Title 12 — Banks and BankingRelease 119-73not60
§4638 Private Rights of Action
Title 12 › Chapter 46— GOVERNMENT SPONSORED ENTERPRISES › Subchapter III— ENFORCEMENT PROVISIONS › § 4638
Summary
Prevents new lawsuits against regulated companies or their directors and executives, and preserves existing lawsuits.
Full Legal Text
Title 12, §4638
Banks and Banking — Source: USLM XML via OLRC
This chapter shall not create any private right of action on behalf of any person against a regulated entity, or any director or executive officer of a regulated entity, or impair any existing private right of action under other applicable law.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
This chapter, referred to in text, was in the original “this title and the
Amendments
made by this title”, meaning title XIII of Pub. L. 102–550, Oct. 28, 1992, 106 Stat. 3941, which is classified principally to this chapter. For complete classification of title XIII to the Code, see
Short Title
note set out under section 4501 of this title and Tables.
Prior Provisions
A prior section 1379A of Pub. L. 102–550 was renumbered section 1379C and is classified to section 4640 of this title.
Amendments
2008—Pub. L. 110–289, § 1156(b)(2), which directed substitution of “a regulated entity” for “an enterprise”, was executed by making the substitution in two places to reflect the probable intent of Congress.
Reference
Citations & Metadata
Citation
12 U.S.C. § 4638
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60