HR 4584 · 102th Congress · Finance and Financial Sector
Savings Associations Interstate Branching Reform Act of 1992
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.(1992-04-01)
Plain Language Summary
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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