S 3215 · 95th Congress · Finance and Financial Sector
A bill to amend the Bank Holding Company Act of 1956 to prohibit bank holding companies and their subsidiaries from selling property and casualty insurance as principals, agents, or brokers.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1978-06-22)
Plain Language Summary
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Amends the Bank Holding Company Act of 1956 to prohibit bank holding companies and their subsidiaries from selling property and casualty insurance as principals, agents, or brokers. Exempts from such prohibition credit insurance and insurance sold in a community that has a population less than 5,000 or that the bank holding company demonstrates has no other adequate insurance agency facilities.…
Summarized by Claude AI · Non-partisan · For informational purposes only