Management and Conflict of Interest Reform Amendments of 1995

Summary

Management and Conflict of Interest Reform Amendments of 1995 - Amends the Depository Institution Management Interlocks Act to include foreign banks within the administrative and enforcement purview of the Board of Governors of the Federal Reserve System. Prohibits an outside counsel or outside accountant of a depository institution or a depository holding company from serving as a member of the board of directors of such institution, holding company, or any of its subsidiaries, affiliates, or holding companies. Requires each depository institution and depository holding company to provide to each member of its board of directors and each member of the board of directors of any depository institution or depository holding company it controls: (1) a list of the names and principal places of business of each individual or company which directly or indirectly owns, controls, or has power to vote five percent or more of any class of voting securities of such institution or holding company; and (2) a notice of any proposed change in control of the parent depository institution or depository holding company. Requires a majority of the voting members of the board of directors of depository institutions and depository holding companies to be outside directors.

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Timeline

1. 4 January 1995

   Introduced

   Referred to the House Committee on Banking and Financial Services.

   Source: IntroReferral

2. 4 January 1995

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 January 1995

   Introduced

   Introduced in House

   Source: IntroReferral

4. 27 January 1995

   Referred

   Referred to the Subcommittee on Financial Institutions and Consumer Credit.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 4 January 1995 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 4 January 1995

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 4 January 1995

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 4 January 1995

  Open at official source

Sponsors

• Rep. Kanjorski, Paul E. [D-PA-11] · D · Sponsor
• · hsba00 · Standing

Related records

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