WHAT THE LAW DOINCongress, in plain words

The law › Title 15, Commerce and Trade › Chapter 109

15 U.S.C. 8305: Prohibition against Federal Government bailouts of swaps entities

Created in 2010 by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Public Law 111-203). Changed by 1 later law. No bill we track in this Congress changes it.

1 part of federal rules cite it as their authority, written by Federal Reserve System (1).

This Congress

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

    How it got here

    2014

    • Pub. L. 113–235, §630(1)(A), substituted "covered depository institution" for "insured depository institution". (Consolidated and Further Continuing Appropriations Act, 2015) Law text · (b)
    • Pub. L. 113–235, §630(1)(B), added par. (3). (Consolidated and Further Continuing Appropriations Act, 2015) Law text · (b)
    • Pub. L. 113–235, §630(2), in heading, substituted "covered" for "insured" and, in text, substituted "a covered" for "an insured", "such covered" for "such insured", and "savings and loan holding company, or foreign banking organization (as such term is defined under Regulation K of the… (Consolidated and Further Continuing Appropriations Act, 2015) Law text · (c)
    • Pub. L. 113–235, §630(3), amended subsec. (d) generally. Prior to amendment, text read as follows: "The prohibition in subsection (a) shall apply to any insured depository institution unless the insured depository institution limits its swap or security-based swap activities to: (Consolidated and Further Continuing Appropriations Act, 2015) Law text · (d)
    • Pub. L. 113–235, §630(4), substituted "a covered" for "an insured". (Consolidated and Further Continuing Appropriations Act, 2015) Law text · (e)
    • Pub. L. 113–235, §630(5), substituted "a covered depository" for "an insured depository" and substituted "the covered depository" for "the insured depository" wherever appearing. (Consolidated and Further Continuing Appropriations Act, 2015) 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.