---
kind: "section"
citation: "12 C.F.R. § 253.6"
title: "12"
number: "253.6"
heading: "Preemption."
url: "https://uscodex.org/cfr/12/253.6"
---

# §253.6. Preemption.


Pursuant to [section 107](/cfr/12/107.md) of the Adjustable Interest Rate (LIBOR) Act, [12 U.S.C. 5806](/usc/12/5806.md), this part supersedes any provision of any state or local law, statute, rule, regulation, or standard—

- (a) Relating to the selection or use of a benchmark replacement or related conforming changes; or
- (b) Expressly limiting the manner of calculating interest, including the compounding of interest, as that provision applies to the selection or use of a Board-selected benchmark replacement or benchmark replacement conforming changes.

## Notes

### Authority

Authority: 12 U.S.C. 5801 et seq.

### Source

Source: 88 FR 5220, Jan. 26, 2023, unless otherwise noted.