To amend the Bank Holding Company Act of 1956 to provide investment opportunities for small bank holding companies.
Entrepreneurial Investment Act of 1996 - Amends the Bank Holding Company Act of 1956 to prescribe conditions and requirements exempting certain smaller-sized bank holding companies from its proscription against the acquisition of interests (equity capital investments) in certain nonbanking organizations. Sets forth restrictions upon joint marketing. Requires such bank holding companies to obtain a one-time approval of the Board of Governors of the Federal Reserve System prior to engaging in such investment activities.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E235)
Referred to the House Committee on Banking and Financial Services.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Referred to the Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises.
Subcommittee Hearings Held.
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