A bill entitled, "The Financial Regulation Simplification Act".

Summary

Directs the Board of Governors of the Federal Reserve System, the Board of Directors of the Federal Deposit Insurance Corporation, the Comptroller of the Currency, the Federal Home Loan Bank Board, and the National Credit Union Administration to periodically review and revise their regulations to assure that such regulations: (1) are necessary and clearly written; (2) are adopted in a manner that gives consideration of alternatives; (3) minimize compliance costs and other burdens to financial institutions and the public; (4) avoid duplication and inconsistencies; (5) provide the opportunity for comment by other Federal agencies, appropriate State and local agencies, financial institutions, and consumers. Directs such Federal agencies to submit reports on the implementation of this Act to specified Congressional committees not later than six months after the effective date of this Act. Terminates this Act five years after its effective date.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 22 January 1981

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

2. 22 January 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 22 January 1981

   Introduced

   Introduced in House

   Source: IntroReferral

4. 30 January 1981

   Referred

   Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 22 January 1981

  Open at official source

Sponsors

• Rep. Hinson, Jon C. [R-MS-4] · R · Sponsor
• · hsba00 · Standing

Related records

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