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United States · Bill · S

S. 1539 (96th)

Foreign Bank Takeover Act

referredUnited States· United States Congress· EN

Introduced

18 July 1979

Last action

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Status

Referred to Senate Committee on Banking, Housing and Urban Affairs.

Sponsors

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Subjects

Discovery layer

Source updated

2 September 2025

Official sourceView documentsShare

Summary

Foreign Bank Takeover Act - Prohibits foreigners from acquiring any U.S. financial institutions with assets of over $100,000,000 prior to April 1, 1981. Directs the President, in consultation with other Federal agencies, to report to Congress with recommendations concerning: (1) the effect of foreign takeovers on domestic financial institutions; (2) the potential impact of various possible foreign policy changes on such institutions controlled by foreigners; and (3) the adequacy of existing regulations and laws to handle problems.

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Documents

1 official file

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Sources

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