HR 7272 · 97th Congress · Finance and Financial Sector
A bill to amend the Federal Reserve Act to require prior notification to the Federal Reserve Board of certain financing by commercial banks.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to Subcommittee on Domestic Monetary Policy.(1982-10-15)
Plain Language Summary
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Amends the Federal Reserve Act to authorize the Board of Governors of the Federal Reserve System to require commercial banks which plan to assist in the financing of any part of a corporate acquisition or merger involving more than $100,000,000 in financing to notify the Board of such anticipated financing. Empowers the Board to disapprove such acquisition or merger under specified circumstances.…
Summarized by Claude AI · Non-partisan · For informational purposes only