Amends the Federal Deposit Insurance Act to provide that in the case of a proposed acquisition of the control of any insured bank (other than a national bank or a district bank) which is subject to a State law which provides for review and approval or disapproval by a State bank supervisory agency, the appropriate federal banking agency is not authorized to disapprove such acquisition, but the Federal banking agency may furnish its views and recommendations to the State bank supervisory agency.
Introduced in Senate
Read second time and referred to Senate Committee on Banking.
Committee on Banking requested executive comment from Federal Reserve System; Federal Deposit Insurance Corporation; Comptroller of the Currency.
Committee on Banking received executive comment from Federal Deposit Insurance Corporation. Unfavorable.
Committee on Banking received executive comment from Comptroller of the Currency. Generally favorable.
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