S 510 · 99th Congress · Finance and Financial Sector

Interstate Banking Act of 1985

Introduced 1985-02-26· Sponsored by Sen. Mattingly, Mack [R-GA]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking.(1985-02-26)

Plain Language Summary

[AI summary unavailable — showing source text] Interstate Banking Act of 1985 - Amends the Bank Holding Company Act of 1956, the Federal Deposit Insurance Act, and the National Housing Act to authorize interstate bank branching among States in which State laws specifically authorize such branching. Requires the President to report to the Congress concerning the effect of this Act on the financial, economic, and banking environment. Terminates the amendments enacted in this Act five years after the date of enactment.…

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