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United States · Bill · HR

H.R. 3465 (97th)

A bill to amend the Investment Company Act of 1940 and for other purposes.

referredUnited States· United States Congress· EN

Introduced

6 May 1981

Last action

15 May 1981 · Referred

Status

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

Sponsors

Rep. Stark, Fortney Pete [D-CA-13], Rep. Williams, Lyle [R-OH-17], Rep. Gibbons, Sam [D-FL-11], Rep. Mottl, Ronald M. [D-OH-23], Rep. Roe, Robert A. [D-NJ-8], Rep. Brown, Clarence, Jr. [R-OH-7], Rep. Ford, Harold E. [D-TN-9], Rep. Mollohan, Robert H. [D-WV-1], Rep. Frank, Barney [D-MA-4], Sen. Shelby, Richard C. [R-AL], Rep. McHugh, Matthew F. [D-NY-28], Rep. Whitehurst, G. William [R-VA-2], Rep. Bedell, Berkley W. [D-IA-6], Rep. Mavroules, Nicholas [D-MA-6], Rep. Lehman, William [D-FL-17], Rep. Jones, Ed [D-TN-8], Rep. Bafalis, L. A. (Skip) [R-FL-10], Rep. Bowen, David R. [D-MS-2], Rep. Heckler, Margaret M. [R-MA-10], Rep. Campbell, Carroll A., Jr. [R-SC-4], Rep. Stokes, Louis [D-OH-11], Rep. Rahall, Nick J., II [D-WV-3], Rep. Pepper, Claude [D-FL-18], Rep. Burgener, Clair W. [R-CA-43], Rep. Wolpe, Howard E. [D-MI-3], Rep. Holt, Marjorie S. [R-MD-4], Sen. Wyden, Ron [D-OR], Rep. Hartnett, Thomas F. [R-SC-1], Rep. Mineta, Norman Y. [D-CA-15]

Subjects

Discovery layer

Source updated

6 February 2024

Official sourceView documentsShare

Summary

Amends the Investment Company Act of 1940 to permit a bank, a bank holding company or a subsidiary thereof, or a savings and loan association to: (1) organize, sponsor, operate, or render investment advice to an investment company; or (2) underwrite, distribute, sell, or issue securities of any such investment company which is organized, sponsored, operated, controlled, or so advised by a bank, a bank holding company or a subsidiary thereof, or a savings and loan association. Requires officers and employees of banks or savings and loan associations who sell such securities to meet such standards with respect to training, experience, and sales practices as the Comptroller of the Currency and the Federal Home Loan Bank Board shall prescribe.

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

Timeline

  1. 6 May 1981

    Introduced

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

    Source: IntroReferral

  2. 6 May 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 6 May 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 7 May 1981

    Referred

    Referred to Subcommittee on Telecommunications, Consumer Protection and Finance.

    Source: Committee

  5. 15 May 1981

    Referred

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

    Source: Committee

Votes

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Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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