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United States · Bill · S

S. 380 (96th)

A bill to amend the Bank Holding Company Act of 1956 to limit the property and casualty and life insurance activities of bank holding companies and their subsidiaries.

referredUnited States· United States Congress· EN

Introduced

7 February 1979

Last action

7 February 1979 · Introduced

Status

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

Sponsors

Sen. Durkin, John A. [D-NH], Rep. Tsongas, Paul E. [D-MA-5], Sen. Church, Frank [D-ID], Sen. Stewart, Donald [D-AL], Sen. Bentsen, Lloyd M. [D-TX], Rep. Cohen, William S. [R-ME-2], Sen. Bellmon, Henry L. [R-OK], Sen. Exon, J. James [D-NE], Sen. Levin, Carl [D-MI], Sen. Bumpers, Dale [D-AR], Sen. Matsunaga, Spark M. [D-HI]

Subjects

Defence

Source updated

14 January 2025

Defence

Official sourceView documentsShare

Summary

Amends the Bank Holding Company Act of 1956 to prohibit bank holding companies and their subsidiaries from selling insurance as principals, agents or brokers, except: (1) where the insurance secures an extension of credit in the event of death or disability of the debtor; (2) any insurance activity in a community of less than 5,000 or which has inadequate insurance agency facilities; (3) any insurance activity approved prior to June 6, 1978; or (4) any insurance activity of a bank holding company with less than $50,000,000 in total assets.

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

Timeline

  1. 7 February 1979

    Introduced

    Introduced in Senate

    Source: IntroReferral

  2. 7 February 1979

    Introduced

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

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Sponsors

Related records

Sources

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