HR 4584 · 102th Congress · Finance and Financial Sector

Savings Associations Interstate Branching Reform Act of 1992

Introduced 1992-03-25· Sponsored by Rep. Sarpalius, Bill [D-TX-13]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.(1992-04-01)

Plain Language Summary

[AI summary unavailable — showing source text] Savings Associations Interstate Branching Reform Act of 1992 - Amends the Home Owners' Loan Act to preclude a savings association from establishing or operating a new branch outside its home State unless it has the written approval of the Director of the Office of Thrift Supervision. Restricts the Director's authority to approve interstate branching by a savings association to situations where: (1) the law of the host State allows interstate branching; (2) the interstate branch is operated pursuant to the laws of the host State; and (3) the savings association is adequately capitalized under Federal law.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (5)

4 Democrats1 Republican