HR 6220 · 97th Congress · Finance and Financial Sector

Greater Washington, District of Columbia, Banking Act

Introduced 1982-04-29· Sponsored by Del. Fauntroy, Walter E. [D-DC-At Large]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Finance and Urban Affairs.(1982-04-29)

Plain Language Summary

[AI summary unavailable — showing source text] Greater Washington, District of Columbia, Banking Act - Authorizes a national bank located in the District of Columbia standard metropolitan statistical area (SMSA) to establish branches throughout such area, including other States. Amends the Bank Holding Company Act of 1956 to permit a bank holding company which conducted its operations in the District of Columbia SMSA on December 31, 1981 (or the date it became a bank holding company, whichever is later) to acquire banks throughout such area, including other States. Amends the National Housing Act to permit a savings and loan holding company controlling any insured institution whose principal office is located in the District of Columbia SMSA to acquire similar institutions throughout such area, including other States.…

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