Amends the Bank Holding Company Act of 1956 to prohibit any bank that is a subsidiary of a bank holding company from engaging in any activity related to the acquisition of bank shares or assets other than those explicitly permitted by the provision of law regarding interests in nonbanking organizations. Exempts from such prohibitions any bank holding company which has commenced such activity permitted by State law for State-chartered banks on or before November 9, 1983.
Introduced in Senate
Read twice and referred to the Committee on Banking.
Committee on Banking requested executive comment from Federal Reserve System, Federal Deposit Insurance Corporation, Federal Home Loan Bank Board, Comptroller of the Currency, Treasury Department.
Committee on Banking received executive comment from Federal Home Loan Bank Board.
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