12 CFR § 253.6 - Preemption.

---
identifier: "/us/cfr/t12/s253.6"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 253.6 - Preemption."
title_number: 12
title_name: "Banks and Banking"
section_number: "253.6"
section_name: "Preemption."
chapter_name: "FEDERAL RESERVE SYSTEM"
subchapter_number: "A"
subchapter_name: "BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM"
part_number: "253"
part_name: "REGULATIONS IMPLEMENTING THE ADJUSTABLE INTEREST RATE (LIBOR) ACT (REGULATION ZZ)"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 5801"
regulatory_source: "88 FR 5220, Jan. 26, 2023, unless otherwise noted."
cfr_part: "253"
---


# 253.6 Preemption.

Pursuant to section 107 of the Adjustable Interest Rate (LIBOR) Act, 12 U.S.C. 5806, 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.