United States · Law · SJRES
S.J.Res. 271 (97th)
A joint resolution to make technical corrections in certain banking and related statutes.
Introduced
13 December 1982
Last action
12 January 1983 · Became law
Status
Became Public Law No: 97-457.
Sponsors
Sen. Garn, E. J. (Jake) [R-UT]
Subjects
Discovery layer
Source updated
14 January 2025
Summary
Makes technical corrections to the Garn-St. Germain Depository Institutions Act of 1982. Amends the Federal Deposit Insurance Act and the National Housing Act to provide that deferral of, or exemption from, State franchise taxes on deposits during a period of federal assistance to an insured bank applies to both interest and dividends paid on such deposits. Amends the Home Owner's Loan Act of 1933 to permit the Federal Home Loan Bank Board to examine savings banks that convert to Federal charter but maintain Federal Deposit Insurance Corporation insurance. Amends the Federal Deposit Insurance Act to provide that the preference for minority controlled institutions involved in extraordinary acquisitions applies to both commercial banks and thrifts. States that certain sunset provisions shall not apply to outstanding net worth certificates. Amends the Home Owners' Loan Act of 1933 to allow savings and loan associations to open demand accounts for themselves. Amends the Depository Institutions Deregulation Act of 1980 to declare that money market deposit accounts in all depository institutions will not be subject to the phase-in of certain reserve requirements under the Monetary Control Act of 1980. Amends the Home Owners' Loan Act of 1933 to grant savings and loan associations a five percent construction lending authority. Amends the Federal Home Loan Bank Act to allow banks that withdrew from membership in the Federal Home Loan System to be readmitted. Permits bankers' banks to provide services to depository institutions and their holding companies. Provides that the relocation of a bank's headquarters within community limits does not necessitate shareholder approval. States that name approval by the Comptroller of the Currency is not required when a State bank converts to a Federal charter so long as the name contains the word 'national'. Provides that a State as well as a State official can declare holidays for national banks. Amends the Bank Holding Company Act of 1956 to provide that the limitations on life insurance activities are applicable to small bank holding companies and their subsidiaries. States that the student loan exemption from truth-in-lending provisions applies to loans made on the date of enactment of the Garn-St. Germain Depository Institutions Act of 1982. Amends the Bank Service Corporation Act to revise the provisions relating to bank service corporations owned by national banks performing the same services a national bank may perform. Amends the National Housing Act to apply provisions concerning the suspension or removal of officials to savings banks that become insured by the Federal Deposit Insurance Corporation.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
13 December 1982
Introduced
Read twice and referred to the Committee on Banking.
Source: IntroReferral
13 December 1982
Introduced
Introduced in Senate
Source: IntroReferral
16 December 1982
Passed
Passed Senate with an amendment by Voice Vote.
Source: Floor
16 December 1982
Passed
Passed/agreed to in Senate: Passed Senate with an amendment by Voice Vote.
Source: Floor
16 December 1982
Reported
Committee on Banking. Reported to Senate by Senator Garn with an amendment in the nature of a substitute. Without written report.
Source: Committee
16 December 1982
Reported
Committee on Banking. Ordered to be reported with an amendment in the nature of a substitute favorably.
Source: Committee
21 December 1982
Passed
Senate agreed to the House amendments. By Voice Vote.
Source: ResolvingDifferences
21 December 1982
Passed
Resolving differences -- Senate actions: Senate agreed to the House amendments. By Voice Vote.
Source: NotUsed
21 December 1982
Passed
Passed House (Amended) by Unanimous Consent.
Source: Floor
21 December 1982
Passed
Passed/agreed to in House: Passed House (Amended) by Unanimous Consent.
Source: Floor
21 December 1982
Floor
Called up by House by Unanimous Consent.
Source: Floor
3 January 1983
Floor
Presented to President.
Source: Floor
3 January 1983
President
Presented to President.
Source: President
3 January 1983
Floor
Measure Signed in Senate.
Source: Floor
12 January 1983
Became law
Became Public Law No: 97-457.
Source: President
12 January 1983
President
Signed by President.
Source: President
12 January 1983
Became law
Signed by President.
Source: BecameLaw
Votes
No vote records are attached yet.
Versions
No version snapshots stored. Document URLs remain at the source.
Documents
5 official files
Public Law (PDF)
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Leesvertaling
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Public Law (PDF)
Public Law · EN · 13 January 1983
Passed House amended
summary · EN · 21 December 1982
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Passed Senate amended
summary · EN · 16 December 1982
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Reported to Senate with amendment(s)
summary · EN · 16 December 1982
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Introduced in Senate
summary · EN · 13 December 1982
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Garn, E. J. (Jake) [R-UT] · R · Sponsor
- · ssbk00 · Standing
Related records
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Related across the Repo ecosystem
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Direct relationships
- Legal framework · A joint resolution to make technical corrections in certain banking and related statutes. · S.J.Res. 271 (97th) · US
- Identifier matchPROJECTS_FROM
Same us record 97-sjres-271 projected from PoliticalRepo US row.
A joint resolution to make technical corrections in certain banking and related statutes.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/97th-congress/senate-joint-resolution/271
- Open data entity: https://api.congress.gov/v3/bill/97/sjres/271
- us · 97-sjres-271 · source updated 14 January 2025