HR 5455 · 99th Congress · Finance and Financial Sector

International Banking Act Amendments of 1986

Introduced 1986-08-15· Sponsored by Resident Commissioner Fuster, Jamie B. [D-PR-At Large]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.(1986-08-15)

Plain Language Summary

[AI summary unavailable — showing source text] International Banking Act Amendments of 1986 - Amends the International Banking Act of 1978 to provide that certain banks in Puerto Rico shall be treated as domestic banks if: (1) at least 75 percent of all outstanding voting stock of such a bank is owned by U.S. citizens; and (2) any company which controls such bank is organized under the laws of Puerto Rico.…

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