[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5767 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 5767

To prohibit the Secretary of the Treasury and the Board of Governors of 
the Federal Reserve System from proposing, prescribing, or implementing 
 any regulation under subchapter IV of chapter 53 of title 31, United 
                  States Code, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 10, 2008

 Mr. Frank of Massachusetts (for himself and Mr. Paul) introduced the 
   following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
To prohibit the Secretary of the Treasury and the Board of Governors of 
the Federal Reserve System from proposing, prescribing, or implementing 
 any regulation under subchapter IV of chapter 53 of title 31, United 
                  States Code, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PROHIBITION.

    The Secretary of the Treasury and the Board of Governors of the 
Federal Reserve System, whether acting jointly or separately, may not 
propose, prescribe, or implement any regulation under subchapter IV of 
chapter 53 of title 31, United States Code, or otherwise give effect to 
such subchapter or any such regulation, including the proposed 
regulations published in the Federal Register on October 4, 2007.
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