The public comment period for this legislation has now ended.
TITLE I - Troubled Assets Relief Program
Sec. 128. ACCELERATION OF EFFECTIVE DATE. (3 Comments)
Section 203 of the Financial Services Regulatory Relief Act of 2006 (12 U.S.C. 461 note) is amended by striking October 1, 2011 and inserting October 1, 2008.
3 comments on Sec. 128. ACCELERATION OF EFFECTIVE DATE.
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So effective on passage, banks are not required to keep any reserves on deposits?
posted by JWinOC at October 1, 2008 -
Yup, JWin, that's exactly what it says.
posted by LarryE at October 2, 2008 -
How can a bill be effective on Oct 1, 2008 when it wasn't signed until Oct 3, 2008? What's up with that?
posted by Melanie for FREEDOM! at October 4, 2008
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