To amend section 5137 of the Revised Statutes of the United States to allow national banks to continue to hold passive investments in certain subsurface rights acquired in the course of the banking business and carried on the books of the bank for a nominal amount.
Bank Investment in Subsurface Rights Act - Amends the Revised Statutes of the United States governing the national banks to cite circumstances under which a national bank may hold, passively, subsurface real estate rights.
Authorizes the Comptroller of the Currency to order a national bank to divest itself of such rights if the Comptroller determines that continued ownership is detrimental to its interests.
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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