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United States · Bill · S

S. 1424 (97th)

A bill to amend the Investment Company Act of 1940.

openUnited States· United States Congress· EN

Introduced

24 June 1981

Last action

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Status

Committee on Banking received executive comment from Federal Home Loan Bank Board. Unfavorable.

Sponsors

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Subjects

Discovery layer

Source updated

14 January 2025

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Summary

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 ensure compliance with such standards.

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Documents

1 official file

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Sources

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