legislation
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
209 rows where congress = 100 and policy_area = "Finance and Financial Sector" sorted by introduced_date descending
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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 |
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| 100-sres-514 | 100 | sres | 514 | A resolution to state the sense of the United States with respect to voluntary supervisory conversions of Mutual Savings and Loan Associations to stock forms of organization. | Finance and Financial Sector | 1988-10-22 | 1988-10-22 | Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Voice Vote. | Senate | Sen. Shelby, Richard C. [D-AL] | AL | D | S000320 | 1 | Expresses the sense of the Senate that insolvent institutions should be permitted to convert through a voluntary supervisory conversion without regard to the appreciation of the participating preferred stock of the Federal Home Loan Mortgage Corporation. | 2021-06-10T21:50:48Z | |
| 100-s-2922 | 100 | s | 2922 | Government Securities Fair Competition Act of 1988 | Finance and Financial Sector | 1988-10-21 | 1988-10-21 | Read twice and referred to the Committee on Banking. | Senate | Sen. D'Amato, Alfonse [R-NY] | NY | R | D000018 | 0 | Government Securities Fair Competition Act of 1988 - Prohibits the Board of Governors of the Federal Reserve System and the Federal Reserve Bank of New York from designating any person of a foreign country as a primary dealer in governmental debt instruments if such country does not accord to U.S. companies the same competitive opportunities in the underwriting and distribution of instruments issued by such country as are accorded to domestic companies. Exempts from such prohibition: (1) any company designated as a primary dealer and acquired by a person of a foreign country before July 31, 1987; and (2) any person of a foreign country if such country, as of January 1, 1987, was negotiating, or had entered into, a bilateral free trade agreement with the United States. Amends the Securities Exchange Act of 1934 to prohibit any person of a foreign country which does not accord to U.S. brokers and dealers the same competitive opportunities accorded to domestic brokers and dealers from acquiring any registered broker or dealer unless the Securities and Exchange Commission has been given 45 days' advance notice of the proposed acquisition and has not prohibited such acquisition. Authorizes the Commission to deny any application for registration filed by any person of such country and to prohibit any acquisition of a broker or dealer by any person of such country. | 2025-08-28T20:07:31Z | |
| 100-hr-5521 | 100 | hr | 5521 | Federal Asset Disposition Association Dissolution Act | Finance and Financial Sector | 1988-10-13 | 1988-10-21 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. St Germain, Fernand J. [D-RI-1] | RI | D | S000762 | 3 | Federal Asset Disposition Association Dissolution Act - Amends the National Housing Act to specify that the purpose of the establishment of a new savings and loan association in connection with a liquidation is for such association to operate as an issuer of savings accounts and a lender and investor and not as an institution having the special purpose of managing or disposing of assets acquired from insured institutions in default. Specifies that provisions of the National Housing Act shall not be construed as authorizing the Federal Savings and Loan Insurance Corporation (FSLIC) to organize a new Federal association for the purpose of managing or disposing of any assets: (1) of an insured institution for which the FSLIC has been appointed receiver; or (2) acquired by the FSLIC in order to prevent a default. Authorizes the FSLIC to delegate such liquidation functions to an appropriate regional office. Prohibits the Federal Asset Disposition Association (FADA) from engaging in any new activities after the date of the enactment of this Act. Directs the FSLIC to require FADA to assign all its rights and obligations under any contract to the FSLIC. Requires the FSLIC, within 60 days after the enactment of this Act, to revoke the charter of FADA and assume its assets and liabilities. Prohibits the FSLIC from paying any severance pay to employees of the FADA in excess of specified civil service amounts. Prohibits the FSLIC from taking any action which results in the sale of FADA as a going concern or the reconstitution of the FADA as a private corporation. Specifies that this Act shall not be construed as any recognition or ratification by the Congress of: (1) any authority of the FSLIC to charter FADA; or (2) any authority of FADA to act on behalf of the FSLIC. Requires the FSLIC to prepare and submit to the Congress a report describing: (1) the manner in which the dissolution of FADA was implemented; (2) the results of such dissolution; and (3) FSLIC's actions as the receiver of FADA. Specifies certain inform… | 2025-08-28T20:06:19Z | |
| 100-hr-5493 | 100 | hr | 5493 | International Financial Cooperation and Security Act of 1988 | Finance and Financial Sector | 1988-10-07 | 1988-10-15 | Referred to Subcommittee on International Finance, Trade and Monetary Policy. | House | Rep. Garcia, Robert [D-NY-18] | NY | D | G000047 | 1 | International Financial Cooperation and Security Act of 1988 - Requires the Secretary of the Treasury to report annually to the Congress all financial data on the convertible currency balance of payments profile of the Soviet Union, including: (1) data on loans made to the Soviet Union by member countries of the Organization for Economic Cooperation and Development (OECD) or by banks or persons in such countries; and (2) all statistics published by the Bank for International Settlements on tied and untied loans to the Soviet Union and on bonds issued in Europe to investors outside the Soviet Union the proceeds of which accrue to the Soviet Union. Directs the Secretary to formulate the position of the United States with respect to establishing internationally acceptable standards for entering into and reporting financial transactions with the Soviet Union. Requires the Secretary to represent the United States in multilateral negotiations with OECD countries to establish such standards. Directs the Secretary to conduct such negotiations through a structure similar to the one provided in the Arrangement on Guidelines for Officially Supported Export Credits and to include representatives from the Bank for International Settlements in such negotiations. Requires the Secretary to report annually to the Congress on such negotiations. Directs the Secretary of State and the Secretary of Defense to hold discussions with member governments of the North Atlantic Treaty Organization on the security implications of conducting financial transactions with the Soviet Union. Requires the Secretary of State and the Secretary of Defense to report annually to the Congress on such discussions. | 2025-08-28T20:05:39Z | |
| 100-hr-5487 | 100 | hr | 5487 | A bill to require any conservator of a Federal association and the Federal Savings and Loan Insurance Corporation, in such Corporation's capacity as conservator, receiver, or custodian of any insured institution, to provide notice to any depositor in such institution whose deposits exceed the insured amount that such depositor has uninsured deposits. | Finance and Financial Sector | 1988-10-06 | 1988-10-15 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. Synar, Mike [D-OK-2] | OK | D | S001139 | 0 | Amends the Home Owners' Loan Act of 1933 to require any conservator appointed for a federally insured savings and loan association by the Federal Home Loan Bank Board to notify each insured member whose deposits in such association exceed the amount of available deposit insurance that such member has uninsured deposits. Amends the National Housing Act to require the Federal Savings and Loan Insurance Corporation, when appointed as the conservator, receiver, or custodian of an association, to notify each insured member whose deposits in such association exceed the amount of available deposit insurance that such member has uninsured deposits. | 2024-02-06T19:38:08Z | |
| 100-s-2861 | 100 | s | 2861 | To prohibit the Federal Asset Disposition Association from making certain payments. | Finance and Financial Sector | 1988-10-04 | 1988-10-04 | Read twice and referred to the Committee on Banking. | Senate | Sen. Pryor, David H. [D-AR] | AR | D | P000556 | 0 | Requires the Federal Home Loan Bank Board to issue a regulation prohibiting the payment of severance pay by the Federal Asset Disposition Association. | 2025-01-14T18:20:21Z | |
| 100-hr-5432 | 100 | hr | 5432 | Federal Savings and Loan Insurance Corporation Recapitalization Amendments of 1988 | Finance and Financial Sector | 1988-09-30 | 1988-10-05 | Ordered to be Reported (Amended). | House | Rep. LaFalce, John J. [D-NY-32] | NY | D | L000556 | 3 | Federal Savings and Loan Insurance Corporaton Recapitalization Amendments of 1988 - Amends the Federal Home Loan Bank Act to increase the limitation on outstanding obligations of the Financing Corporation. Repeals the annual limitation on net new borrowing by the Corporation after its first year. Amends the National Housing Act to limit the aggregate outstanding balance on promissory notes issued by the Federal Savings and Loan Insurance Corporation (FSLIC). Expresses the sense of the Congress that the Federal Home Loan Bank Board should rely primarily on raising funds through the Financing Corporation to provide assistance through the FSLIC to resolve cases of failed or failing thrift institutions. | 2025-08-28T20:06:43Z | |
| 100-hr-5407 | 100 | hr | 5407 | A bill to establish a National Commission on the Thrift Industry. | Finance and Financial Sector | 1988-09-28 | 1988-10-06 | For Further Action See S.2653. | House | Rep. St Germain, Fernand J. [D-RI-1] | RI | D | S000762 | 24 | (Reported to House from the Committee on Banking, Finance and Urban Affairs, amended, H. Rept. 100-1042) Establishes the National Commission on the Thrift Industry. Requires the Commission to investigate: (1) the adequacy of the regulation of thrift institutions; (2) the financial condition and sources of income of the Federal Savings and Loan Insurance Corporation (FSLIC); (3) the extent of liability relating to the FSLIC's inventory of troubled thrift institutions; (4) methods for increasing capital levels in the thrift industry; (5) problems in the structure of the deposit insurance system and options for reforming such system; (6) the impact on the thrift industry of FSLIC assistance programs; (7) the role of the thrift industry in providing mortgage credit, including such industry's projected share of the mortgage market in the year 2000; (8) the role of the mortgage and commercial banking industries and the secondary mortgage market in relation to the thrift industry's role in providing such credit; and (9) the need for specialized depository institutions to serve such market, including the extent to which such institutions affect the availability of low- and moderate-income housing. Requires the Commission, on or before February 1, 1989, to report to the President and specified House and Senate committees on its findings and conclusions, including its recommendations for administrative and legislative action. Specifies that any expenses of the Commission shall be paid by the Secretary of the Treasury. Limits the total expenses of the Commission. Directs the Comptroller General to audit and report to the Congress on Commission expenditures. Terminates the Commission 30 days after it submits its final report. | 2024-02-06T19:38:08Z | |
