HR 575 · 106th Congress · Finance and Financial Sector

Know Your Customer Regulations Termination Act

Introduced 1999-02-04· Sponsored by Rep. Baker, Richard H. [R-LA-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions and Consumer Credit.(1999-02-25)

Plain Language Summary

[AI summary unavailable — showing source text] Know Your Customer Regulations Termination Act - Prohibits certain proposed "know your customer" regulations published in the Federal Register on December 7, 1998, by the Comptroller of the Currency, the Director of the Office of Thrift Supervision, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation from being published in final form. Terminates any such regulation that has become effective before enactment of this Act. Prohibits such agencies from prescribing any similar regulation.…

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

Cosponsors (4)

4 Republicans
Rep. Istook, Ernest J., Jr. [R-OK-5]OK
Rep. Toomey, Patrick J. [R-PA-15]PA
Rep. Boehner, John A. [R-OH-8]OH
Rep. Petri, Thomas E. [R-WI-6]WI