12 U.S.C. § 2808 — Effective date

(a) In general This chapter must take effect on the one hundred and eightieth day beginning after December 31, 1975. Any institution specified in section 2802(2)(A) 1 of this title which has total assets as of its last full fiscal year of $10,000,000 or less is exempt from the provisions of this chapter. The Bureau, in consultation with the Secretary, can exempt institutions described in section 2802(2)(B) 1 of this title that are comparable within their respective industries to institutions that are exempt under the preceding sentence (as determined without regard to the adjustment made by subsection (b)). (b) CPI adjustments (1) In general Subject to paragraph (2), the dollar amount applicable about institutions described in section 2802(2)(A) 1 of this title under the 2d sentence of subsection (a) must be adjusted annually after December 31, 1996, by the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers published by the Bureau of Labor Statistics. (2) 1-time adjustment for prior inflation The first adjustment made under paragraph (1) after September 30, 1996, must be the percentage by which — (A) the Consumer Price Index described in such paragraph for the calendar year 1996, exceeds (B) such Consumer Price Index for the calendar year 1975. (3) Rounding The dollar amount applicable under paragraph (1) for any calendar year must be the amount determined following subparagraphs (A) and (B) of paragraph (2) and rounded to the nearest multiple of $1,000,000.