| 100-hr-5347 | 100 | hr | 5347 | Intellectual Property Antitrust Protection Act of 1988 | Finance and Financial Sector | 1988-09-23 | 1988-10-20 | S. 1863 passed in Senate relating to this measure. | House | Rep. Edwards, Don [D-CA-10] | CA | D | E000064 | 24 | (Measure passed Senate, amended) Amends Federal bankruptcy provisions relating to the adjustment of debts of a municipality to revise rules relating to the treatment of special revenue bonds. Treats as an administrative expense any claim against a debtor municipality if the debtor provides adequate protection of the interest of the holder of a claim secured by a lien on property of the debtor and if the creditor has a claim from a stay of action against such property. Specifies that the filing of a bankruptcy petition does not operate as a stay of application of pledged special revenues to payment of indebtedness secured by such revenues. Specifies that the transfer of property of the debtor to or for the benefit of any holder of a bond or note, on account of such bond or note, may not be avoided. Provides that the holder of a claim payable solely from special revenues of a debtor municipality under applicable nonbankruptcy law shall not be treated as having recourse against the debtor as an unsecured creditor. Provides that special revenues acquired by the debtor after the commencement of the case shall remain subject to any lien resulting from any security agreement entered into by the debtor before the commencement of the case. Specifies that any such lien on special revenues derived from a project or system shall be subject to the necessary operating expenses of such project or system. Specifies that a lease to a municipality shall not be treated as an executory contract or unexpired lease by reason of its being subject to termination in the event the debtor fails to appropriate rent. Title I: Intellectual Property - Intellectual Property Antitrust Protection Act of 1988 - Provides that an intellectual property right shall not be presumed to define a market or to establish market power, including economic power and product uniqueness or distinctiveness, or monopoly power in any action in which the owner, licensor, licensee, or other holder of such right is alleged to have violated the antitrust laws in th… | 2021-08-14T18:27:37Z | |
| 100-hr-5348 | 100 | hr | 5348 | A bill to amend title 11 of the United States Code with respect to the rejection of executory contracts licensing rights to intellectual property. | Finance and Financial Sector | 1988-09-23 | 1988-10-04 | Other Measure S.1626 Passed House in Lieu. | House | Rep. Edwards, Don [D-CA-10] | CA | D | E000064 | 5 | Amends Federal bankruptcy provisions to provide that if the trustee in bankruptcy rejects an executory contract under which the debtor is a licensor of a right to intellectual property, the licensee may elect to: (1) treat such contract as terminated if such rejection amounts to such a breach as would entitle the licensee to treat such contract as terminated by virtue if its own terms, applicable nonbankruptcy law, or an agreement made by the licensee with another entity; or (2) retain its rights as such rights existed immediately before the case commenced for the duration of the contract and for any period for which such contract may be extended by the licensee as of right under applicable nonbankruptcy law. Provides that if a licensee elects to retain its rights under such contract, then: (1) the trustee shall allow the licensee to exercise such rights; (2) the licensee shall make all royalty payments due under such contract with respect to such rights; and (3) the licensee shall be deemed to waive any right of setoff and any allowable claim arising from the performance of such contract. Provides that on the written request of a licensee which elects to retain its rights, the trustee in bankruptcy shall: (1) provide to the licensee any intellectual property held by the trustee to the extent provided in such contract; and (2) refrain from interfering with any rights of the licensee including any right to obtain such intellectual property from another entity. Provides that unless and until the trustee rejects such contract, on the written request of the licensee the trustee shall: (1) perform such contract or provide to the licensee such intellectual property held by the trustee; and (2) refrain from interfering with the rights of the licensee as provided in such contract to such intellectual property, including any right to obtain such intellectual property from a third party. Defines intellectual property as: (1) trade secrets; (2) inventions, processes, designs, or plants protected under applicable patent … | 2021-06-10T22:32:15Z | |
| 100-s-2789 | 100 | s | 2789 | Dwight David Eisenhower Commemorative Coin Act of 1988 | Finance and Financial Sector | 1988-09-14 | 1988-10-03 | Became Public Law No: 100-467. | Senate | Sen. Dole, Robert J. [R-KS] | KS | R | D000401 | 2 | Dwight David Eisenhower Commemorative Coin Act of 1988 - Directs the Secretary of the Treasury to mint and issue not more than a specified number of one dollar silver coins in commemoration of the 100th anniversary of the birth of Dwight David Eisenhower. Sets forth certain features of such coins and provides for their design, issuance, and sale. Terminates the minting of the coins after December 31, 1990. Requires the Secretary to deposit in the Treasury all surcharges received from the sale of the coins, to be used to reduce the national debt. | 2022-12-13T14:56:21Z | |
| 100-hr-5280 | 100 | hr | 5280 | Bicentennial of the United States Congress Commemorative Coin Act | Finance and Financial Sector | 1988-09-13 | 1988-11-17 | Became Public Law No: 100-673. | House | Rep. Fascell, Dante B. [D-FL-19] | FL | D | F000041 | 1 | (House agreed to Senate amendments with amendments) Bicentennial of the United States Congress Commemorative Coin Act - Directs the Secretary of the Treasury to mint and issue not more than a specified number of five dollar gold coins, one dollar silver coins, and half dollar clad coins emblematic of the Bicentennial of the U.S. Congress. Sets forth certain features of such coins. Mandates that the coin design be selected by the Secretary after consultation with the Speaker of the House of Representatives, the President Pro Tempore of the Senate, and the Commission of Fine Arts. Provides for the issuance and sale of the coins. Terminates their minting after June 30, 1990. Requires the Secretary to deposit all surcharges received from the sale of such coins, in specified portions, in: (1) the Capitol Preservation Fund, to be available to the United States Capitol Preservation Commission; and (2) the Treasury, to reduce the national debt. Declares that no law governing procurement or public contracts is applicable to the procurement of goods and services for carrying out this Act, except that this provision does not relieve any person from complying with any law relating to equal employment opportunity. | 2024-02-06T19:38:08Z | |
| 100-hr-5192 | 100 | hr | 5192 | Thrift Charter Enhancement Act of 1988 | Finance and Financial Sector | 1988-08-10 | 1988-09-15 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. Barnard, Doug, Jr. [D-GA-10] | GA | D | B000153 | 0 | Thrift Charter Enhancement Act of 1988 - Amends the National Housing Act to increase the limit on the aggregate amount of transaction or service agreements allowed between affiliated federally insured thrift institutions without the prior approval of the Federal Savings and Loan Insurance Corporation (FSLIC) in cases of GAAP-qualified insured institutions. Increases such limit from the lesser of to the greater of $100,000 or 0.1 percent of the thrift institution's total assets, not to exceed a maximum of $2,000,000 for transactions and $1,000,000 for service agreements. Defines a "GAPP-qualified insured institution" as an institution: (1) whose capital equals or exceeds the greater of four percent of total assets or the minimum capital level prescribed by the FSLIC; and (2) that is not affiliated with an insured institution whose capital is less than three percent of total assets. Exempts an institution from the three percent capital requirements if it: (1) is affiliated due to the acquisition of failed or failing institutions; (2) is solvent under specified accounting standards; (3) has submitted a plan to the FSLIC for increasing capital to equal or exceed three percent within four years and the FSLIC has determined such plan to be feasible; and (4) is in compliance with such plan. Specifies that provisions of the Federal Reserve Act prohibiting loans and extensions of credit by member banks to executive officers and directors of banks and to political or campaign committees shall apply to insured thrift institutions in the same manner and to the same extent as if such insured institution were a State member bank. Allows a savings and loan holding company to acquire up to five percent of the voting shares of an unaffiliated thrift institution. (Present law prohibits the acquisition of any voting shares of an unaffiliated institution unless the holding company has, or is acquiring, control of such thrift institution.) Specifies that such five percent limit shall not prohibit a securities dealer that is a subsi… | 2025-08-28T20:06:34Z | |
