HR 3548 · 96th Congress · Finance and Financial Sector

A bill to amend the Bank Holding Company Act of 1956 to provide that the Board of Governors of the Federal Reserve System shall not deny any application for the formation of a one-Bank holding company because the transaction to form such one-bank holding company involves a bank stock loan which is for a period of not more than 25 years.

Introduced 1979-04-09· Sponsored by Rep. Watkins, Wes [D-OK-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1979-04-09)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Bank Holding Company Act of 1956 to provide that the Board of Governors of the Federal Reserve System shall not deny any application for the formation of a one-bank holding company because the transaction to form such one-bank holding company involves a bank stock loan which is for a period of not more than 25 years.…

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

Cosponsors (4)

3 Democrats1 Republican
Rep. Leath, Marvin [D-TX-11]
Rep. Kogovsek, Ray [D-CO-3]
Rep. Lagomarsino, Robert J. [R-CA-19]
Rep. Gudger, V. Lamar [D-NC-11]