To amend the Federal Deposit Insurance Act to require Federal Deposit Insurance Corporation approval for conversions of insured banks from mutual form to stock form, and for other purposes.
Mutual Bank Conversion Act - Amends the Federal Deposit Insurance Act to mandate that conversions by insured State banks from mutual form to stock form be implemented according to Federal Deposit Insurance Corporation regulations. Requires such regulations to be substantially similar to those prescribed by the Director of the Office of Thrift Supervision.
Introduced in House
Introduced in House
Referred to the House Committee on Banking, Finance + Urban Affrs.
Sponsor introductory remarks on measure. (CR E3072-3073)
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance.
Subcommittee Hearings Held.
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