WHAT THE LAW DOINCongress, in plain words

The law › Title 12, Banks and Banking › Chapter 2

12 U.S.C. 24a: Financial subsidiaries of national banks

Created in 1999 by the Gramm-Leach-Bliley Act (Public Law 106-102). Changed by 1 later law. No bill we track in this Congress changes it.

6 other sections of the Code cite this one, including 12 U.S.C. 335, 12 U.S.C. 371c, 12 U.S.C. 1831w, 12 U.S.C. 1843, 12 U.S.C. 1971.

2 parts of federal rules cite it as their authority, written by Comptroller of the Currency, Department of the Treasury (1), Department of the Treasury (1).

This Congress

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

    How it got here

    2010

    • Pub. L. 111–203, §939(d)(1), substituted "standards of credit-worthiness established by the Comptroller of the Currency" for "any applicable rating". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (a)
    • Pub. L. 111–203, §939(d)(2), substituted "Requirement" for "Rating or comparable requirement" in heading. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (a)
    • Pub. L. 111–203, §939(d)(3), amended subpar. (A) generally. Prior to amendment, text read as follows: "A national bank meets the requirements of this paragraph if— (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (a)
    • Pub. L. 111–203, §939(d)(4), substituted "meet standards of credit-worthiness" for "maintain public rating or" in heading. (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (f)
    • Pub. L. 111–203, §939(d)(5), substituted "standards of credit-worthiness established by the Comptroller of the Currency" for "any applicable rating". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (f)

    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.