"Plain language" requirement for Federal banking agency rules

  1. Law
  2. USC 12
  3. Banks And Banking
  4. FINANCIAL INSTITUTIONS REGULATORY IMPROVEMENT
  5. "Plain language" requirement for Federal banking agency rules

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§4809. "Plain language" requirement for Federal banking agency rules

(a) In general

Each Federal banking agency shall use plain language in all proposed and final rulemakings published by the agency in the Federal Register after January 1, 2000.

(b) Report

Not later than March 1, 2001, each Federal banking agency shall submit to the Congress a report that describes how the agency has complied with subsection (a).

(c) Definition

For purposes of this section, the term "Federal banking agency" has the meaning given that term in section 1813 of this title.

( Pub. L. 106–102, title VII, §722, Nov. 12, 1999, 113 Stat. 1471 .)

Codification

Section was enacted as part of the Gramm-Leach-Bliley Act, and not as part of title III of Pub. L. 103–322 which comprises this chapter.


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