To amend the Bank Holding Company Act of 1956.
Bank Efficiency Act - Amends the Bank Holding Company Act of 1956 to permit a bank holding company having subsidiary banks located in more than one State to combine its banks into a single bank by means of merger, consolidation, or other transaction. Prescribes operating guidelines for such bank combinations.
Amends the National Bank Act to conform the qualifications of bank directors with the provisions of this Act.
Introduced in House
Introduced in House
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance.
Subcommittee Hearings Held.
Subcommittee Hearings Held.
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