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United States · Bill · HR

H.R. 4085 (96th)

A bill to provide for national treatment of all banks and to prohibit Edge Corporations from branching interstate.

referredUnited States· United States Congress· EN

Introduced

14 May 1979

Last action

Status

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

Sponsors

Subjects

Discovery layer

Source updated

6 February 2024

Summary

Amends the International Banking Act of 1978 to limit the rights and powers of foreign banks to the authority to accept demand deposits and make commercial loans. Amends the Federal Reserve Act to prohibit corporations organized for the purpose of engaging in international financial operations (Edge Act corporations) from establishing any branch or agency in the United States.

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Documents

1 official file

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Sources

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