§ 1846. Reservation of rights to States

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1956

   May 9, 1956, ch. 240, § 7, 70 Stat. 138 · 70 Stat. 138

   Enacted · 12 U.S.C. § 1846

   May 9, 1956, ch. 240, § 7, 70 Stat. 138

   Source evidence

   Code source credit
   May 9, 1956, ch. 240, § 7, 70 Stat. 138

2. 1987

   Competitive Equality Amendments of 1987

   Pub. L. 100–86 title I § 101(f) · 101 Stat. 552

   1. Substituted · 12 U.S.C. § 1846

      Pub. L. 100–86 substituted “No provision of this chapter shall” for “The enactment by the Congress of this chapter shall not”

   2. Inserted · 12 U.S.C. § 1846

      Pub. L. 100–86 inserted “companies,” before “banks,”

   Source evidence

   Code amendment note
   Pub. L. 100–86 substituted “No provision of this chapter shall” for “The enactment by the Congress of this chapter shall not” and inserted “companies,” before “banks,”.

   Enacted provision · exact public law section
   (f) Effect on State Authority To Regulate.— Section 7 of the Bank Holding Company Act of 1956 (12 U.S.C. 1846) is amended— (1) by striking out “The enactment by the Congress of the Bank Holding Company Act of 1956 shall not” and inserting in lieu thereof “No provision of this Act shall”; and (2) by inserting “companies,” before “banks”.

3. 1994

   Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994

   Pub. L. 103–328 title I § 101(b) · 108 Stat. 2338

   1. Amended · 12 U.S.C. § 1846

      Pub. L. 103–328 designated existing provisions as subsec. (a)

   2. Inserted · 12 U.S.C. § 1846

      Pub. L. 103–328 inserted heading

   3. Added · 12 U.S.C. § 1846

      Pub. L. 103–328 added subsec. (b)

   Source evidence

   Code amendment note
   Pub. L. 103–328 designated existing provisions as subsec. (a), inserted heading, and added subsec. (b).

   Enacted provision · exact public law section
   (b) State Taxation Authority Not Affected.— Section 7 of the Bank Holding Company Act of 1956 (12 U.S.C. 1846) is amended— (1) by striking “No provision” and inserting “(a) In General.—No provision”; and (2) by adding at the end the following new subsection: “(b) State Taxation Authority Not Affected.— No provision of this Act shall be construed as affecting the authority of any State or political subdivision of any State to adopt, apply, or administer any tax or method of taxation to any bank, bank holding company, or foreign bank, or any affiliate of any bank, bank holding company, or foreign bank, to the extent that such tax or tax method is otherwise permissible by or under the Constitution of the United States or other Federal law.”.

   Effective date note
   Amendment by Pub. L. 103–328 effective at end of 1-year period beginning on Sept. 29, 1994, see section 101(e) of Pub. L. 103–328, set out as a note under section 1828 of this title.

5 of 6 references resolved to an enrolled provision · 1 partial