Summary

Makes two narrow edits to existing banking law text under the heading “Investments to promote the public welfare.” It replaces a specific term in a sentence of 12 U.S.C. 24 and replaces a specific term in a sentence of 12 U.S.C. 338a. These are technical, textual fixes and do not create new programs, funding, or regulatory duties.

Key Points

• Makes two narrow textual edits to existing statutes under “Investments to promote the public welfare.”
• Edits occur in 12 U.S.C. 24 (Revised Statutes) and 12 U.S.C. 338a (Federal Reserve Act).
• Changes strike a term in the fifth sentence of specified paragraphs and insert replacement text.
• No new programs, funding, regulatory duties, or tax changes are created.
• Primarily editorial: intended to correct or clarify statutory wording or numbering.
• Likely minimal practical impact on banks, regulators, or the public beyond clarifying text.
• No effective-date language is specified in the provided summary.
• Does not alter substantive authority of national banks or the Federal Reserve as described in these provisions.

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