United States · Bill · HR
H.R. 4397 (97th)
Financial Institutions Competition Act
Introduced
4 August 1981
Last action
—
Status
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Sponsors
—
Subjects
Discovery layer
Source updated
29 August 2025
Summary
Financial Institutions Competition Act - Amends the Investment Company Act of 1940 to permit a bank, a bank holding company or a subsidiary thereof, a savings and loan association, a savings bank, or a credit union to: (1) organize, sponsor, operate, control, or render investment advice to an investment company; or (2) underwrite, distribute, sell, or issue securities of any investment company if certain standards are met. Sets forth procedures to insure compliance with such standards.
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Documents
1 official file
Introduced in House
summary · EN · 4 August 1981
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/97th-congress/house-bill/4397
- Open data entity: https://api.congress.gov/v3/bill/97/hr/4397