PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 2828 (97th)

State and Local Government Financing Reform Act of 1981

referredUnited States· United States Congress· EN

Introduced

25 March 1981

Last action

1 April 1981 · Referred

Status

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

Sponsors

Rep. Lundine, Stanley N. [D-NY-39], Rep. Barnard, Doug, Jr. [D-GA-10], Rep. Bevill, Tom [D-AL-4], Rep. Bingham, Jonathan B. [D-NY-22], Rep. Coelho, Anthony Lee [D-CA-15], Rep. Conable, Barber B., Jr. [R-NY-35], Rep. Derrick, Butler C. [D-SC-3], Rep. Fazio, Vic [D-CA-4], Rep. Flippo, Ronnie G. [D-AL-5], Rep. Gephardt, Richard A. [D-MO-3], Sen. Gramm, Phil [R-TX], Rep. Huckaby, Thomas J. (Jerry) [D-LA-5], Rep. Ireland, Andrew P. [R-FL-10], Rep. Lott, Trent [R-MS-5], Rep. Mavroules, Nicholas [D-MA-6], Rep. Mineta, Norman Y. [D-CA-13], Rep. Minish, Joseph G. [D-NJ-11], Rep. Nowak, Henry [D-NY-37], Rep. Ratchford, William R. [D-CT-5], Rep. Richmond, Frederick W. [D-NY-14], Rep. Rousselot, John H. [R-CA-26], Sen. Shelby, Richard C. [D-AL], Rep. Synar, Mike [D-OK-2], Rep. Volkmer, Harold L. [D-MO-9], Rep. Zeferetti, Leo C. [D-NY-15], Rep. Addabbo, Joseph P. [D-NY-7], Rep. Bedell, Berkley W. [D-IA-6], Rep. Bereuter, Doug [R-NE-1], Rep. Lloyd, Marilyn [D-TN-3], Rep. Bowen, David R. [D-MS-2], Rep. Carman, Gregory W. [R-NY-3], Rep. Chappie, Eugene A. [R-CA-2], JOHN CONYERS, Rep. Dixon, Julian C. [D-CA-28], Rep. Donnelly, Brian J. [D-MA-11], Rep. Edwards, Don [D-CA-10], Rep. Ferraro, Geraldine A. [D-NY-9], Rep. Findley, Paul [R-IL-20], Rep. Fish, Hamilton, Jr. [R-NY-25], Rep. Ford, Harold E. [D-TN-8], Rep. Frank, Barney [D-MA-4], Rep. Grisham, Wayne R. [R-CA-33], Rep. Gregg, Judd [R-NH-2], Rep. Hartnett, Thomas F. [R-SC-1], Rep. Horton, Frank J. [R-NY-34], Rep. Jacobs, Andrew, Jr. [D-IN-11], Rep. LeBoutillier, John [R-NY-6], Rep. Lehman, William [D-FL-13]

Subjects

Discovery layer

Source updated

29 August 2025

Official sourceView documentsShare

Summary

State and Local Government Financing Reform Act of 1981 - Excludes from the Federal law limiting and restricting the corporate powers of national banking associations to deal in and underwrite investment securities, specified dealings in and underwriting of all other nongeneral obligations issued or guaranteed by or on behalf of a State or any political subdivision thereof (except special assessment obligations and industrial revenue bonds) which are at the time eligible for purchase by a national bank for its own account, subject to specified limitations. Requires the Secretary of the Treasury to submit an annual report to the Congress showing the extent to which the business of underwriting and dealing in State and local obligations is being carried on by commercial banks as compared with other banking institutions with a view to determining the effect of the provisions of this Act on the institutional distribution of such business.

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

Timeline

  1. 25 March 1981

    Introduced

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

    Source: IntroReferral

  2. 25 March 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 25 March 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 1 April 1981

    Referred

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

    Source: Committee

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Sponsors

Showing 48 of 235 sponsors and actors.

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.