HR 5700 · 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 follow any practice or policy in the consideration of any application for the formation of a one-bank holding company if following such practice or policy would result in the rejection of such application solely because the transaction to form such one-bank holding company involves a bank stock loan for a period of not more than 25 years.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Banking, Finance and Urban Affairs.(1979-10-24)
Plain Language Summary
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Amends the Bank Holding Company Act of 1956 to prohibit the Board of Governors of the Federal Reserve System from following any practice which would result in the denial of an application for the formation of a one-bank holding company solely because such a transaction involves a bank stock loan of 25 years or less.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (19)
13 Democrats6 Republicans