HR 698 · 110th Congress · Finance and Financial Sector

Industrial Bank Holding Company Act of 2007

Introduced 2007-01-29· Sponsored by Rep. Gillmor, Paul E. [R-OH-5]· House

Bill Progress

Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2007-05-22)

Recorded Votes

PassedHouse · 2007-05-21
Roll #384
Yea 371Nay 16
Democrats
209 Yea·1 Nay
Republicans
162 Yea·15 Nay
PassedHouse · 2007-05-21
Roll #384
Yea 371Nay 16
Democrats
209 Yea·1 Nay
Republicans
162 Yea·15 Nay

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Plain Language Summary

[AI summary unavailable — showing source text] Industrial Bank Holding Company Act of 2007 - Requires an industrial bank holding company to register and file certain reports with the Federal Deposit Insurance Corporation (FDIC) within ninety days after becoming an industrial bank holding company. Prohibits such holding company from being controlled by a commercial firm. Grandfathers certain institutions to exempt them from the requirements of this Act.…

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

CBO Cost Estimate

Congressional Budget Office

H.R. 698, Industrial Bank Holding Company Act of 2007

May 15, 2007

<p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on May 2, 2007</p>

Full CBO report ↗

H.R. 698, Industrial Bank Holding Company Act of 2007

May 15, 2007

Cost estimate for the bill as ordered reported by the House Committee on Financial Services on May 2, 2007

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (20)

14 Democrats6 Republicans