A bill to reorganize and consolidate certain functions of the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the Federal Reserve System into a Federal Bank commission to administer all Federal Laws relating to the examination, supervision and regulation of the banking business both foreign and domestic.
Consolidated Banking Regulation Act - Establishes a five-member independent regulatory commission to be known as the Federal Bank Commission to perform certain of the regulatory and administrative functions of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve System which relate to the examination, supervision, and regulation of foreign and domestic banking.
Title II: Conforming Amendments - Makes technical amendments to conform Federal law to the changes made by such Act.
Introduced in Senate
Referred to Senate Committee on Governmental Affairs.
Referred to Senate Committee on Banking, Housing and Urban Affairs.
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