Bank Holding Company Deregulation Act of 1982

[AI summary unavailable — showing source text] Bank Holding Company Deregulation Act of 1982 - Amends the Banking Act of 1933 to allow a member bank to be affiliated with a bank securities affiliate. Permits any eligible association to acquire the stock of a bank securities affiliate. Defines an 'eligible association' as a bank with assets of less than $100,000,000 which is not controlled by a bank holding company. Requires any eligible association establishing or acquiring a bank securities affiliate to transfer to it all of the following activities within one year after the affiliate has commenced business in the United States: (1) dealing in and underwriting obligations of the United States, general obligations of any State or local government subdivision; and (2) buying and selling securities and stock as agent. Permits any officer, director, or employee of any member bank to serve at the same time as an officer, director or employee of any of its bank securities affiliates. Amends the Securities Exchange Act of 1934 to make the Securities and Exchange Commission the appropriate regulatory agency to enforce a bank securities affiliate's compliance with regulations concerning transactions in municipal securities. Amends the …