Regulatory Consolidation Act of 1993

Summary

TABLE OF CONTENTS: Title I: Federal Banking Commission Title II: Abolition of Federal Banking Agencies Regulatory Consolidation Act of 1993 - Title I: Federal Banking Commission - Establishes the Federal Banking Commission (the Commission). Transfers to the Commisssion all regulatory functions of: (1) the Comptroller of the Currency with respect to national banks; (2) the Board of Governors of the Federal Reserve System (and any Federal Reserve Bank) with respect to member banks, bank holding companies and affiliates, and certain international banking entities; (3) the Director of the Office of Thrift Supervision with respect to savings associations and savings and loan holding companies; and (4) the Federal Deposit Insurance Corporation with respect to State nonmember banks and certain savings and foreign banks. Establishes within the Commission a Consumer Division to: (1) conduct consumer examinations to determine the Compliance of each insured depository institution with respect to consumer protection and community reinvestment laws; and (2) implement prescribed consumer protection and information programs. Title II: Abolition of Federal Banking Agencies - Abolishes the Office of the Comptroller of the Currency and the Office of Thrift Supervision. Authorizes the President to establish a transition commission to facilitate the transfer of functions with the least disruption to the regulatory environment. Declares that the individuals serving as Comptroller of the Currency and the Director of Thrift Supervision are eligible to be detailed to the transition commission.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 10 November 1993

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• Introduced in House (PDF)

  Introduced in House · EN · 10 November 1993

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• Introduced in House

  summary · EN · 4 March 1993

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