12 U.S.C. § 2401 : Banks And Banking — National Commission On Electronic Fund Transfers — Establishment Of Commission Date: 5 Jan 2017 TEXT PDF There is established the National Commission on Electronic Fund Transfers (hereinafter referred to as the “Commission”) which shall be an independent instrumentality of the United States. (Pub. L. 93–495, title II, § 201, Oct. 28, 1974, 88 Stat. 1508.)