Cash Discount Act

Summary

Amends the Bank Holding Company Act of 1956 to prohibit bank holding companies and their subsidiaries from selling insurance as principals, agents, or brokers, except: (1) where the insurance secures an extension of credit in the event of death or disability of the debtor; (2) any insurance activity in a community of less than 5,000 or which has inadequate insurance agency facilities; (3) any insurance activity approved prior to June 6, 1978; or (4) any insurance activity of a bank holding company with less than $50,000,000 in total assets.

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Documents

4 official files

• Reported to Senate with amendment(s)

  summary · EN · 4 September 1980

  Open at official source

• Passed House amended

  summary · EN · 12 June 1980

  Open at official source

• Reported to House with amendment(s)

  summary · EN · 24 March 1980

  Open at official source

• Introduced in House

  summary · EN · 15 February 1979

  Open at official source

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