A bill to prohibit the enforcement of certain interstate compacts which may be discriminatory in nature, and to which Congress has not granted consent.

Summary

Prohibits the implementation or consummation of any interstate compact by a State or Federal entity unless the congress has given prior approval to the State statute which authorizes such compact. States that the Congress shall review each statute to determine that it is not discriminatory or violative of the Commerce Clause (of the Constitution) and that the statute is consistent with the pro-competitive requirements of the Federal antitrust laws. Declares that legislation which authorizes acquisitions or mergers on a reciprocal basis without the imposition of restrictions or conditions against out-of-State bank holding companies by reference to their State of origin or size shall not be deemed an interstate compact.

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

Timeline

1. 4 April 1985

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 4 April 1985

   Introduced

   Read twice and referred to the Committee on Judiciary.

   Source: IntroReferral

3. 21 May 1985

   Referred

   Referred to Subcommittee on Constitution.

   Source: Committee

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in Senate

  summary · EN · 4 April 1985

  Open at official source

Sponsors

• Sen. Moynihan, Daniel Patrick [D-NY] · D · Sponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Sponsor
• · ssju00 · Standing

Related records

No cross-record relationships stored yet.