HR 9742 · 94th Congress · Finance and Financial Sector

A bill to amend the Federal Deposit Insurance Act (12 U.S.C. 1811-31b), and for other purposes.

Introduced 1975-09-19· Sponsored by Rep. St Germain, Fernand J. [D-RI-1]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Currency and Housing.(1975-09-19)

Plain Language Summary

[AI summary unavailable — showing source text] Revises the definitions, under the Federal Deposit Insurance Act, of "deposit", "branch", and "affiliate." Requires that the prior written consent of the Federal Deposit Insurance Corporation be obtained before any State nonmember insured bank shall establish or operate any foreign branch. Revises the regulations governing reports of condition, termination of insured status, assumption of liabilities, and insurance of real estate of an insured bank. Imposes Federal regulations, under the Bank Service Corporation Act, on bank services contracted to another entity by an insured bank. Extends the class of persons liable for criminal misconduct under the Federal Deposit Insurance Act.…

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

Cosponsors (1)

1 Democrat