United States · Bill · S
S. 1098 (99th)
Interstate Banking Act of 1985
Introduced
8 May 1985
Last action
—
Status
Read twice and referred to the Committee on Banking.
Sponsors
—
Subjects
Discovery layer
Source updated
29 August 2025
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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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 8 May 1985
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/99th-congress/senate-bill/1098
- Open data entity: https://api.congress.gov/v3/bill/99/s/1098