§ 1693p. — Reports to Congress.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC1693p]
TITLE 15--COMMERCE AND TRADE
CHAPTER 41--CONSUMER CREDIT PROTECTION
SUBCHAPTER VI--ELECTRONIC FUND TRANSFERS
Sec. 1693p. Reports to Congress
(a) Not later than twelve months after the effective date of this
subchapter and at one-year intervals thereafter, the Board shall make
reports to the Congress concerning the administration of its functions
under this subchapter, including such recommendations as the Board deems
necessary and appropriate. In addition, each report of the Board shall
include its assessment of the extent to which compliance with this
subchapter is being achieved, and a summary of the enforcement actions
taken under section 1693o of this title. In such report, the Board shall
particularly address the effects of this subchapter on the costs and
benefits to financial institutions and consumers, on competition, on the
introduction of new technology, on the operations of financial
institutions, and on the adequacy of consumer protection.
(b) In the exercise of its functions under this subchapter, the
Board may obtain upon request the views of any other Federal agency
which, in the judgment of the Board, exercises regulatory or supervisory
functions with respect to any class of persons subject to this
subchapter.
(Pub. L. 90-321, title IX, Sec. 918, as added Pub. L. 95-630, title XX,
Sec. 2001, Nov. 10, 1978, 92 Stat. 3740; amended Pub. L. 97-375, title
II, Sec. 209(a), Dec. 21, 1982, 96 Stat. 1825.)
References in Text
For effective date of this subchapter, referred to in subsec. (a),
see section 921 of Pub. L. 90-321, set out as an Effective Date note
under section 1693 of this title.
Amendments
1982--Subsec. (a). Pub. L. 97-375 struck out requirement that the
Attorney General make a report on the same terms as the Board, and that
such report also contain an analysis of the impact of this subchapter on
the operation, workload, and efficiency of the Federal courts, and
substituted ``necessary and appropriate'' for ``necessary or
appropriate''.
