A bill to vest in the Secretary of the Treasury all functions relating to the examination and supervision of federally insured banks.
Banking Act of 1983 - Title I: General Provisions - Transfers to the Secretary of the Treasury all the functions of the Comptroller of the Currency and all functions of all agencies, officers, and employees of the Bureau of the Comptroller of the Currency.
Transfers to the Secretary all bank examining, auditing, and other banking supervisory functions (except with reference to the 12 Federal Reserve banks) of the Federal Reserve banks and of the Board of Governors of the Federal Reserve System.
Transfers to the Secretary all functions of the Board of Directors of the Federal Deposit Insurance Corporation and all agencies, officers and employees of such corporation.
Requires the Secretary to report annually to Congress concerning his activities and recommendations with respect to the functions transferred by this Act.
Title II: Transitional Provisions - Sets forth effective dates for specified provisions of this Act. Sets forth transitional provisions concerning the functions transferred to the Secretary of the Treasury by this Act.
Title III: Conforming Amendments - Amends certain Federal laws to conform to the provisions of this Act.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
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