HR 2981 · 104th Congress · Finance and Financial Sector

Entrepreneurial Investment Act of 1996

Introduced 1996-02-28· Sponsored by Rep. Baker, Richard H. [R-LA-6]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Subcommittee Hearings Held.(1996-04-18)

Plain Language Summary

[AI summary unavailable — showing source text] Entrepreneurial Investment Act of 1996 - Amends the Bank Holding Company Act of 1956 to prescribe conditions and requirements exempting certain smaller-sized bank holding companies from its proscription against the acquisition of interests (equity capital investments) in certain nonbanking organizations. Sets forth restrictions upon joint marketing. Requires such bank holding companies to obtain a one-time approval of the Board of Governors of the Federal Reserve System prior to engaging in such investment activities.…

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