legislation: 103-hr-4097

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
103-hr-4097 103 hr 4097 Depository Institution Service Corporation Reform Act of 1994 Finance and Financial Sector 1994-03-21 1994-04-07 Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance. House Rep. Leach, James A. [R-IA-1] IA R L000169 0 Depository Institution Service Corporation Reform Act of 1994 - Title I: Bank Service Corporation Act Amendments - Amends the Bank Service Corporation Act to place insured depository institutions under its jurisdiction and rename such Act the "Depository Institutions Service Corporation Act." Allows an insured depository institution to invest in more than one depository institution service corporation. Prescribes investment limits, and reduces from five percent to three percent the percentage of total assets that may be so invested. Requires a depository institution service corporation to obtain prior written approval of the appropriate Federal banking agency before paying management fees to an institution-affiliated party (or to any corporation owned by such party). Prohibits a depository institution service corporation from performing activities or services that are not permissible for a national bank. 2025-08-26T13:50:45Z  

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