Interstate Banking Act of 1985

Summary

Interstate Banking Act of 1985 - Amends the Bank Holding Company Act of 1956 to allow a State to permit the acquisition of a State bank by an out-of-State bank holding company on the basis of the location of such company. Authorizes, two years after enactment of this Act, the Board of Governors of the Federal Reserve System to approve an application permitting a bank holding company of one State to merge with or acquire a bank holding company of a contiguous State or a State within the same Federal Reserve district. Repeals restrictions on interstate banking acquisitions by bank holding companies four years after enactment of this Act.

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Timeline

1. 24 April 1985

   Referred

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

   Source: Committee

2. 24 April 1985

   Introduced

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

   Source: IntroReferral

3. 24 April 1985

   Introduced

   Introduced in House

   Source: IntroReferral

4. 24 April 1985

   Introduced

   Introduced in House

   Source: IntroReferral

5. 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 · 24 April 1985

  Open at official source

Sponsors

• Rep. Shumway, Norman D. [R-CA-14] · R · Sponsor
• Rep. Dreier, David [R-CA-26] · R · Sponsor
• · hsba00 · Standing

Related records

• related to ← Depository Institutions Acquisition Act of 1985
• related to ← Interstate Banking Act of 1985