Amendment108th Congress
Amendment makes technical and conforming changes to the bill; and incorporates language limiting the scope of the de novo branching authority provided for in section 401 of the bill.
- Amendment Number
- 481
- Description
- Amendment makes technical and conforming changes to the bill; and incorporates language limiting the scope of the de novo branching authority provided for in section 401 of the bill.
- Purpose
- An amendment numbered 1 printed in House Report 108-439 to limit de novo branching for ILCs to those whose business is more than 85% financial in nature and, in the case of ILCs whose business is less than 85% financial in nature, limit branching to those ILCs who had Federal deposit insurance before October 1, 2003; make technical revisions to section 303 requested by the NCUA; make technical revisions to section 213 requested by OTS; strike section 107; strike section 214; strike section 613; and make technical changes to section 405 requested by the SEC.
- Congress
- 108
- Type
- HAMDT
- Latest Action Date
- Mar 18, 2004
- Latest Action Text
- On agreeing to the Oxley amendment (A001) Agreed to by voice vote.
- Latest Action Time
- 12:28:18
- Submitted Date
- Mar 18, 2004
- Chamber
- House of Representatives
- Update Date
- Feb 3, 2022