---
kind: "section"
citation: "12 U.S.C. § 4802"
title: "12"
title_heading: "Banks and Banking"
number: "4802"
heading: "Administrative consideration of burden with new regulations"
release: "119-102"
url: "https://uscodex.org/usc/12/4802"
units:
  - "Chapter 48 — Financial Institutions Regulatory Improvement"
---

# §4802. Administrative consideration of burden with new regulations

- (a) **Agency considerations—** In determining the effective date and administrative compliance requirements for new regulations that impose additional reporting, disclosure, or other requirements on [insured depository institutions](/usc/12/24a.md?p=g-2), each [Federal banking agency](/usc/12/1790d.md?p=o-1) shall consider, consistent with the principles of safety and soundness and the public interest—
  - (1) any administrative burdens that such regulations would place on [depository institutions](/usc/12/24a.md?p=g-2), [including](/usc/12/25b.md?p=a-3) small [depository institutions](/usc/12/24a.md?p=g-2) and customers of [depository institutions](/usc/12/24a.md?p=g-2); and
  - (2) the benefits of such regulations.
- (b) **Adequate transition period for new regulations—**
  - (1) **In general—** New regulations and amendments to regulations prescribed by a [Federal banking agency](/usc/12/1790d.md?p=o-1) which impose additional reporting, disclosures, or other new requirements on [insured depository institutions](/usc/12/24a.md?p=g-2) shall take effect on the first day of a calendar quarter which begins on or after the date on which the regulations are published in final form, unless—
    - (A) the [agency](/usc/12/1422.md?p=12) determines, for good cause published with the regulation, that the regulation should become effective before such time;
    - (B) the regulation is issued by the [Board](/usc/12/221a.md?p=a) of Governors of the Federal Reserve System in connection with the implementation of monetary policy; or
    - (C) the regulation is required to take effect on a date other than the date determined under this paragraph pursuant to any other Act of Congress.
  - (2) **Early compliance—** [Any person](/usc/12/1715z–4a.md?p=a-2) who is subject to a regulation described in [paragraph (1)](#b-1) may comply with the regulation before the effective date of the regulation.

## Source credit

(Pub. L. 103–325, title III, § 302, Sept. 23, 1994, 108 Stat. 2214.)