A bill to amend the Federal Reserve Act, the Federal Deposit Insurance Act, and the Federal Home Loan Bank Act to provide for the regulation of the issuance and sale of debt obligations by parents of member banks, nonmember insured banks (including insured mutual savings banks), and savings and loan associations.

[AI summary unavailable — showing source text] Provides for the regulation of the issuance and sale of debt obligations, which carry effective maturities of less than seven years or rights of redemption that may be exercised in less than seven years, by parents of member banks, nonmember insured banks (including insured mutual savings banks), and savings and loan associations, under the Federal Reserve Act, the Federal Deposit Insurance Act, and the Federal Home Loan Bank Act.…