A bill to amend the Bank Holding Company Act of 1956 to prohibit bank holding companies and their subsidiaries from selling property and casualty insurance as principals, agents, or brokers.

referredUnited States· United States Congress· EN

Introduced

22 June 1978

Last action

—

Status

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

Summary

Amends the Bank Holding Company Act of 1956 to prohibit bank holding companies and their subsidiaries from selling property and casualty insurance as principals, agents, or brokers. Exempts from such prohibition credit insurance and insurance sold in a community that has a population less than 5,000 or that the bank holding company demonstrates has no other adequate insurance agency facilities.

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Votes

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Versions

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Documents

1 official file

Introduced in Senate
summary · EN · 22 June 1978
Open at official source

Related records

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/senate-bill/3215
Open data entity: https://api.congress.gov/v3/bill/95/s/3215