The law › Title 12, Banks and Banking › Chapter 45

12 U.S.C. 4403: Bilateral netting

Created in 1991 by Public Law 102-242. Changed by 3 later laws. No bill we track in this Congress changes it.

1 other section of the Code cite this one, including 12 U.S.C. 5390.

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

2010Dodd-Frank Wall Street Reform and Consumer Protection Act

2006Financial Netting Improvements Act of 2006

2005Bankruptcy Abuse Prevention and Consumer Protection Act of 2005

1991Pub. L. 102-242created it

12 U.S.C. 4403Bilateral netting

(a)General rule

(b)Limitation on obligation to make payment

(c)Limitation on right to receive payment

(d)Payment of net entitlement of failed financial institution

(e)Effectiveness notwithstanding status as financial institution

(f)Enforceability of security agreements

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

2010

Pub. L. 111–203 inserted "section 5390(c) of this title, section 4617 of this title," after "section 1821(e) of this title,". (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (a)

2006

Pub. L. 109–390 struck out "paragraphs (8)(E), (8)(F), and (10)(B) of" before "section 1821(e)" and "section 1787(c)" and inserted "terminated, liquidated, accelerated, and" after "institutions shall be". (Financial Netting Improvements Act of 2006) Law text · (a)
Pub. L. 109–390, §4(a)(1), struck out "paragraphs (8)(E), (8)(F), and (10)(B) of" before "section 1821(e)" and "section 1787(c)". (Financial Netting Improvements Act of 2006) Law text · (f)

2005

Pub. L. 109–8, §906(b)(1), added subsec. (a) and struck out heading and text of former subsec. (a). Text read as follows: "Notwithstanding any other provision of law, the covered contractual payment obligations and the covered contractual payment entitlements between any 2 financial in… (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) Law text · (a)
Pub. L. 109–8, §906(b)(2), added subsec. (f). (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005) 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.