" after "securities" in heading. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
    • Pub. L. 111–203, §939(a)(2)(B), substituted "that does not meet standards of credit-worthiness as established by the Corporation" for "not of investment grade". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
    • Pub. L. 111–203, §939(a)(2)(C), struck out "not of investment grade" after "security". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
    • Pub. L. 111–203, §939(a)(2)(D), (E), redesignated par. (4) as (3) and struck out former par. (3). Prior to amendment, text of par. (3) read as follows: (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
    • Pub. L. 111–203, §939(a)(2)(F)(i), (ii), redesignated subpar. (B) as (A) and struck out former subpar. (A). Prior to amendment, text of subpar. (A) read as follows: "Any corporate debt security is not of 'investment grade' unless that security, when acquired by the savings associ… (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
    • Pub. L. 111–203, §939(a)(2)(F)(iii), substituted "that does not meet standards of credit-worthiness as established by the Corporation" for "not of investment grade". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
    • Pub. L. 111–203, §939(a)(2)(F)(ii), redesignated subpar. (C) as (B). Former subpar. (B) redesignated (A). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
    • Pub. L. 111–203, §939(a)(2)(F)(ii), redesignated subpar. (C) as (B). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
    • Pub. L. 111–203, §939(a)(2)(E), redesignated par. (4) as (3). (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (d)
    • Pub. L. 111–203, §939(a)(3)(A), struck out "not of investment grade" after "security" in heading. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (e)
    • Pub. L. 111–203, §939(a)(3)(B), substituted "that does not meet standards of credit-worthiness as established by the Corporation" for "not of investment grade" in introductory provisions. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (e)
    • Pub. L. 111–203, §363(9)(A)(i)(I), substituted "Comptroller of the Currency or the Corporation, as appropriate" for "Director of the Office of Thrift Supervision". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (e)
    • Pub. L. 111–203, §939(a)(3)(C), substituted "that does not meet standards of credit-worthiness established by the Corporation" for "not of investment grade". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (e)
    • Pub. L. 111–203, §939(a)(3)(C), substituted "that does not meet standards of credit-worthiness established by the Corporation" for "not of investment grade". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (e)
    • Pub. L. 111–203, §363(9)(A)(i)(II), substituted "Comptroller of the Currency or the Corporation, as appropriate," for "Director of the Office of Thrift Supervision". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (e)
    • Pub. L. 111–203, §939(a)(3)(C), substituted "that does not meet standards of credit-worthiness established by the Corporation" for "not of investment grade". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (e), (E)
    • Pub. L. 111–203, §363(9)(A)(i)(III), substituted "Comptroller of the Currency or the Corporation, as appropriate" for "Director of the Office of Thrift Supervision" in introductory provisions. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (e)
    • Pub. L. 111–203, §939(a)(3)(C), substituted "that does not meet standards of credit-worthiness established by the Corporation" for "not of investment grade". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (e)
    • Pub. L. 111–203, §939(a)(3)(C), substituted "that does not meet standards of credit-worthiness established by the Corporation" for "not of investment grade" in two places. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (e)
    • Pub. L. 111–203, §939(a)(3)(C), substituted "that does not meet standards of credit-worthiness established by the Corporation" for "not of investment grade". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (e)
    • Pub. L. 111–203, §363(9)(A)(ii)(I), substituted "Comptroller of the Currency or the Corporation, as appropriate" for "Director of the Office of Thrift Supervision". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (e)
    • Pub. L. 111–203, §939(a)(3)(C), substituted "that does not meet standards of credit-worthiness established by the Corporation" for "not of investment grade". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (e)
    • Pub. L. 111–203, §363(9)(A)(ii)(II), substituted "Comptroller of the Currency or the Corporation, as appropriate," for "Director of the Office of Thrift Supervision" in introductory provisions. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (e)
    • Pub. L. 111–203, §363(9)(B), substituted "Comptroller of the Currency, of the Corporation," for "Director of the Office of Thrift Supervision". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (h)

    2006

    • Pub. L. 109–173 substituted "Deposit Insurance Fund" for "affected deposit insurance fund". (Federal Deposit Insurance Reform Conforming Amendments Act of 2005) Law text · (a), (b), (c)
    • Pub. L. 109–171 repealed Pub. L. 104–208, §2704(d)(14)(X). See 1996 Amendment note below. (Deficit Reduction Act of 2005) Law text · (a), (b), (c)

    1996

    • Pub. L. 104–208, §2704(d)(14)(X), which directed substitution of "Deposit Insurance Fund" for "affected deposit insurance fund", was repealed by Pub. L. 109–171. See Effective Date of 1996 Amendment note below and 2006 Amendment note above. (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (a), (b), (c)

    1994

    • Pub. L. 103–325, §602(a)(56), substituted "; or" for ", or". · (c)
    • Pub. L. 103–325, §602(a)(57), substituted "subparagraph" for "subparagraphs". · (d)
    • Pub. L. 103–325, §602(a)(58), substituted "and any other" for "any other". · (e)

    1991

    • Pub. L. 102–242 redesignated subsec. (i) as (h) and struck out former subsec. (h) which required that all savings associations with uninsured deposits disclose in clear and conspicuous statements that its deposits were not insured. · (h), (i)

    Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.