,,ii  #aai? ,,congress  #b;d ,session   
,s4 #chhi  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,febru>y #ab1 #bjbf,mr4
 ,mor5o introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to re/ore & cl>ify ! int5t ( ! 
,f$]al int]e/ rate exportation p>ity =  
,/ate-*>t]$ banks by all[+ ,/ates to opt
 out ( preemption only ) respect to     
loans made by _! own *>t]$ in/itutions1 
& = o!r purposes4  #a4 ,%ort title ,?is 
,act may be cit$ z ! ,am]ican ,l5d+     
,fairness ,act ( #bjbf4  #b4 ,int]e/    
rate applicable to out-(-,/ate *>t]$    
f9ancial in/itutions  7a7 ,insur$       
depository in/itutions ,section #bg ( ! 
,f$]al ,deposit ,insurance ,act 7#ab    
,u4,s4,c4 #ahca;d7 is am5d$ by add+ at !
 end ! foll[+3  7c7 ,if a ,/ate adopts a
 law or c]tifies t ! vot]s ( ! ,/ate h  
vot$ 9 favor ( any provision1           
con/itutional or o!rwise1 t /ates       
explicitly & by its t]ms t ! ,/ate does 
n want ?is subsection to apply ) respect

 to loans made by in/itutions *>t]$ by t
 ,/ate1 subsection 7a7 %all n apply to  
loans made by 7or = :i* a commitm5t to  
make su* loan 0 ent]$ into by7 su*      
in/itutions aft] ! date on :i* t law is 
adopt$ or su* c]tification is made4  4  
7b7 ,insur$ cr$it unions ,section       
#bje7;g7 ( ! ,f$]al ,cr$it ,union ,act  
7#ab ,u4,s4,c4 #aghe7;g77 is am5d$ by   
add+ at ! end ! foll[+3  7#c7 ,if a     
,/ate adopts a law or c]tifies t ! vot]s
 ( ! ,/ate h vot$ 9 favor ( any         
provision1 con/itutional or o!rwise1 t  
/ates explicitly & by its t]ms t ! ,/ate
 does n want ?is subsection to apply )  
respect to loans made by in/itutions    
*>t]$ by t ,/ate1 p>agraph 7#a7 %all n  
apply to loans made by 7or = :i* a      
commitm5t to make su* loan 0 ent]$ into 
by7 su* in/itutions aft] ! date on :i* t
 law is adopt$ or su* c]tification is   
made4  4  7c7 ,repeal  7#a7 ,9 g5]al    
,section #ebe ( ! ,depository           
,in/itutions ,d]egulation & ,monet>y    
,control ,act ( #aihj 7#ab ,u4,s4,c4    

#agcj;g note7 is h]eby repeal$4  7#b7   
,application ,! am5dm5ts made by        
subsections 7a7 & 7b7 %all apply )      
respect to1 & gov]n ! legal effect (1   
any ,/ate law adopt$ or c]tification    
made pursuant to section #ebe ( !       
,depository ,in/itutions ,d]egulation & 
,monet>y ,control ,act ( #aihj 7#ab     
,u4,s4,c4 #agcj;g note7 be=e ! date (   
enactm5t ( ?is ,act4