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United States · Bill · S

S. 2810 (95th)

Banking Affiliates Act

referredUnited States· United States Congress· EN

Introduced

23 March 1978

Last action

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Status

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

Sponsors

—

Subjects

Discovery layer

Source updated

2 September 2025

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Summary

Bank Affiliates Act - Amends the Federal Reserve Act to revise restrictions on transactions between member banks and affiliates by allowing any member bank and its subsidiaries to engage in specified transactions with, or for the benefit of an affiliate, if each transaction is made at fair market value and if the aggregate amount of covered transactions does not exceed stated limits. Prohibits a member bank and its subsidiaries from purchasing any low quality assets.

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Documents

1 official file

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