S 2787 · 102th Congress · Finance and Financial Sector

A bill to permit national banks to underwrite municipal revenue bonds.

Introduced 1992-05-21· Sponsored by Sen. Sanford, Terry [D-NC]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking.(1992-05-21)

Plain Language Summary

[AI summary unavailable — showing source text] Amends Federal banking law regarding the powers of national banking associations to declare that the limitations and restrictions pertaining to dealing in, underwriting, and purchasing securities for an association's own account do not apply to certain State and municipal obligations (thus permitting national banks to underwrite municipal revenue bonds).…

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

Cosponsors (2)

1 Democrat1 Republican