SJRES 92 · 96th Congress · Foreign Trade and International Finance

A joint resolution relating to foreign control of United States financial institutions.

Introduced 1979-06-26· Sponsored by Sen. Heinz, John [R-PA]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1979-06-26)

Plain Language Summary

[AI summary unavailable — showing source text] Directs the Board of Governors of the Federal Reserve System, in consultation with other Federal agencies, to report to Congress concerning: (1) the impact of foreign takeovers of U.S. financial institutions; and (2) statutory changes to prevent or limit such takeovers. Prohibits the approval of applications relating to the foreign takeover of any U.S. financial institution, with specified exceptions.…

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