The law › Title 12, Banks and Banking › Chapter 3

12 U.S.C. 378: Dealers in securities engaging in banking business; individuals or associations engaging in banking business; examinations and reports; penalties

Created in 1959 by Public Law 86-230. Changed by 2 later laws. No bill we track in this Congress changes it.

2 parts of federal rules cite it as their authority, written by Federal Deposit Insurance Corporation (2).

How it got hereLaws that created or changed it, newest first

1978Pub. L. 95-369

1968Pub. L. 90-448

1959Pub. L. 86-230created it

12 U.S.C. 378Dealers in securities engaging in banking business; individuals or associations engaging in banking business; examinations and reports; penalties

(a)After the expiration of one year after June 16, 1933, it shall be unlawful—

(b)Whoever shall willfully violate any of the provisions of this section shall…

This CongressBills that change it or would

None we track

past change
enacted this Congress
proposed

This Congress

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

How it got here

1978

Pub. L. 95–369 inserted reference to permission by the United States to engage in such business and subjection by the laws of the United States to examination and regulation. · (a)

1968

Pub. L. 90–448 inserted ", or issuing securities" in first proviso. · (a)

1959

Pub. L. 86–230 inserted "and subjected, by the laws of the United States, or of the State, Territory, or District wherein located, to examination and regulation," after "District," in cl. (2)(A). · (a)

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.