S 1334 · 96th Congress · Finance and Financial Sector

A bill to amend the National Bank Act, to refund to the Comptroller of the Currency funds held as successor to closed national bank receiverships, and for other purposes.

Introduced 1979-06-13· Sponsored by Sen. Proxmire, William [D-WI]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1979-06-13)

Plain Language Summary

[AI summary unavailable — showing source text] Title I: Amendments to the National Banking Laws - Makes changes with respect to the following: (1) the power of national banks to purchase, hold, and convey real estate; (2) the trust powers of national banks; and (3) the emergency restrictions on Federal Reserve banks. Title II: Termination of National Closed Receivership Fund - Directs the Comptroller of the Currency to disburse the liquidating dividends from national banks closed on or before January 22, 1934, held by the Comptroller in the capacity as successor to receivers of those banks.…

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