| 100-s-2715 | 100 | s | 2715 | Emergency Bank Consolidation Act of 1988 | Finance and Financial Sector | 1988-08-10 | 1988-08-10 | Read twice and referred to the Committee on Banking. | Senate | Sen. Proxmire, William [D-WI] | WI | D | P000553 | 1 | Emergency Bank Consolidation Act of 1988 - Amends the Bank Holding Company Act of 1956 to authorize the Federal Reserve Board (Board) to order a bank holding company to: (1) reorganize any or all of its affiliated banks as subsidiaries of a bank in danger of closing; (2) cause any or all of its subsidiary banks located in the same State to merge with or purchase the assets and assume the liabilities of a bank in danger of closing; (3) cause a bank in danger of closing to merge with, or purchase the assets and assume the liabilities of, any or all of the bank holding company's subsidiary banks located in the same State; (4) contribute or transfer or provide to a bank in danger of closing such assets or services as are customarily utilized by a bank in the conduct of its business or operations; or (5) take any combination of such actions. Specifies that the Board may use such authority only if the Federal Deposit Insurance Corporation (FDIC) certifies and recommends that such action is necessary in cases where: (1) an insured bank is in danger of closing; and (2) such actions will lessen the risk to the Federal Deposit Insurance Fund or severe financial conditions exist which threaten the stability of a significant number of banks in the community where the endangered bank is located. Requires the Board to take reasonable efforts to assure that any transfer of assets or securities involving such banks shall not exceed an amount that is reasonably necessary to provide adequate capitalization to such banks. Provides that the Board may use such authority notwithstanding any other provision of this Act, Federal or State bankruptcy laws, any other Federal or State law, the constitution of any State, or any contract or other instrument or security. Specifies that any order issued by the Board under the Authority granted in this Act shall not be subject to judicial review. Specifies that certain provisions of the Bank Holding Company Act, the national banking statutes, the Federal Deposit Insurance Act, and the Hart-… | 2025-08-28T20:08:48Z | |
| 100-s-2722 | 100 | s | 2722 | Brokered Deposits Act of 1988 | Finance and Financial Sector | 1988-08-10 | 1988-08-10 | Read twice and referred to the Committee on Banking. | Senate | Sen. Murkowski, Frank H. [R-AK] | AK | R | M001085 | 0 | Brokered Deposits Act of 1988 - Amends the Federal Deposit Insurance Act and the National Housing Act to limit to $100,000 in the aggregate the deposit insurance for: (1) funds owned by a principal and deposited in a troubled institution into one or more deposit accounts in the name or names of agents or nominees; and (2) funds deposited in a troubled institution into one or more deposit accounts by or through a deposit broker. Specifies that such limitations shall not apply to any account opened before the effective date of this Act. Defines "troubled institution" as a financial institution entitled to deposit insurance which does not meet its minimum capital requirements as determined by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation. | 2025-08-28T20:09:07Z | |
| 100-hr-5171 | 100 | hr | 5171 | A bill to direct the Securities and Exchange Commission to develop standards for valuing stock which is not readily marketable for purposes of the provisions of the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 which relate to employee stock ownership plans. | Finance and Financial Sector | 1988-08-04 | 1988-09-16 | Referred to Subcommittee on Labor-Management Relations. | House | Rep. Stark, Fortney Pete [D-CA-9] | CA | D | S000810 | 0 | Requires the Securities and Exchange Commission to prescribe regulations establishing standards for valuing stock which is not readily tradable on an established securities market for purposes of making valuations under provisions of the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 which relate to employee stock ownership plans. | 2026-03-23T12:41:21Z | |
| 100-hr-5133 | 100 | hr | 5133 | Insider Trading and Securities Fraud Enforcement Act of 1988 | Finance and Financial Sector | 1988-08-02 | 1988-11-19 | Became Public Law No: 100-704. | House | Rep. Markey, Edward J. [D-MA-7] | MA | D | M000133 | 7 | (Measure passed House, amended, roll call #314 (410-0)) Insider Trading and Securities Fraud Enforcement Act of 1988 - Amends the Securities Exchange Act of 1934 to revise the authority of the Securities and Exchange Commission (SEC) to seek civil penalties against persons who participate in illegal insider trading. Authorizes the SEC to seek to impose civil penalties upon any person who, at the time of the violation, directly or indirectly controlled the person who committed the illegal insider trading. Limits the civil liability of a controlled person to the greater of $1,000,000 or three times the amount of the profit gained or loss avoided as a result of the controlled person's violation. Specifies that a controlling person shall not be subject to civil penalties unless the SEC establishes that: (1) such controlling person knew or recklessly disregarded the fact that the controlled person was likely to engage in prohibited acts and failed to take appropriate steps to prevent such prohibited acts; or (2) such controlling person knowingly or recklessly failed to establish or enforce any policy or procedure required under provisions of the Securities Exchange Act and of the Investment Advisers Act of 1940. Sets forth procedures for the collection of any such civil penalty imposed. Specifies a statute of limitations of five years for any such action brought by the SEC. Authorizes the SEC to award a bounty of up to ten percent of any civil penalty imposed to the person or persons who provide information leading to the imposition of such penalty. Requires every registered broker or dealer to establish, maintain, and enforce written policies and procedures to prevent the misuse of material, nonpublic information by such broker or dealer or any person associated with such broker or dealer. Amends the Investment Advisers Act of 1940 to require every investment adviser subject to such Act to establish, maintain, and enforce written policies and procedures to prevent the misuse of material, nonpublic information by… | 2024-02-05T14:30:09Z | |
| 100-hr-5094 | 100 | hr | 5094 | Depository Institutions Act of 1988 | Finance and Financial Sector | 1988-07-26 | 1988-09-27 | Placed on Union Calendar No: 589. | House | Rep. St Germain, Fernand J. [D-RI-1] | RI | D | S000762 | 0 | (Reported to House from the Committee on the Judiciary with amendment, H. Rept. 100-822 (Part III)) Depository Institutions Act of 1988 - Makes technical amendments to the Bank Holding Company Act of 1956. Title I: Securities Activities of National Banks and Bank Holding Company Subsidiaries - Amends the Banking Act of 1933 to permit banks which are members of the Federal Reserve System (member banks) to be affiliates of qualified securities subsidiaries. Sets forth transitional rules for nonbank subsidiaries of bank holding companies engaging in securities activities. Amends the Bank Holding Company Act of 1956 to allow bank holding companies to own shares of qualified securities subsidiaries. Defines a "qualified securities subsidiary" as any company: (1) which is a subsidiary of a bank holding company, is not a bank or insured institution or a subsidiary of a bank or insured institution, engages in securities activities, and is registered as a broker or dealer under the Securities Exchange Act of 1934; and (2) the formation or acquisition of which by a bank holding company has been approved by the Federal Reserve Board. Allows a qualified securities subsidiary to: (1) underwrite, distribute, and deal in municipal securities, commercial paper, asset-back securities, and certain other securities; (2) securities brokerage, investment advisory services, financial advisory services and certain other activities permitted for brokers or dealers registered under the Securities Exchange Act of 1934 or for investment advisers registered under the Investment Advisers Act of 1940; (3) buy and sell foreign currency, coin, and bullion and engage in interest rate and currency swaps; (4) engage in, or acquire the shares of a company engaged in, certain activities with the approval of the Federal Reserve Board; and (5) engage in distributing securities issued by certain investment companies. Prohibits a qualified securities subsidiary from: (1) underwriting, distributing, or dealing in certain corporate debt securities… | 2025-01-14T18:20:21Z | |
| 100-s-2653 | 100 | s | 2653 | A bill to establish a National Commission on the Thrift Industry. | Finance and Financial Sector | 1988-07-25 | 1988-10-19 | Considered by Senate. | Senate | Sen. Sasser, Jim [D-TN] | TN | D | S000068 | 2 | (Measure passed House, amended, roll call #436 (395-21)) Establishes the National Commission on the Thrift Industry. Requires the Commission to investigate: (1) the adequacy of the regulation of thrift institutions; (2) the financial condition and sources of income of the Federal Savings and Loan Insurance Corporation (FSLIC); (3) the extent of liability relating to the FSLIC's inventory of troubled thrift institutions; (4) methods for increasing capital levels in the thrift industry; (5) problems in the structure of the deposit insurance system and options for reforming such system; (6) the impact on the thrift industry of FSLIC assistance programs; (7) the role of the thrift industry in providing mortgage credit, including such industry's projected share of the mortgage market in the year 2000; (8) the role of the mortgage and commercial banking industries and the secondary mortgage market in relation to the thrift industry's role in providing such credit; (9) the need for specialized depository institutions to serve such market, including the extent to which such institutions affect the availability of low- and moderate-income housing; and (10) the potential sources of income for the FSLIC should the Commission determine that the financial resources of the FSLIC will be insufficient to eliminate the inventory of troubled depository institutions. Requires the Commission, on or before February 1, 1989, to report to the President and specified House and Senate committees on its findings and conclusions, including its recommendations for administrative and legislative action. Specifies that any expenses of the Commission shall be paid by the Secretary of the Treasury. Limits the total expenses of the Commission. Directs the Comptroller General to audit and report to the Congress on Commission expenditures. Terminates the Commission 30 days after it submits its final report. | 2025-01-14T18:20:21Z | |
| 100-sres-452 | 100 | sres | 452 | To stop the growth of insolvent thrift institutions. | Finance and Financial Sector | 1988-07-14 | 1988-07-14 | Referred to the Committee on Banking. | Senate | Sen. Proxmire, William [D-WI] | WI | D | P000553 | 0 | Expresses the sense of the Congress that the Federal Home Loan Bank Board should adopt and enforce a program for stopping the growth of deposits and other secured borrowing at insolvent savings and loan associations insured by the Federal Savings and Loan Insurance Corporation. | 2025-01-14T18:20:21Z | |
