Amends the National Consumer Cooperative Bank Act to increase the size of the Board of Directors of the National Consumer Cooperative Bank from 13 to 15 members.
Directs the President to appoint to the Board one additional officer from a Federal agency and a small business proprietor, as defined in the Small Business Act, who is a manufacturer or retailer. Exempts such small business appointee from provisions of law which require the presidentially appointed members of the Board to resign in favor of Directors selected by the shareholder cooperatives as the equity of the Federal Government in the Bank is redeemed.
Revises the schedule for the resignation of the presidentially appointed Directors as the capital of the bank is paid-in.
Introduced in Senate
Reported to Senate from the Committee on Banking, Housing and Urban Affairs, S. Rept. 96-328.
Reported to Senate from the Committee on Banking, Housing and Urban Affairs, S. Rept. 96-328.
Placed on calendar in Senate.
Call of calendar in Senate.
Measure considered in Senate.
Passed/agreed to in Senate: Measure passed Senate.
Measure passed Senate.
Measure called up by unanimous consent in House.
Measure considered in House.
Passed/agreed to in House: Measure passed House.
Measure passed House.
Measure enrolled in House.
Measure enrolled in Senate.
Measure presented to President.
Measure presented to President.
Signed by President.
Signed by President.
Public Law 96-149.
Public Law 96-149.
Enacted as Public Law 96-149
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