Rep. Barney Frank Introduces HR 5251, the Preservation of Federalism in Banking Act

October 19, 2004

With HR 5251, the Preservation of Federalism in Banking Act, Rep. Barney Frank seeks to clarify the applicability of State law to national banks It is intended to have state consumer laws of general applicability apply to national banks, and to have state laws apply to non-depository operating subsidiaries of national banks.