| 100-hr-5017 | 100 | hr | 5017 | Public Utility Holding Company Modernization Act of 1988 | Finance and Financial Sector | 1988-07-12 | 1988-07-29 | Referred to Subcommittee on Energy and Power. | House | Rep. Bryant, John W. [D-TX-5] | TX | D | B000997 | 6 | Public Utility Holding Company Modernization Act of 1988 - Amends the Public Utility Holding Company Act of 1935 regarding unlawful transactions by registered public utility holding companies to permit a subsidiary company which is neither a holding company or a public utility company to issue and sell securities solely for the purpose of financing its business. Directs the Securities and Exchange Commission to exempt a subsidiary of a registered holding company from the proscription against the issuance or selling of its own securities (including the alteration of stockholder rights to such securities) if such transactions are solely for its business and have been expressly authorized by the pertinent State regulatory authority. Permits a registered holding company to acquire: (1) business interests of a non-public utility nature whose book value aggregates 15 percent of its total consolidated assets; and (2) additional business interests which the Commission finds consistent with the public interest or the protection of investors or consumers. | 2025-08-28T20:07:53Z | |
| 100-hr-4981 | 100 | hr | 4981 | Emergency Bank Consolidation Act of 1988 | Finance and Financial Sector | 1988-07-07 | 1988-07-15 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. St Germain, Fernand J. [D-RI-1] | RI | D | S000762 | 8 | Emergency Bank Consolidation Act of 1988 - Amends the Bank Holding Company Act of 1956 to authorize the Federal Reserve Board (Board) to order a bank holding company to: (1) reorganize any or all of its affiliated banks as subsidiaries of a bank in danger of closing; (2) cause any or all of its subsidiary banks located in the same State to merge with or purchase the assets and assume the liabilities of a bank in danger of closing; (3) cause a bank in danger of closing to merge with, or purchase the assets and assume the liabilities of, any or all of the bank holding company's subsidiary banks located in the same State; (4) contribute or transfer or provide to a bank in danger of closing such assets or services as are customarily utilized by a bank in the conduct of its business or operations; or (5) take any combination of such actions. Specifies that the Board may use such authority only if the Federal Deposit Insurance Corporation (FDIC) certifies and recommends that such action is necessary in cases where: (1) an insured bank is in danger of closing; and (2) such actions will lessen the risk to the Federal Deposit Insurance Fund or severe financial conditions exist which threaten the stability of a significant number of banks in the community where the endangered bank is located. Requires the Board to take reasonable efforts to assure that any transfer of assets or securities involving such banks shall not exceed an amount that is reasonably necessary to provide adequate capitalization to such banks. Provides that the Board may use such authority notwithstanding any other provision of this Act, Federal or State bankruptcy laws, any other Federal or State law, the constitution of any State, or any contract or other instrument or security. Specifies that any order issued by the Board under the Authority granted in this Act shall not be subject to judicial review. Specifies that certain provisions of the Bank Holding Company Act, the national banking statutes, the Federal Deposit Insurance Act, and the Hart-Sc… | 2025-08-28T20:05:37Z | |
| 100-hr-4997 | 100 | hr | 4997 | Securities Market Reform Act of 1988 | Finance and Financial Sector | 1988-07-07 | 1988-07-26 | Hearings Held by Subcommittee on Telecommunications and Finance Prior to Referral (Jul 14, 88). | House | Rep. Markey, Edward J. [D-MA-7] | MA | D | M000133 | 1 | Securities Market Reform Act of 1988 - Amends the Securities Exchange Act of 1934, the Securities Act of 1933, the Investment Company Act of 1940, the Investment Advisers Act of 1940, and the Securities Investor Protection Act to treat securities derivative instruments as securities for purposes of such Acts and to place the registration and trading of such instruments under the jurisdiction of the Securities and Exchange Commission (SEC). Defines a "securities derivative instrument" as any contract of sale (or option on such contract) for future delivery of a group or index of equity securities (or any interest in such a group or index or based upon the value of such a group or index). Prohibits the registration or trading of a securities derivative instrument unless the terms and conditions of such instrument have been reviewed and approved by the SEC and such instrument meets certain minimum requirements. Specifies such minimum requirements as: (1) the trading of such instrument being consistent with the public interest and the protection of investors and not adversely affecting the maintenance of fair and orderly securities markets; (2) the trading of such instrument not being readily susceptible to price manipulations; and (3) such instrument being predominantly composed of the securities of unaffiliated issuers. Provides for public comment on the application for registration on a national securities exchange of any securities derivative instrument. Authorizes the SEC to exempt members of any exchange from certain registration requirements with respect to securities derivative instruments. Authorizes the SEC to deny, suspend, or revoke the registration of any securities derivative instrument. Specifies that the SEC shall have exclusive jurisdiction with regard to securities derivative instruments. Authorizes the Federal Reserve Board to prescribe the minimum amount of margin necessary to establish or maintain a position in any securities derivative instrument. Requires the Federal Reserve Board, in esta… | 2025-08-28T20:07:43Z | |
| 100-hr-5006 | 100 | hr | 5006 | Statehood Centennial Commemorative Coin Act of 1989 | Finance and Financial Sector | 1988-07-07 | 1988-07-15 | Referred to Subcommittee on Consumer Affairs and Coinage. | House | Rep. Williams, Pat [D-MT-1] | MT | D | W000520 | 10 | Statehood Centennial Commemorative Coin Act of 1989 - Directs the Secretary of the Treasury to mint and issue not more than a specified number of five dollar palladium coins in commemoration of the 100th anniversary of the statehood of Idaho, Montana, North Dakota, South Dakota, Washington, and Wyoming. Sets forth restrictions on the procurement of palladium for such coins. Sets forth certain features of such coins and provides for their design, issuance, and sale. Requires the Secretary to deposit in the Treasury all surcharges received from the sale of the coins, to be used to reduce the national debt. | 2025-08-28T20:06:34Z | |
| 100-hr-4960 | 100 | hr | 4960 | Securities Arbitration Reform Act of 1988 | Finance and Financial Sector | 1988-06-30 | 1988-07-12 | Subcommittee Hearings Held. | House | Rep. Boucher, Rick [D-VA-9] | VA | D | B000657 | 2 | Securities Arbitration Reform Act of 1988 - Amends the Securities Exchange Act of 1934 to prohibit securities brokers and dealers and municipal securities dealers from entering into agreements with customers to arbitrate future disputes unless such agreements are entered into in accordance with procedures prescribed by the Securities and Exchange Commission (SEC) to afford the customer the opportunity to make an informed and voluntary decision. Requires the SEC to prescribe such procedures. Sets forth the minimum requirements for such procedures. Specifies that any arbitration agreement that is not in accordance with SEC procedures shall be considered void. Includes as a requirement for the registration of an exchange as a national securities exchange the requirement that the rules of the exchange provide for the fair, equitable, and expeditious resolution of controversies and disputes between customers and members or persons associated with members. Specifies certain minimum requirements which must be incorporated as part of such rules. Sets forth similar requirements with respect to the registration of associations of brokers and dealers as a national securities association. Voids any conditions, stipulations, or provisions binding any person to waive any rights or remedies provided by the Securities Exchange Act of 1934 (or any rules promulgated under such Act or the rules of a self-regulatory organization) except as part of a predispute arbitration agreement which conforms to the requirements of this Act. | 2025-08-28T20:05:03Z | |
| 100-hr-4962 | 100 | hr | 4962 | Statehood Centennial Commemorative Coin Act of 1989 | Finance and Financial Sector | 1988-06-30 | 1988-07-15 | Referred to Subcommittee on Consumer Affairs and Coinage. | House | Rep. Craig, Larry E. [R-ID-1] | ID | R | C000858 | 3 | Statehood Centennial Commemorative Coin Act of 1989 - Directs the Secretary of the Treasury to mint and issue not more than a specified number of five-dollar silver coins in commemoration of the 100th anniversary of the statehood of Idaho, Montana, North Dakota, South Dakota, Washington, and Wyoming. Sets forth certain features of such coins and provides for their design, issuance, and sale. Requires the Secretary to deposit in the Treasury all surcharges received from the sale of the coins, to be used to reduce the national debt. Requires the Secretary to obtain silver for the coins only from stockpiles established under the Strategic and Critical Materials Stock Piling Act. | 2025-08-28T20:04:58Z | |
