S 2787 · 102th Congress · Finance and Financial Sector
A bill to permit national banks to underwrite municipal revenue bonds.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Banking.(1992-05-21)
Plain Language Summary
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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