Public Law 119-73 (01/23/2026)

12 U.S.C. § 5806

Preemption

This chapter, and regulations promulgated under this chapter, shall supersede any provision of any State or local law, statute, rule, regulation, or standard—
(1)
relating to the selection or use of a benchmark replacement or related conforming changes; or
(2)
expressly limiting the manner of calculating interest, including the compounding of interest, as that provision applies to the selection or use of a Board-selected benchmark replacement or benchmark replacement conforming changes.

Pub. L. 117–103, div. U, § 107136 Stat. 832(, , .)

Editorial Notes

References in Text

Pub. L. 117–103136 Stat. 825section 5801 of this titleThis chapter, referred to in text, was in the original “this division”, meaning div. U of , , , known as the Adjustable Interest Rate (LIBOR) Act, which is classified principally to this chapter. For complete classification of div. U to the Code, see Short Title note set out under and Tables.