| 100-hr-4945 | 100 | hr | 4945 | International Securities Enforcement Cooperation Act of 1988 | Finance and Financial Sector | 1988-06-29 | 1988-08-03 | Subcommittee Hearings Held. | House | Rep. Dingell, John D. [D-MI-16] | MI | D | D000355 | 3 | International Securities Enforcement Cooperation Act of 1988 - Title I: Assistance to Foreign Securities Authorities - Amends the Securities Exchange Act of 1934 to authorize the Securities and Exchange Commission (Commission) to provide assistance to a foreign securities authority in the conduct of investigations of securities law violations upon a formal request of such authority. Requires the Commission to consider, in deciding whether to provide such assistance, whether: (1) the requesting authority has agreed to provide reciprocal assistance to the Commission; and (2) compliance with the request would prejudice the public interest. Authorizes the Commission, upon a showing that certain information is needed, to provide all records and other information in its possession to such persons, both domestic and foreign, as the Commission by rule deems appropriate. Requires that the person receiving such records or information must provide such assurances of confidentiality as the Commission deems appropriate. Specifies that such authority shall not affect the Commission's responsibilities under the Right to Financial Privacy Act. Provides that notwithstanding the provision of the Freedom of Information Act the Commission shall not be compelled to disclose records obtained from a foreign securities authority if the foreign securities authority has in good faith represented to the Commission that public disclosure of such records would be contrary to the laws of the foreign country from which they were obtained. Specifies that this Act shall not prevent the Commission from complying with a request for information from the Congress or from complying with a court order in an action brought by the United States or the Commission. Title II: Foreign Misconduct by Securities Professional In Foreign Country As Basis For Restricting Professional's Activities In the United States Securities Industry - Authorizes the Commission to impose sanctions on brokers or dealers, associated persons, and individuals seeking to bec… | 2025-08-28T20:07:16Z | |
| 100-s-2566 | 100 | s | 2566 | Trust Indenture Reform Act of 1988 | Finance and Financial Sector | 1988-06-24 | 1988-06-24 | Read twice and referred to the Committee on Banking. | Senate | Sen. Proxmire, William [D-WI] | WI | D | P000553 | 1 | Trust Indenture Reform Act of 1988 - Amends the Trust Indenture Act of 1939 to revise the authority of the Securities and Exchange Commission (SEC) to exempt certain securities from the provisions of such Act. Allows the SEC to exempt conditionally or unconditionally any person, security, or transaction, or any class or classes of persons, securities, or transactions from ony one or more provisions of such Act. (Presently, such authority is limited to exemptions for securities issued by persons existing under the laws of a foreign government.) Revises the authority of the SEC to refuse to permit the registration of certain securities in cases in which securities shall not be sold until a date subsequent to the effective date of the registration statement relating to such securities. Specifies that in such cases the SEC shall not be required to refuse registration if, prior to the sale of such securities, the obligor of such securities has filed an application for qualification for the indenture under which such securities shall be issued pursuant to SEC regulations. Authorizes the SEC to permit a corporation or other person organized and doing business under the laws of a foreign government to act as sole trustee under a qualified indenture, provided that: (1) such corporation or other person is authorized to exercise corporate trust powers and is subject to supervision or examination equivalent to supervision or examination applicable to U.S. institutional trustees; and (2) reciprocal treatment is afforded to U.S. institutional trustees under the laws of such foreign government. Prohibits any obligor upon indenture securities or person directly or indirectly controlling, controlled by, or under common control with such obligor from serving as trustee upon such indenture securities. Revises rules for the disqualification of indenture trustees who have or who acquire any conflicting interest. Permits a trustee to serve under a qualified indenture so long as there is no default under the indenture. Specifies … | 2025-08-28T20:07:09Z | |
| 100-hr-4894 | 100 | hr | 4894 | A bill to establish a commission to be known as the National Thrift Institutions Commission. | Finance and Financial Sector | 1988-06-22 | 1988-08-02 | Subcommittee Hearings Held. | House | Rep. Parris, Stanford E. (Stan) [R-VA-8] | VA | R | P000080 | 11 | Establishes the National Thrift Institutions Commission. Requires the Commission to conduct a continuing study, investigation, and review of: (1) the stability of the Federal Savings and Loan Insurance Corporation (FSLIC); (2) the recapitalization plan of the FSLIC as enacted by the Competitive Equality Banking Act of 1987; and (3) the stability of the thrift industry as a separately regulated industry. Requires the Commission to make specific recommendations regarding: (1) methods to improve the stability of the FSLIC; and (2) methods to enhance the capital adequacy and overall stability of the thrift industry. Requires the Commission to submit a final report to the President and the Congress on April 1, 1989. Authorizes the President to extend the date for the submission of such report to May 1, 1989. Limits the total expenses of the Commission. Terminates the Commission 30 days after submission of its final report. | 2024-02-06T19:38:08Z | |
| 100-hr-4873 | 100 | hr | 4873 | 1991 Mount Rushmore Commemorative Coin Act | Finance and Financial Sector | 1988-06-21 | 1988-07-01 | Referred to Subcommittee on Consumer Affairs and Coinage. | House | Rep. Johnson, Tim [D-SD-At Large] | SD | D | J000177 | 0 | 1991 Mount Rushmore Commemorative Coin Act - Requires the Secretary of the Treasury to issue a specified number of five-dollar gold coins, one-dollar silver coins, and half-dollar clad coins in commemoration of the Mount Rushmore National Memorial. Provides that such coins shall be considered legal tender. Requires the Secretary to begin issuing such coins on January 1, 1991. Allows the Secretary to obtain silver for the minting of such coins from stockpiles established under the Strategic and Critical Minerals Stock Piling Act and to obtain gold pursuant to authority under existing law. Provides that the design of such coins shall be selected by the Secretary after consultation with the Mount Rushmore National Memorial Society of Black Hills. Specifies the sales price of such coins as the face value plus costs. Requires that all sales of such coins include a surcharge of $35 per coin for five-dollar coins, $7 per coin for one-dollar coins, and $1 for half-dollar coins. Requires that of the total surcharges received by the Secretary from the sale of such coins: (1) 50 percent shall be returned to the Treasury for purposes of reducing the national debt; and (2) 50 percent shall be paid to the Society to assist efforts to improve the Mount Rushmore National Memorial. Authorizes the Comptroller General to audit such payments. Requires the Secretary to take such actions as may be necessary to ensure that the minting and issuance of such coins shall not result in any net costs to the Government. | 2025-08-28T20:05:36Z | |
| 100-hr-4875 | 100 | hr | 4875 | Insolvent Thrift Institution Growth Limit Act of 1988 | Finance and Financial Sector | 1988-06-21 | 1988-07-01 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. Leach, James A. [R-IA-1] | IA | R | L000169 | 0 | Insolvent Thrift Institution Growth Limit Act of 1988 - Requires the Federal Home Loan Bank Board to prohibit increases in the total assets of insured thrift institutions with negative net worth. Exempts institutions which are insured by the State in which they are located and institutions which agree to forego Federal Savings and Loan Insurance Corporation coverage. | 2025-08-28T20:05:56Z | |
| 100-hr-4879 | 100 | hr | 4879 | Management Interlocks Revision Act of 1988 | Finance and Financial Sector | 1988-06-21 | 1988-11-10 | Became Public Law No: 100-650. | House | Rep. Parris, Stanford E. (Stan) [R-VA-8] | VA | R | P000080 | 9 | Management Interlocks Revision Act of 1988 - Amends the Depository Institution Management Interlocks Act to revise the definition of "affiliated" corporation to mean a corporation which is owned by persons who own more than 25 percent of another corporation. (Present law defines such term as 50 percent ownership.) Revises the definition of "management official" to exclude an advisory or honorary director of a depository institution with total assets of less than $100,000,000. Provides an exception to the prohibitions against dual service of management officials of depository institutions within a primary metropolitan statistical area and against dual service of management officials of a $1,000,000,000 institution or holding company with an unaffiliated $500,000,000 institution or holding company in cases of: (1) failed or failing institutions which are acquired by another depository institution or depository holding company during a specified five-year period; and (2) any diversified savings and loan holding company if the appropriate Federal depository institutions regulatory agencies do not disapprove. Defines the "appropriate depository institutions regulatory agency" for purposes of issuing rules and regulations under such Act to include the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Federal Home Loan Bank Board, and the National Credit Union Administration. Extends for five years the exception from coverage by the Depository Institution Management Interlocks Act of officials in service in a position prior to November 10, 1978. (Such exemption is scheduled to expire under current law on November 10, 1988.) | 2024-02-06T19:38:08Z | |
| 100-s-2544 | 100 | s | 2544 | International Securities Enforcement Cooperation Act of 1988 | Finance and Financial Sector | 1988-06-21 | 1988-08-08 | Placed on Senate Legislative Calendar under General Orders. Calendar No. 877. | Senate | Sen. Riegle, Donald W., Jr. [D-MI] | MI | D | R000249 | 5 | (Reported to Senate from the Committee on Banking, Housing, and Urban Affairs with amendment, S. Rept. 100-461) International Securities Enforcement Cooperation Act of 1988 - Title I: Assistance to Foreign Securities Authorities - Amends the Securities Exchange Act of 1934 to authorize the Securities and Exchange Commission (Commission) to provide assistance to a foreign securities authority in the conduct of investigations of securities law violations. Requires the foreign securities authority to: (1) make a formal request for such assistance; and (2) agree to provide similar assistance to the Commission in securities matters. Authorizes the Commission, upon a showing that certain information is needed, to provide all records and other information in its possession to such persons, both domestic and foreign, as the Commission by rule deems appropriate. Requires that the person receiving such records or information must provide such assurances of confidentiality as the Commission deems appropriate. Specifies that such authority shall not affect the Commission's responsibilities under the Right to Financial Privacy Act. Provides that notwithstanding the provisions of the Freedom of Information Act, the Commission shall not be compelled to disclose records obtained from a foreign securities authority if the foreign securities authority has in good faith represented to the Commission that public disclosure of such records would be contrary to the laws of the foreign country from which they were obtained. Specifies that this Act shall not prevent the Commission from complying with a request for information from the Congress or from complying with a court order in an action brought by the United States or the Commission. Title II: Foreign Misconduct By Securities Professional In Foreign Country As Basis For Restricting Professional's Activities In the United States Securities Industry - Authorizes the Commission to impose sanctions on brokers or dealers, associated persons, and individuals seeking to become ass… | 2025-01-14T18:20:21Z | |
