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Code · BILL · 118th Congress · S. 4155 (Introduced in Senate) — To provide for effective regulation of payment stablecoins, and for other purposes. · Sec. 13

Sec. 13. Reservation of authority

240 words·~1 min read·/bill/118/s/4155/is/section-13

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

Nothing in this Act shall limit the authority of the Board, Comptroller, State bank supervisors, the Secretary of the Treasury, the Bureau of Consumer Financial Protection, the Securities and Exchange Commission, or the Commodity Futures Trading Commission under any provision of law with respect to any person subject to this Act. The provisions of this Act and rules issued pursuant to this Act shall not preempt a law of a State except to the extent such law conflicts with the provisions of this Act, and then only to the extent of such conflict. Nothing in this Act shall be construed to modify, impair, or supersede the operation of any of the Federal antitrust laws, as defined in subsection
(a)of the first section of the Clayton Act ( 15 U.S.C. 12(a) ) or statutes proscribing unfair or deceptive acts or practices, as defined in section 5(a)(4) of the Federal Trade Commission Act ( 15 U.S.C. 45(a)(4) ). Nothing in this Act shall be construed to limit the authority of an insured depository institution (as defined in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813 )) to engage in activities permissible pursuant to applicable State and Federal law, including accepting or receiving deposits and issuing crypto assets that represent, and have the same legal standing as, deposits, or to limit the authority of the Federal banking agencies to interpret or establish limitations and conditions on such activities.
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Sec. 13
Reservation of authority
U.S.C.§ 12
U.S.C.§ 45
U.S.C.§ 1813
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