Riegle-Neal Amendments Act of 1997
PL 105-24 (H.R.1306), enacted 07/03/1997

I l l STAT. 238 
PUBLIC LAW 105-24-^JULY 3, 1997 
Public Law 105-24 
105th Congress 
An Act 
July 3, 1997 
To amend Federal law to clarify the applicability of host State laws to any branch 
[HR 13061 
^^ ^^'^^ State of an out-of-State bank, and for other purposes. 
Be it enacted by the Senate and House of Representatives 
of 
Riegle-Neal 
the United States of America in Congress assembled, 
Amendments Act 
of 1997. 
SECTION 1. SHORT TITLE. 
12 use 1811 
note. 
This Act may be cited as the "Riegle-Neal Amendments Act 
of 1997". 
SEC. 2. INTERSTATE BRANCHING. 
(a) ACTIVITIES OF BRANCHES OF OUT-OF-STATE BANKS.—Sub-
section 24(j) of the Federal Deposit Insurance Act (12 U.S.C. 
1831a(j)) is amended to read as follows: 
"(j) ACTIVITIES OF BRANCHES OF OUT-OF-STATE BANKS.— 
"(1) APPLICATION OF HOST STATE LAW.—The laws of a host 
State, including laws regarding community 
reinvestment, 
consumer protection, fair lending, and 
establishment 
of 
intrastate branches, shall apply to any branch in the host 
State of an out-of-State State bank to the same extent as 
such State laws apply to a branch in the host State of an 
out-of-State national bank. To the extent host State law is 
inapplicable to a branch of an out-of-State State bank in such 
host State pursuant to the preceding sentence, home State 
law shall apply to such branch. 
"(2) ACTIVITIES OF BRANCHES.—^An insured State bank that 
establishes a branch in a host State may conduct any activity 
at such branch that is permissible under the laws of the home 
State of such bank, to the extent such activity is permissible 
either for a bank chartered by the host State (subject to the 
restrictions in this section) or for a branch in the host State 
of an out-of-State national bank. 
"(3) SAVINGS PROVISION.—No provision of this subsection 
shall be construed as affecting the applicability of— 
"(A) any State law of any home State under subsection 
(b), (c), or (d) of section 44; or 
"(B) Federal law to State banks and State bank 
branches in the home State or the host State. 
"(4) DEFINITIONS.—^The terms 'host State', 'home State', 
and 'out-of-State bank' have the same meanings as in section 
44(f).". 
PUBLIC LAW 105-24-^ULY 3, 1997 
111 STAT. 239 
(b) LAW APPLICABLE TO INTERSTATE BRANCHING 
OPERATIONS.— 
Section 5155(f)(1) of the Revised Statutes (12 U.S.C. 36(f)(1)) is 
amended by adding at the end the following: 
"(C) 
REVIEW AND REPORT ON ACTIONS BY COMPTROL-
LER.—^The Comptroller of the Currency shall conduct an 
annual review of the actions it has taken with regard 
to the applicability of State law to national banks (or 
their branches) during the preceding year, and shall 
include in its annual report required under section 333 
of the Revised Statutes (12 U.S.C. 14) the results of the 
review and the reasons for each such action. The first 
such review and report after the date of enactment of 
this subparagraph shall encompass all such actions taken 
on or after January 1, 1992.". 
SEC. 3. RIGHT OF STATE TO OPT OUT 
12 USC 1831a 
Nothing in this Act alters the right of States under section 
525 of Public Law 96-221. 
Approved July 3, 1997. 
LEGISLATIVE HISTORY—H.R. 1306: 
CONGRESSIONAL RECORD, Vol. 143 (1997): 
May 21, considered and passed House. 
June 12, considered and passed Senate, amended. 
June 24, House concurred in Senate amendment.