To amend the Bank Holding Company Act of 1956 to clarify that the Board of Governors of the Federal Reserve System has full discretion with regard to the type and amount of information required to be included in an application to become a bank holding company or to acquire a bank, and for other purposes.
Bank Holding Company Application Act of 1996 - Amends the Bank Holding Company Act of 1956 to declare that nothing in its requirements for bank holding company acquisition of bank shares or assets shall be construed as limiting the discretion of the Board of Governors of the Federal Reserve System with regard to the manner in which it may: (1) require a bank holding company to seek Board approval for a proposed action (especially the type and amount of information to be included in an application to become a bank holding company or to acquire a bank); or (2) review any such action.
Introduced in House
Introduced in House
Referred to the House Committee on Banking and Financial Services.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
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