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United States · Bill · S

S. 2028 (101st)

Fair Trade in Financial Services Act of 1990

openUnited States· United States Congress· EN

Introduced

29 January 1990

Last action

13 July 1990 · Reported

Status

Placed on Senate Legislative Calendar under General Orders. Calendar No. 688.

Sponsors

Sen. Riegle, Donald W., Jr. [D-MI], Sen. Garn, E. J. (Jake) [R-UT], Sen. Dixon, Alan J. [D-IL], Sen. Shelby, Richard C. [R-AL], Sen. Graham, Bob [D-FL], Sen. Kerry, John F. [D-MA], Sen. Bryan, Richard H. [D-NV], Sen. Heinz, John [R-PA], Sen. D'Amato, Alfonse [R-NY], Sen. Pressler, Larry [R-SD], Sen. Wirth, Timothy [D-CO]

Subjects

Discovery layer

Source updated

14 January 2025

Summary

Fair Trade in Financial Services Act of 1990 - Amends the International Banking Act of 1978 and the Securities Exchange Act of 1934 to authorize Federal banking agencies and the Securities and Exchange Commission respectively to deny applications filed by foreign persons to conduct banking or securities activities in the United States if the Secretary of the Treasury has published a determination in the Federal Register that the relevant foreign country does not offer U.S. bankers and securities dealers and brokers the same competitive opportunities, including effective market access, as are available to its domestic counterparts. Directs the Secretary to: (1) initiate negotiations with foreign countries to ensure that they offer U.S. banking and securities interests such opportunities; and (2) submit annual status reports to the Congress regarding foreign treatment of such U.S. business interests.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 29 January 1990

    Introduced

    Read twice and referred to the Committee on Banking.

    Source: IntroReferral

  2. 29 January 1990

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 5 April 1990

    Committee

    Committee on Banking. Hearings held. Hearings printed: S.Hrg. 101-870.

    Source: Committee

  4. 24 May 1990

    Reported

    Committee on Banking. Ordered to be reported with an amendment favorably.

    Source: Committee

  5. 13 July 1990

    Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 688.

    Source: Calendars

  6. 13 July 1990

    Reported

    Committee on Banking. Reported to Senate by Senator Riegle with an amendment in the nature of a substitute. With written report No. 101-367.

    Source: Committee

  7. 13 July 1990

    Reported

    Committee on Banking. Reported to Senate by Senator Riegle with an amendment in the nature of a substitute. With written report No. 101-367.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

4 official files

Reported to Senate (text)

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Leesvertaling

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  • Reported to Senate (text)

    Reported to Senate · EN

    ViewDownloadOpen at official source

  • Introduced in Senate (text)

    Introduced in Senate · EN

    ViewDownloadOpen at official source

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  • Reported to Senate with amendment(s)

    summary · EN · 13 July 1990

    Open at official source

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  • Introduced in Senate

    summary · EN · 29 January 1990

    Open at official source

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Sponsors

Related records

Sources

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