Directs the Board of Governors of the Federal Reserve System, in consultation with other Federal agencies, to report to Congress concerning: (1) the impact of foreign takeovers of U.S. financial institutions; and (2) statutory changes to prevent or limit such takeovers. Prohibits the approval of applications relating to the foreign takeover of any U.S. financial institution, with specified exceptions.
Introduced in Senate
Referred to Senate Committee on Banking, Housing and Urban Affairs.
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