legislation: 103-s-2123

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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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-s-2123 103 s 2123 Derivatives Limitations Act of 1994 Finance and Financial Sector 1994-05-17 1994-05-17 Read twice and referred to the Committee on Banking. Senate Sen. Dorgan, Byron L. [D-ND] ND D D000432 2 Derivatives Limitations Act of 1994 - Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to prohibit an insured depository institution or credit union (including its affiliates) from engaging in any transaction for its own account which involves derivative financial instruments. Exempts from this prohibition specified transactions conducted in compliance with certain Federal banking agency regulations. Directs the Federal banking agencies to promulgate regulations governing such exceptions, including conspicuous public disclosure by affiliates that their assets and the risk of loss associated with derivatives transactions are neither federally insured nor guaranteed by the affiliate's parent company. Amends the Bank Holding Company Act of 1956 to permit a subsidiary of a bank holding company to engage in derivatives transactions for its account if: (1) it is neither an insured depository institution nor a subsidiary of one; and (2) it is separately capitalized from any affiliated insured depository institution. 2025-08-26T13:49:09Z  

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