| 100-hr-4853 | 100 | hr | 4853 | Money Laundering Control Amendments of 1988 | Finance and Financial Sector | 1988-06-16 | 1988-06-21 | Placed on Union Calendar No: 434. | House | Rep. St Germain, Fernand J. [D-RI-1] | RI | D | S000762 | 0 | Money Laundering Control Amendments of 1988 - Prohibits financial institutions from issuing or selling any bank check, cashier's check, traveler's check, or money order to any individual in connection with any transaction which involves U.S. coins or currency (or other monetary instruments) in amounts or denominations of $3,000 or more, unless: (1) the individual has an account which is verified by the institution and such verification is recorded; or (2) the individual furnishes identification which is verified and recorded by the financial institution. Requires financial institutions to furnish to the Secretary of the Treasury upon request any such information required to be recorded in connection with such transactions. Authorizes the Secretary to prescribe regulations requiring domestic financial institutions to obtain information, keep records, and submit reports concerning: (1) its transactions involving monetary instruments that exceed amounts which the Secretary may prescribe; and (2) other parties participating in the transactions. Amends the Right to Financial Privacy Act of 1978 to exempt from the confidentiality provisions of such Act the financial records of officers, directors, employees, or controlling shareholders of a financial institution when such records are provided by the financial institution or supervisory agency to the Attorney General or a State law enforcement agency if there is reason to believe such records are relevant to crimes by such persons against financial institutions or supervisory agencies or violations of statutes governing recordkeeping and reporting on monetary instruments transactions. Revises the good faith defense to conform to such exemption. Allows a grand jury to be provided with a description of the contents of financial records if the volume of such records makes such return and actual presentation impractical. Authorizes the Secretary to delegate to the U.S. Postal Service the powers and duties in connection with records and reports on monetary instruments tran… | 2025-08-28T20:04:58Z | |
| 100-hr-4808 | 100 | hr | 4808 | Risk-Based Special Assessment Act | Finance and Financial Sector | 1988-06-14 | 1988-07-01 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. LaFalce, John J. [D-NY-32] | NY | D | L000556 | 0 | Risk-Based Special Assessment Act - Amends the National Housing Act to authorize the Federal Savings and Loan Insurance Corporation (FSLIC) to: (1) establish criteria for measuring and determining the degree to which any insured institution poses a risk to the reserves of the FSLIC; (2) assess an additional insurance premium against insured institutions based on such risk; and (3) establish a scale for a range of such additional premiums proportionate to the risk posed by institutions. Sets forth the factors to be considered in establishing the criteria for measuring and determining risk. | 2025-08-28T20:08:28Z | |
| 100-hr-4809 | 100 | hr | 4809 | Thrift Institution Prudent Investment Act of 1988 | Finance and Financial Sector | 1988-06-14 | 1988-07-01 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. Leach, James A. [R-IA-1] | IA | R | L000169 | 0 | Thrift Institution Prudent Investment Act of 1988 - Requires the Federal Home Loan Bank Board (FHLBB) to prescribe regulations to limit the extent to which any insured thrift institution may make direct investments. Specifies that under such regulations the aggregate amount of direct investments of any insured thrift institution may not exceed the aggregate amount of direct investments which an insured bank may make under regulations prescribed by the appropriate Federal banking agencies. Exempts from such regulations certain State thrift institutions. Sets forth transitional rules. Prohibits an insured thrift institution which has a capital-to-assets ratio of five percent or less from making any loans or investments other than home loans secured by real property and certain other specified loans and investments. Reduces from $100,000 to $20,000 the Federal deposit insurance coverage for an insured thrift institution which has a capital-to-assets ratio of ten percent or less. | 2025-08-28T20:05:16Z | |
| 100-hr-4753 | 100 | hr | 4753 | Banking Reform and Community Benefits Act of 1988 | Finance and Financial Sector | 1988-06-07 | 1988-06-15 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. Ridge, Thomas J. [R-PA-21] | PA | R | R000243 | 0 | Banking Reform and Community Benefits Act of 1988 - Title I: Certain Securities Activities Allowed for Bank Holding Companies and Bank Service Corporations - Financial Services Competitive Enhancement Act - Amends the Bank Holding Company Act of 1956 to allow bank holding companies to own shares of certain qualified securities affiliates. Defines a "qualified securities affiliate" to mean any company which: (1) is a broker or dealer under the Securities Exchange Act of 1934; and (2) does not underwrite or deal in securities except to the extent authorized by this Act. Allows any qualified securities affiliate to: (1) buy, sell, or underwrite asset-backed securities, municipal securities, and securities in which a national bank may deal or underwrite; (2) buy, sell, and underwrite commercial paper and long-term corporate debt; and (3) buy, sell, and underwrite shares issued by any investment company. Directs the Board of Governors of the Federal Reserve System (Federal Reserve Board) to disapprove the acquisition of a qualified securities affiliate by a bank holding company if the acquisition would result in the affiliation of a large bank or bank holding company (one having assets of more than $30,000,000,000) with a large investment banking organization (one having assets of more than $15,000,000,000). Establishes criteria for bank holding company funding of qualified securities affiliates. Establishes capital adequacy criteria to be used by the Board in determining whether a bank holding company meets acquisition guidelines. Establishes restrictions on inter-affiliate transactions, including prohibiting a bank or insured institution from: (1) extending credit to a securities affiliate; and (2) purchasing the assets of a securities affiliate. Amends the Bank Service Corporation Act to allow bank service corporations to engage in any securities activity in which a qualified securities affiliate may engage. Amends the Banking Act of 1933 to allow member banks (banks which are members of a Federal Reserve bank)… | 2025-08-28T20:08:02Z | |
| 100-s-2451 | 100 | s | 2451 | A bill to extend the moratorium on thrift institutions' voluntarily terminating deposit insurance provided by the Federal Savings and Loan Insurance Corporation, and for other purposes. | Finance and Financial Sector | 1988-05-27 | 1988-05-27 | Read twice and referred to the Committee on Banking. | Senate | Sen. Proxmire, William [D-WI] | WI | D | P000553 | 1 | Amends the Federal Savings and Loan Insurance Corporation Recapitalization Act of 1987 to extend for one year the moratorium on thrift institutions' voluntarily terminating deposit insurance provided by the Federal Savings and Loan Insurance Corporation. | 2025-01-14T18:20:21Z | |
| 100-hr-4711 | 100 | hr | 4711 | A bill to extend the prohibition on the voluntary termination of any thrift institution's insured status under title IV of the National Housing Act for 1 additional year. | Finance and Financial Sector | 1988-05-26 | 1988-06-01 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. St Germain, Fernand J. [D-RI-1] | RI | D | S000762 | 25 | Amends the Federal Savings and Loan Insurance Corporation Recapitalization Act of 1987 to extend for one year the moratorium on thrift institutions' voluntarily terminating deposit insurance provided by the Federal Savings and Loan Insurance Corporation. | 2024-02-06T19:38:08Z | |
| 100-s-2427 | 100 | s | 2427 | 1991 Mount Rushmore Commemorative Coin Act | Finance and Financial Sector | 1988-05-24 | 1988-05-24 | Read twice and referred to the Committee on Banking. | Senate | Sen. Pressler, Larry [R-SD] | SD | R | P000513 | 1 | 1991 Mount Rushmore Commemorative Coin Act - Requires the Secretary of the Treasury to issue a specified number of five-dollar gold coins, one-dollar silver coins, and half-dollar clad coins in commemoration of the Mount Rushmore National Memorial. Provides that such coins shall be considered legal tender. Requires the Secretary to begin issuing such coins on January 1, 1991. Allows the Secretary to obtain silver for the minting of such coins from stockpiles established under the Strategic and Critical Minerals Stock Piling Act and to obtain gold pursuant to authority under existing law. Provides that the design of such coins shall be selected by the Secretary after consultation with the Mount Rushmore National Memorial Society of Black Hills. Specifies the sales price of such coins as the face value plus costs. Requires that all sales of such coins include a surcharge of $35 per coin for five-dollar coins, $7 per coin for one-dollar coins, and $1 for half-dollar coins. Requires that of the total surcharges received by the Secretary from the sale of such coins: (1) 50 percent shall be returned to the Treasury for purposes of reducing the national debt; and (2) 50 percent shall be paid to the Society to assist efforts to improve the Mount Rushmore National Memorial. Authorizes the Comptroller General to audit such payments. Requires the Secretary to take such actions as may be necessary to ensure that the minting and issuance of such coins shall not result in any net costs to the Government. | 2025-08-28T20:05:01Z | |
