---
type: "LegalText"
title: "12 U.S.C. § 4405"
description: "Preemption"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 12
title_name: "BANKS AND BANKING"
chapter_number: "45"
chapter_name: "PAYMENT SYSTEM RISK REDUCTION"
section: "4405"
citation: "12 U.S.C. § 4405"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
source_identifier: "/us/usc/t12/s4405"
source_file: "data/legal/raw/us/code/title-12/usc12.xml"
source_hash: "1ae457718df9928a349b69f532e020d7394a250bf6c45913e611fe88303c117f"
raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
text_hash: "f9c22b9748a426e540ac3ea371d3846b7c1c8d903123415c3cacff0727b40ce7"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---

# 12 U.S.C. § 4405 - Preemption

## Text

No stay, injunction, avoidance, moratorium, or similar proceeding or order, whether issued or granted by a court, administrative agency, or otherwise, shall limit or delay application of otherwise enforceable netting contracts in accordance with sections 4403 and 4404 of this title.

(Pub. L. 102–242, title IV, § 405, Dec. 19, 1991, 105 Stat. 2375.)