Interstate Banking Act of 1985

referredUnited States· United States Congress· EN

Introduced

8 May 1985

Last action

8 May 1985 · Introduced

Status

Read twice and referred to the Committee on Banking.

Summary

Interstate Banking Act of 1985 - Amends the Bank Holding Company Act of 1956 to allow a State to permit the acquisition of a State bank by an out-of-State bank holding company on the basis of the location of such company. Authorizes, two years after enactment of this Act, the Board of Governors of the Federal Reserve System to approve an application permitting a bank holding company of one State to merge with or acquire a bank holding company of a contiguous State or a State within the same Federal Reserve district. Repeals restrictions on interstate banking acquisitions by bank holding companies four years after enactment of this Act.

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Timeline

8 May 1985
Introduced
Read twice and referred to the Committee on Banking.
Source: IntroReferral
8 May 1985
Introduced
Introduced in Senate
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

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Introduced in Senate
summary · EN · 8 May 1985
Open at official source

Related records

related to → Interstate Banking Act of 1985

Sources

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

Official source: https://www.congress.gov/bill/99th-congress/senate-bill/1098
Open data entity: https://api.congress.gov/v3/bill/99/s/1098
us · 99-s-1098 · source updated 29 August 2025