HR 7737 · 95th Congress · Finance and Financial Sector

A bill to amend title IV of the National Housing Act to require an affirmative vote of the shareholders of an insured institution owning at least two-thirds of its voting stock or voting power before the Federal Home Loan Bank Board may approve the acquisition of control of the insured institution by any savings and loan holding company or any other company.

Introduced 1977-06-13· Sponsored by Rep. Annunzio, Frank [D-IL-11]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1977-06-13)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the National Housing Act to require an affirmative vote of the shareholders of an insured institution owning at least two-thirds of its voting stock or voting power before the Federal Home Loan Bank Board may approve the acquisition of control of such institution by any savings and loan holding company or any other company.…

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