WHAT THE LAW DOINCongress, in plain words

The law › Title 12, Banks and Banking › Chapter 22

12 U.S.C. 1971: Definitions

Created in 1970 by Public Law 91-607. Changed by 1 later law. No bill we track in this Congress changes it.

3 other sections of the Code cite this one, including 7 U.S.C. 2016, 12 U.S.C. 1843, 15 U.S.C. 6701.

This Congress

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

    How it got here

    1999

    • Pub. L. 106–102 inserted at end "For purposes of this chapter, a financial subsidiary of a national bank engaging in activities pursuant to section 24a(a) of this title shall be deemed to be a subsidiary of a bank holding company, and not a subsidiary of a bank." (Gramm-Leach-Bliley Act) Law text

    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.