Change in Bank Control Act

[AI summary unavailable — showing source text] Change in Bank Control Act - Amends the Federal Deposit Insurance Act to require an insured institution to obtain approval from the Federal Deposit Insurance Corporation before there is any disposition of voting stock issued by such bank except in the case of a transaction approved by the Federal Reserve Board. Empowers the Corporation to issue temporary restraining orders summarily suspending deposit insurance if such approval is not obtained. States that whenever an individual, company, or insured bank makes loans secured by 25 percent of the outstanding voting stock of an insured bank, such party must file a report with the Corporation.…