Amendment105th Congress
Amendment sought to permit well capitalized and well managed national banks to establish operating subsidiaries and perform all financial activities with the exception of insurance underwriting and real estate investment and development.
- Amendment Number
- 620
- Description
- Amendment sought to permit well capitalized and well managed national banks to establish operating subsidiaries and perform all financial activities with the exception of insurance underwriting and real estate investment and development.
- Purpose
- An amendment, printed as amendment No. 2 in House Report 105-531, to permit all financial activities, except for insurance underwriting and real estate development, to be performed through a bank operating subsidiary structure. The amendment revises the consumer protection language under the bill to ensure that the stronger of state or federal consumer protection law prevails. The amendment also mandates that the Government Accounting Office conduct an annual antitrust study.
- Congress
- 105
- Type
- HAMDT
- Latest Action Date
- May 13, 1998
- Latest Action Text
- On agreeing to the LaFalce amendment (A002) Failed by recorded vote: 115 - 306 (Roll No. 144).
- Latest Action Time
- 16:19:03
- Submitted Date
- May 13, 1998
- Chamber
- House of Representatives
- Update Date
- Aug 15, 2021