PUBLIC LAW 97-25—JULY 27, 1981
95 STAT. 145
SEC. 202. Not later than two years after the date of enactment of this Act, the Board of Governors of the Federal Reserve System shall prepare a study, on the basis of a review and analysis of such data and studies as it finds appropriate, and shall submit its findings to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Banking, Finance and Urban Affairs of the House of Representatives on the effect of charge card transactions upon card issuers, merchants, and consumers, including to the extent possible— (1) the effects of charge card transactions on retail sales; (2) the effect of charge card usage on consumers and on merchants, including the effects on merchant cost; and (3) the effect of charge card usage on the pricing of goods and services, with a comparison of the costs resulting from payment by (A) currency and coin, (B) by personal check or similar instrument, (C) by in-house credit plans, and (D) by charge card.
Study findings, submittal to congressional committees. 15 USC 1601 note.
TITLE m—MISCELLANEOUS SEC. 301. Section 625(c) of Public Law 96-221 is amended by adding at the end thereof the following: "Any creditor who elects to comply with such amendments and any assignee of such a creditor shall be subject to the provisions of sections 130 and 131 of the Truth in Lending Act, as amended by sections 615 and 616, respectively, of this title.". SEC. 302. Section 5137 of the Revised Statutes (12 U.S.C. 29) is amended by adding at the end thereof the following new paragraph: "Notwithstanding any other provision of this section, any national banking association which, on the date of enactment of this paragraph, held title to and possession of real estate which was carried on the association's books at a nominal value on December 31, 1979, may continue to hold such real estate until December 31, 1982, if the earnings from such real estate are separately disclosed in the financial statements of the association.". SEC. 303. (a) Section 204 of the Public Health Service Act is amended by inserting after the first sentence the following new sentence: The President may appoint to the office of Surgeon General an individual who is sixty-four years of age or older.". db) Section 211(a)(1) of such Act is amended by adding at the end thereof the following new sentence: "This paragraph does not apply to the Surgeon General of the United States.". Approved July 27, 1981.
LEGISLATIVE HISTORY—H.R. 31 (H.R. 3132) (S. 414): HOUSE REPORT No. 97-159 (Comm. of Conference). SENATE REPORT No. 97-23 accompanying S. 414 (Coram, on Banking, Housing, and Urban Affairs). CONGRESSIONAL RECORD, Vol. 127 (1981): Feb. 24, considered and passed House. Mar. 5, S. 414 considered in Senate. Mar. 12, considered and passed Senate, amended, in lieu of S. 414. May 4, H.R. 3182 considered and passed House. May 20, June 24, House considered and agreed to conference report. July 14, Senate agreed to conference report.
94 Stat. 185. 15 USC 1602 note.
94 Stat. 180, 182. 15 USC 1640, 1641. 94 Stat. 186.
Presidential appointee. 42 USC 205. 42 USC 212.
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