| 100-hr-4657 | 100 | hr | 4657 | A bill to amend title 11 of the United States Code with respect to the rejection of executory contracts licensing rights to intellectual property. | Finance and Financial Sector | 1988-05-23 | 1988-09-23 | Clean Bill H.R.5348 Forwarded by Subcommittee to Full Committee in Lieu. | House | Rep. Edwards, Don [D-CA-10] | CA | D | E000064 | 5 | Amends Federal bankruptcy law to provide that if a trustee in bankruptcy rejects an executory contract which licenses rights to intellectual property then the licensee under such a contract may elect to: (1) treat such contract as terminated if specific conditions are met; or (2) retain its rights under such contract as such rights existed immediately before the case commenced. Provides that if the licensee elects to retain its rights under such a contract then: (1) the trustee shall allow the licensee to exercise such rights; and (2) the licensee shall make all payments due under the contract and shall be deemed to waive certain claims and any right of setoff. Specifies that on the written request of a licensee the trustee shall: (1) to the extent provided in the contracts provide to the licensee any intellectual property held by the trustee; and (2) refrain from interference with the rights of the licensee to intellectual property as provided in the contract. Provides that prior to a rejection of such a contract and upon the written request of a licensee, a trustee must: (1) perform such contract or provide to the licensee such intellectual property held by the trustee; and (2) refrain from interference with the rights of the licensee as provided in the contract. | 2021-06-10T21:28:41Z | |
| 100-hr-4646 | 100 | hr | 4646 | Federal Asset Disposition Association Dissolution Act | Finance and Financial Sector | 1988-05-19 | 1988-10-12 | Failed to Receive 2/3's Vote to Suspend and Pass by Yea-Nay Vote: 247 - 130 (Record Vote No: 442). | House | Rep. Kanjorski, Paul E. [D-PA-11] | PA | D | K000008 | 35 | Federal Asset Disposition Association Dissolution Act - Amends the National Housing Act to specify that the purpose of the establishment of new savings and loan associations in connection with a liquidation is to make insured accounts available to association members. Specifies that provisions of the National Housing Act shall not be construed as authorizing the Federal Savings and Loan Insurance Corporation (FSLIC) to organize a new Federal association for the purpose of managing or disposing of any assets: (1) of an insured institution for which the FSLIC has been appointed receiver; or (2) acquired by the FSLIC in order to prevent a default. Authorizes the FSLIC to delegate such liquidation functions to an appropriate regional office. Prohibits the Federal Asset Disposition Association (FADA) from engaging in any new activities after the date of the enactment of this Act. Directs the FSLIC to require FADA to assign all its rights and obligations under any contract to the FSLIC. Requires the FSLIC, within 60 days after the enactment of this Act, to revoke the charter of FADA and assume its assets and liabilities. Specifies that this Act shall not be construed as any recognition or ratification by the Congress of: (1) any authority of the FSLIC to charter FADA; or (2) any authority of FADA to act on behalf of the FSLIC. Requires the FSLIC to prepare and submit to the Congress a report describing: (1) the manner in which the dissolution of FADA was implemented; (2) the results of such dissolution; and (3) FSLIC's actions as the receiver of FADA. Specifies certain information to be included in such report. Requires the FSLIC to take such action as may be necessary to ensure that the FSLIC and all officers and employees of the FSLIC maintain full compliance with the competitive procurement requirements of the Federal Property and Administrative Services Act of 1949. Requires the FSLIC to liquidate the assets of insolvent savings and loan associations in a manner which: (1) minimizes the cost to the FSLIC; (2… | 2025-08-28T20:07:58Z | |
| 100-s-2410 | 100 | s | 2410 | A bill to authorize the Securities and Exchange Commission to conduct a study of proxy contests as a vehicle for corporate takeover activity; the role and conduct of institutional investors and their fund managers, including managers of public and private pension funds, in connection with such contests; and the need for, and feasibility of, measures intended to improve protections for persons on whose behalf and for whose benefit fund managers hold securities entitled to vote in such contests. | Finance and Financial Sector | 1988-05-18 | 1988-05-18 | Read twice and referred to the Committee on Banking. | Senate | Sen. Sasser, Jim [D-TN] | TN | D | S000068 | 0 | Requires the Securities and Exchange Commission to conduct a study of, and report to specified congressional committees on: (1) the use of proxy contests as a vehicle for corporate takeover activity; (2) the role and conduct of institutional investors and their fund managers in connection with long-term and short-term factors affecting voting by fund managers; and (3) the need for, and feasibility of, measures to improve protections for persons for whose benefit fund managers hold securities entitled to vote in such contests. | 2025-01-14T18:20:21Z | |
| 100-hr-4527 | 100 | hr | 4527 | A bill to authorize appropriations for the United States Mint, for fiscal years 1989 and 1990, and for other purposes. | Finance and Financial Sector | 1988-05-04 | 1988-05-12 | Referred to Subcommittee on Consumer Affairs and Coinage. | House | Rep. Annunzio, Frank [D-IL-11] | IL | D | A000212 | 1 | Authorizes appropriations for FY 1989 and 1990 for the United States Mint to pay the costs of the mints and assay offices. Specifies that a certain amount of funds shall remain available until expended for research and development. Authorizes appropriations to the Department of the Treasury for increases in salary, pay, retirement, other benefits for Mint employees, and for other nondiscretionary costs. | 2024-02-06T19:38:08Z | |
| 100-s-2303 | 100 | s | 2303 | Fair Deposit Insurance Assessment Act | Finance and Financial Sector | 1988-04-21 | 1988-04-21 | Read twice and referred to the Committee on Banking. | Senate | Sen. Nickles, Don [R-OK] | OK | R | N000102 | 0 | Fair Deposit Insurance Assessment Act - Amends the Federal Deposit Insurance Act to include foreign deposits in the assessment base of an insured bank for purposes of calculating the premium for bank deposit insurance. Decreases the bank deposit insurance assessment rate from one-twelfth of one percent to one-fourteenth of one percent of a bank's assessment base. | 2025-08-28T20:05:01Z | |
| 100-hr-4438 | 100 | hr | 4438 | Credit Union System Improvement Act of 1988 | Finance and Financial Sector | 1988-04-20 | 1988-04-20 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. Wyden, Ron [D-OR-3] | OR | D | W000779 | 35 | Credit Union System Improvement Act of 1988 - Amends the Federal Credit Union Act to require that at least one member of the National Credit Union Administration Board (NCUAB) be an individual who has substantial credit union experience. Requires the Chairman of the NCUAB to assign to a Board member the responsibility to consult with insured State-chartered credit unions in the formulation and implementation of policies and regulations. | 2025-08-28T20:06:31Z | |
| 100-s-2283 | 100 | s | 2283 | Statehood Centennial Commemorative Coin Act of 1989 | Finance and Financial Sector | 1988-04-14 | 1988-09-16 | Referred to House Committee on Banking, Finance and Urban Affairs. | Senate | Sen. Baucus, Max [D-MT] | MT | D | B000243 | 11 | (Measure passed Senate, amended) Statehood Centennial Commemorative Coin Act of 1989 - Directs the Secretary of the Treasury to mint and issue not more than a specified number of five dollar palladium coins in commemoration of the 100th anniversary of the statehood of Idaho, Montana, North Dakota, South Dakota, Washington, and Wyoming. Sets forth certain features of such coins and provides for their design, issuance, and sale. Terminates authority to mint coins under this Act after December 31, 1990. Requires a specified amount of all surcharges received from the sale of the coins to be provided to the "Documents West" exhibition program and administered by the Idaho Centennial Commission, to be used only for promoting the exhibition. Requires the Secretary to deposit in the Treasury all remaining surcharges received, to be used to reduce the national debt. Declares that: (1) no law governing procurement or public contracts shall be applicable to the procurement of goods and services for this Act, except laws relating to equal employment opportunity; and (2) no firm shall be considered a Federal contractor for purposes of specified Federal regulations as a result of participating as a U.S. Mint coin consignee. | 2025-01-14T18:20:21Z | |
| 100-s-2288 | 100 | s | 2288 | A bill to amend the Bank Holding Company act of 1956 to prohibit foreign bank holding companies from acquiring any shares of a company which is primarily engaged in making a tender offer for a United States company engaged in activities other than those permissible for United States bank holding companies and to provide for limitations on acquisitions of companies primarily engaged in other than financial services by certain companies owning banks. | Finance and Financial Sector | 1988-04-14 | 1988-04-14 | Read twice and referred to the Committee on Banking. | Senate | Sen. Heinz, John [R-PA] | PA | R | H000456 | 1 | Amends the Bank Holding Company Act of 1956 to prohibit any foreign bank holding company from acquiring, after March 30, 1988, any stock of a company that is in the process of acquiring at least 25 percent of any class of shares of a U.S. company if: (1) the U.S. company engages in activities other than those permissible for a U.S. bank holding company; and (2) the acquisition of the U.S. company shares results from a tender offer by a person acquiring more than five percent of the class of securities in question. Requires foreign bank holding companies to divest themselves of any shares acquired before March 30, 1988, that fall within the described prohibition. Treats as a bank holding company (and thus subject to prohibitions with respect to equity interests in nonbanking organizations) any company that owns a grandfathered nonbank bank if: (1) the company's consolidated assets are at least 50 percent devoted to financial services and more than ten percent devoted to insured banks; and (2) the company acquires control, after March 28, 1988, of more than five percent of the stock of a company not primarily devoted to financial services activities. | 2025-01-14T18:20:21Z | |
