Code · BILL · 113th Congress · H.R. 4060 (Introduced in House) — To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to specify when bank holding companies may be... · Sec. 5

Sec. 5. Effective date

111 words·~1 min read·/bill/113/hr/4060/ih/section-5

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Subject to subsection (b), the amendments made by this Act shall take effect one year after the date of enactment of this Act. Notwithstanding subsection (a), with respect to a bank holding company that has been identified by the Financial Stability Board as a Global Systemically Important Financial Institution, the Financial Stability Oversight Council may, upon enactment of this Act, begin proceedings for a determination under section 113(c) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, as added by section 3(b)(3), but the Council may not make a final determination under such section 113(c) with respect to a bank holding company before the effective date described under subsection (a).