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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. § 5806 Preemption us united_states_code code_section 12 BANKS AND BANKING 55 ADJUSTABLE INTEREST RATE (LIBOR) 5806 12 U.S.C. § 5806 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/s5806 data/legal/raw/us/code/title-12/usc12.xml ccbb0ee0622de9481f9dbe92b3f1631da1bc7aff864a1bd3bc828069a3e7c009 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 3d33d0a8f6738a9907b7b14242fa924920ce8ff2a3eb5b7d2cf32d96d361d175 2026-07-04 official
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12 U.S.C. § 5806 - Preemption

Text

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. 117103, div. U, § 107, Mar. 15, 2022, 136 Stat. 832.)

Notes

Editorial Notes

References in TextThis chapter, referred to in text, was in the original “this division”, meaning div. U of Pub. L. 117103, Mar. 15, 2022, 136 Stat. 825, 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 section 5801 of this title and Tables.