1 Legislative History of the State Taxation of Depositories Extension P.L. 94-222 1 (1976)

handle is hein.leghis/legstaxdep0001 and id is 1 raw text is: Public Law 94-222
94th Congress, S. 2672
Fe'bruary 27, 1976
51n 21[t
To extend the State Taxation of Depositories Act.
Be it enacted by the Senate and House of Representatives of the
United State8 of America in Congress as8embled, That subsection (c) State taxation
of the State Taxation of Depositories Act (section 7 (c) of Public Law  of depositories.
93-100) is amended by striking out January 1, 1976 and inserting in Extension.
lieu thereof September 12, 1976.                                  12 USC 548
SEC. 2. Section 2(a) of Public Law 93-100 (12 U.S.C. 1832(a)) is 'ate.
12 USC S48
amended by inserting after Massachusetts a comma and the follow- note.
ing: Connecticut, Rhode Island, Maine, Vermont,.
SEC. 3. (a) Section 103 of the Truth in Lending Act (15 U.S.C. 1602)
is amended by redesignating subsections (p), (q), and (r) as subsec-
tions (r), (s), and (t), respectively, and by adding after subsection
(o) the following:
(p) The term 'discount' as used in section 167 means a reduction Discount.
made from the regular price. The term 'discount' as used in section 167 15 USC 1666f.
shall not mean a surcharge.
(q) The term 'surcharge' as used in section 103 and section 167 Surcharge.
means any means of increasing the regular price to a cardholder which
is not imposed upon customers paying by cash, check, or similar
(b) Section 130(f) of the Truth in Lending Act (15 U.S.C. 1640(f))
is amended -to read as follows:
(f) No provision of this section or section 112 imposing any lia- IS USC 1611.
bility shall apply to any act done or omitted in good faith in con-
formity with any rule, regulation, or interpretation thereof by the
Board or in conformity with any interpretation or approval by an
official or employee of the Federal Reserve System duly authorized
by the Board to issue such interpretations or approvals under such
procedures -as the Board may prescribe therefor, notwithstanding
that after such act or omission has occurred, such rule, regulation,
interpretation, or approval is amended, rescinded, or determined by
judicial or other authority to be invalid for any reason..
(c) (1) Section 167 (a) of the Truth in Lending Act (15 U.S.C.
1666f) is amended by inserting (1) immediately after (a) and
by adding at the end thereof the following new paragraph:
(2) No seller in any sales transaction may impose a surcharge on Credit card
a cardholder who elects to use a credit card in lieu of payment by surcharge,
cash, check, or similar means..                                    prohibition.
(2) The amendment made by paragraph (1) shall cease to be effec- Expiration
tive upon the expiration of three years after the date of enactment date.
of this Act.                                                        15 USC 1666f

90 STAT. 197

What Is HeinOnline?

HeinOnline is a subscription-based resource containing nearly 2,700 academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.

Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline with pricing starting as low as $29.95

Access to this content requires a subscription. Please visit the following page to request a quote or trial:

Already a HeinOnline Subscriber?