A bill to prohibit the enforcement of certain interstate compacts, which may be discriminatory in nature, and to which Congress has not granted its consent.

Summary

Prohibits the implementation or consummation of any interstate compact by a State or Federal entity unless the Congress has given prior approval to the State statute which authorizes such compact. States that the Congress shall review each statute to determine that it is not discriminatory or violative of the commerce clause (of the Constitution) and that the statute is consistent with the procompetitive requirements of the Federal antitrust laws. Declares that legislation which authorizes acquisitions or mergers on a reciprocal basis without the imposition of restriction or conditions against out-of-State bank holding companies by reference to their State of origin or size shall not be deemed an interstate compact for purposes of this Act.

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

Timeline

1. 3 April 1985

   Referred

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

   Source: Committee

2. 3 April 1985

   Introduced

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

   Source: IntroReferral

3. 3 April 1985

   Introduced

   Introduced in House

   Source: IntroReferral

4. 3 April 1985

   Introduced

   Introduced in House

   Source: IntroReferral

5. 11 April 1985

   Referred

   Referred to Subcommittee on Administrative Law and Governmental Relations.

   Source: Committee

6. 25 April 1985

   Committee

   Subcommittee Hearings Held.

   Source: Committee

7. 11 June 1985

   Committee

   See H.R.2707.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 3 April 1985

  Open at official source

Sponsors

• Rep. Fish, Hamilton, Jr. [R-NY-25] · R · Sponsor
• Rep. LaFalce, John J. [D-NY-36] · D · Sponsor
• · hsju00 · Standing
• · hsba00 · Standing

Related records

• related to ← Depository Institutions Acquisition Act of 1985