HR 3959 · 103th Congress · Finance and Financial Sector

To extend the effectiveness of an exemption from the requirements of the Depository Institution Management Interlocks Act.

Introduced 1994-03-03· Sponsored by Rep. Thompson, Bennie G. [D-MS-2]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance.(1994-03-18)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Depository Institution Management Interlocks Act to repeal the 15-year expiration date for (and thereby indefinitely extending) the exemption of certain grandfathered management officials from the prohibition against dual service in unaffiliated Federal depository institutions or depository holding companies in specified circumstances.…

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