WHAT THE LAW DOINCongress, in plain words

The law › Title 12, Banks and Banking › Chapter 6

12 U.S.C. 601: Authorization; conditions and regulations

Created in 1966 by Public Law 89-485. Not changed since. No bill we track in this Congress changes it.

26 other sections of the Code cite this one, including 7 U.S.C. 1a, 7 U.S.C. 27, 12 U.S.C. 24a, 12 U.S.C. 36, 12 U.S.C. 461.

2 parts of federal rules cite it as their authority, written by Federal Reserve System (2).

This Congress

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

    How it got here

    1966

    • Pub. L. 89–485 struck out "either or both of" before "the following powers" in introductory par.
    • Pub. L. 89–485 added par. Third.

    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.