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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 4802 Administrative consideration of burden with new regulations us united_states_code code_section 12 BANKS AND BANKING 48 FINANCIAL INSTITUTIONS REGULATORY IMPROVEMENT 4802 12 U.S.C. § 4802 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s4802 data/legal/raw/us/code/title-12/usc12.xml 4f560cae4f2d2fca9cd2331d9fd232c235556c7ee22bdb751a70ef952e9bd9bd e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 97d7739735ec5edffd8f4577c7d0c9b394aa9041137ce89614212c56cb1bd358 2026-07-04 official
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12 U.S.C. § 4802 - Administrative consideration of burden with new regulations

Text

(a) Agency considerations In determining the effective date and administrative compliance requirements for new regulations that impose additional reporting, disclosure, or other requirements on insured depository institutions, each Federal banking agency shall consider, consistent with the principles of safety and soundness and the public interest—

(1) any administrative burdens that such regulations would place on depository institutions, including small depository institutions and customers of depository institutions; and

(2) the benefits of such regulations.

(b) Adequate transition period for new regulations (1) In general New regulations and amendments to regulations prescribed by a Federal banking agency which impose additional reporting, disclosures, or other new requirements on insured depository institutions shall take effect on the first day of a calendar quarter which begins on or after the date on which the regulations are published in final form, unless—

(A) the agency determines, for good cause published with the regulation, that the regulation should become effective before such time;

(B) the regulation is issued by the Board of Governors of the Federal Reserve System in connection with the implementation of monetary policy; or

(C) the regulation is required to take effect on a date other than the date determined under this paragraph pursuant to any other Act of Congress.

(2) Early compliance Any person who is subject to a regulation described in paragraph (1) may comply with the regulation before the effective date of the regulation.

(Pub. L. 103325, title III, § 302, Sept. 23, 1994, 108 Stat. 2214.)