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United States · Bill · HR

H.R. 1553 (111th)

Mutual Savings Association Preservation Act

referredUnited States· United States Congress· EN

Introduced

17 March 2009

Last action

Status

Referred to the Subcommittee on Courts and Competition Policy.

Sponsors

Subjects

Discovery layer

Source updated

14 August 2025

Summary

Mutual Savings Association Preservation Act - Amends the Home Owners' Loan Act to: (1) prohibit any company or subsidiary, or any director, officer, employee, or person with voting power or holding proxies representing more than 25% of the voting shares of such company or subsidiary, from holding, soliciting, or exercising any proxies in respect of a mutual savings association in an attempt to control the association; and (2) allow an aggrieved association to bring a civil action to prevent such takeover attempts.

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Documents

3 official files

Introduced in House (text)

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Sources

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