Amendment allows the Jefferson Pilot Insurance Corporation in North Carolina the option of increasing their broadcast interest in order to maximize the value of their asset divestiture.

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Amendment Number
246
Description
Amendment allows the Jefferson Pilot Insurance Corporation in North Carolina the option of increasing their broadcast interest in order to maximize the value of their asset divestiture.
Purpose
An amendment no. 1 printed in H. Rept. 106-214 to provide that a financial holding company that meets all requirements for grandfathering of non-financial activities shall not be subject to expansion limitations with respect to federally regulated communications companies owned by an insurance holding company.
Congress
106
Type
HAMDT
Latest Action Date
Jul 1, 1999
Latest Action Text
On agreeing to the Burr amendment (A001) Agreed to by recorded vote: 238 - 189 (Roll no. 268).
Latest Action Time
20:24:51
Submitted Date
Jul 1, 1999
Chamber
House of Representatives
Update Date
Aug 15, 2021
Amendment 246 — Informed