12 U.S.C. § 1717a — Prohibition against sale of obligations by Federal departments and agencies after June 30, 1966, without compliance with requirements of section 1717(c) of this title or without approval by Secretary of the Treasury; exemption

submitted 60 years ago by Pub. L. 89-429 to r/title-12-BANKS-AND-BANKING · 55 words · no verdicts yet

in plain englishAI-generated · not legal advice

After June 30, 1966, listed federal departments and agencies may sell an obligation they hold only under the specified statutory procedure or with Treasury Secretary approval. The prohibition does not apply to the Government National Mortgage Association.

After June 30, 1966 , no department or agency listed in section 1717(c)(2) of this title may sell any obligation held by it except as provided in section 1717(c) of this title , or as approved by the Secretary of the Treasury, except that this prohibition must not apply to the Government National Mortgage Association.

the actual law source: uscode.house.gov ↗public domain

After June 30, 1966, no department or agency listed in section 1717(c)(2) of this title may sell any obligation held by it except as provided in section 1717(c) of this title, or as approved by the Secretary of the Treasury, except that this prohibition shall not apply to the Government National Mortgage Association.

Source credit: (Pub. L. 89–429, § 6(b), May 24, 1966, 80 Stat. 167; Pub. L. 90–448, title VIII, § 807(g), Aug. 1, 1968, 82 Stat. 545.)

history & why it existsrecord from the source credit

1966Enacted · Pub. L. 89-429 · 80 Stat. 167
1968Amended · Pub. L. 90-448 · 82 Stat. 545

A history note hasn’t been published yet. The record shows enactment by Pub. L. 89-429 on 1966-05-24.

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