| 100-hr-4380 | 100 | hr | 4380 | A bill to amend the Bank Holding Act of 1956 to limit certain acquisitions by grandfathered bank holding companies and bank holding companies organized under the laws of foreign countries. | Finance and Financial Sector | 1988-04-13 | 1988-04-13 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. Ridge, Thomas J. [R-PA-21] | PA | R | R000243 | 10 | Amends the Bank Holding Company Act of 1956 to treat as a bank holding company (and thus subject to prohibitions with respect to equity interests in nonbanking organizations) any company that owns a grandfathered nonbank bank if: (1) the company's consolidated assets are at least 50 percent devoted to financial services and more than ten percent devoted to insured banks; and (2) the company acquires control, after March 28, 1988, of more than five percent of the stock of a company not primarily devoted to financial services activities. Prohibits any foreign bank holding company from acquiring, after March 30, 1988, any stock of a company that is in the process of acquiring at least 25 percent of any class of shares of a U.S. company if: (1) the U.S. company engages in activities other than those permissible for a U.S. bank holding company or a nonbanking subsidiary thereof; and (2) the acquisition of the U.S. company shares results from a tender offer by a person acquiring more than five percent of the class of securities in question. Requires foreign bank holding companies to divest themselves of any shares acquired on or before March 30, 1988, that fall within the described prohibition. | 2024-02-06T19:38:08Z | |
| 100-s-2279 | 100 | s | 2279 | A bill to amend title 11 of the United States Code, the bankruptcy code, regarding swap agreements. | Finance and Financial Sector | 1988-04-13 | 1988-10-24 | Referred to Subcommittee on Monopolies and Commercial Law. | Senate | Sen. DeConcini, Dennis [D-AZ] | AZ | D | D000185 | 1 | Amends Federal bankruptcy law to define "swap agreements" and "swap participant." Exempts various transactions in connection with interest rate and currency swap agreements from the automatic stay triggered by the filing of a bankruptcy petition. Prohibits the trustee in bankruptcy from avoiding any transfer made under a swap agreement before commencement of the bankruptcy case or any setoff in connection with a swap agreement if the offset is made within 90 days prior to the bankruptcy filing. Provides that the contractual right of a nonbankrupt party to a swap agreement to terminate the agreement shall not be stayed or otherwise limited under Federal bankruptcy law or by related judicial or administrative proceedings. | 2025-07-21T19:32:26Z | |
| 100-hr-4342 | 100 | hr | 4342 | A bill to prohibit discrimination in the provision of credit on the basis of the applicant's course of study. | Finance and Financial Sector | 1988-03-31 | 1988-04-15 | Referred to Subcommittee on Consumer Affairs and Coinage. | House | Rep. Kleczka, Gerald D. [D-WI-4] | WI | D | K000259 | 11 | Amends the Equal Credit Opportunity Act to prohibit discrimination in the provision of credit on the basis of the applicant's course of study or intended course of study. | 2024-02-06T19:38:08Z | |
| 100-s-2256 | 100 | s | 2256 | Intermarket Coordination Act of 1988 | Finance and Financial Sector | 1988-03-31 | 1988-05-11 | Committee on Banking. Hearings concluded. Hearings printed: S.Hrg. 100-688. | Senate | Sen. Proxmire, William [D-WI] | WI | D | P000553 | 9 | Intermarket Coordination Act of 1988 - Establishes the Intermarket Coordination Committee in the interest of creating a more carefully coordinated regulatory system with regard to equity securities, stock index futures, and stock index options. Directs the Committee to establish coordination mechanisms in connection with specific intermarket activities, including planning, information systems, circuit breaker mechanisms, and margin requirements, and to initiate discussions at the international level regarding information exchanges and regulatory coordination. Directs the Committee to report its progress quarterly to the Congress. Requires annual reporting on both domestic and international intermarket coordination once the Committee has reported substantial completion of its duties. | 2025-08-28T20:05:41Z | |
| 100-hr-4207 | 100 | hr | 4207 | Financial Modernization Act of 1988 | Finance and Financial Sector | 1988-03-21 | 1988-04-06 | Referred to Subcommittee on Commerce, Consumer Protection, and Competitiveness. | House | Rep. LaFalce, John J. [D-NY-32] | NY | D | L000556 | 0 | Financial Modernization Act of 1988 - Title I: Securities Affiliates of Bank Holding Companies - Amends the Banking Act of 1933 ("Glass-Steagall Act") to repeal specified provisions of such Act which: (1) prohibit a bank that is a member of the Federal Reserve System (member bank) from affiliating with a securities firm; and (2) prohibit member banks from employing officers, directors, or employees who are also employed by a firm primarily engaged in securities activities. Amends the Bank Holding Company Act of 1956 to allow bank holding companies to own shares of securities affiliates which engage in: (1) underwriting, distributing, or dealing in securities of any type; (2) securities brokerage, investment advisory, or other accepted securities activities; and (3) other activities permitted by the Board of Governors of the Federal Reserve System. Establishes criteria for Board approval of such acquisitions. Prohibits mergers between certain large banks or bank holding companies (those having assets of more than $30,000,000,000) and large securities firms (those having assets of more than $15,000,000,000). Establishes criteria (including a notice requirement) for bank holding company investment in securities affiliates. Establishes capital standards to be used by the Board in determining whether a bank holding company meets the acquisition guidelines. Restricts transactions between banks or insured institutions and securities affiliates, including: (1) extensions of credit directly or indirectly benefiting such affiliates; and (2) interlocking directorates. Requires each securities affiliate to prominently disclose to customers that: (1) the securities affiliate is not a bank or a federally-insured institution and is separate from any affiliated bank or insured institution; (2) the securities offered or sold are not deposits and are not insured by the Federal Deposit Insurance Corporation (FDIC) or the Federal Savings and Loan Corporation (FSLIC) and are not guaranteed by an affiliated bank or insured insti… | 2025-08-28T20:05:42Z | |
| 100-hr-4169 | 100 | hr | 4169 | Electric Power Bankruptcy Amendments of 1988 | Finance and Financial Sector | 1988-03-16 | 1988-03-22 | Referred to Subcommittee on Monopolies and Commercial Law. | House | Rep. Gregg, Judd [R-NH-2] | NH | R | G000445 | 2 | Electric Power Bankruptcy Amendments of 1988 - Amends Federal bankruptcy provisions to require that, in a reorganization case involving a debtor who is engaged primarily in the business of selling electric power, the trustee shall assume any executory contract for the sale or purchase of electric power from a nonnuclear source. Provides, in such a case, for the appointment by the court (as soon as practicable after the order for relief) of a committee of ten petitioners who regularly purchase electric power from the debtor (five residential and five nonresidential users) to act as a creditors' committee. Allows a representative of the legislative body of a State in which the electric power is consumed by persons who regularly purchase electric power from the debtor to raise an appeal and be heard on any issue in the case. Limits the powers of the court to supersede, modify, or interfere with the operation of nonbankruptcy law applicable to the sale or purchase of electric power from a nonnuclear source by such a debtor. | 2025-08-28T20:05:42Z | |
| 100-hres-404 | 100 | hres | 404 | A resolution concerning the dual banking system. | Finance and Financial Sector | 1988-03-16 | 1988-04-01 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. Neal, Stephen L. [D-NC-5] | NC | D | N000016 | 4 | Declares that the House of Representatives: (1) supports the authority of States to determine and to regulate the activities of State-chartered banks consistent with the Federal and State interest in the safety and soundness of the banking system; and (2) pledges to preserve and strengthen the dual banking system. | 2024-02-06T19:38:08Z | |
| 100-hr-4144 | 100 | hr | 4144 | A bill to exclude certain farmout agreements from property of the estate. | Finance and Financial Sector | 1988-03-14 | 1988-03-14 | Referred to House Committee on The Judiciary. | House | Rep. Brooks, Jack B. [D-TX-9] | TX | D | B000880 | 0 | Amends Federal bankruptcy provisions to exclude property interests in, or contract rights to, hydrocarbons and other minerals produced with hydrocarbons from a debtor's estate to the extent that such debtor has contractually transferred such interests or rights. | 2021-06-10T21:18:31Z | |
| 100-s-2161 | 100 | s | 2161 | A bill to exclude certain farmout agreements from property of the estate. | Finance and Financial Sector | 1988-03-14 | 1988-08-10 | Subcommittee on Courts and Administrative Practice. Hearings held. | Senate | Sen. Bentsen, Lloyd M. [D-TX] | TX | D | B000401 | 0 | Amends Federal bankruptcy provisions to exclude property interests in, or contract rights to, hydrocarbons and other minerals produced with hydrocarbons from a debtor's estate to the extent that such debtor has contractually transferred such interests or rights. | 2025-07-21T19:32:26Z | |
| 100-hr-4130 | 100 | hr | 4130 | World Trade Expansion, Development, and Financial Stability Act of 1988 | Finance and Financial Sector | 1988-03-10 | 1988-04-01 | Referred to Subcommittee on International Finance, Trade and Monetary Policy. | House | Rep. Pease, Donald J. [D-OH-13] | OH | D | P000170 | 0 | World Trade Expansion, Development, and Financial Stability Act of 1988 - Directs the Secretary of the Treasury (in consultation with the Interagency Country Exposure Review Committee and the International Monetary Fund) to estimate the aggregate economic value of the outstanding sovereign debt of each special debtor country which is held by one or more private commercial banks located in the United States. Specifies the factors to be taken into account in making such estimate. Amends the International Lending Supervision Act of 1983 to allow a temporary exemption from the Federal Reserve Board's risk-based capital guidelines for any banking institution which exchanges its entire portfolio of sovereign debt of special debtor countries for obligations of the special international debt facility established pursuant to this Act. Defines a "special debtor country" to mean any country listed among the "Highly Indebted Countries" in the 1987-88 edition of the World Debt Tables published by the International Bank for Reconstruction and Development. Expresses the sense of the Congress that the exchange by U.S. banks of obligations of special debtor countries for obligations issued by the special international debt facility entails debt forgiveness and constitutes a troubled debt restructuring within the meaning of certain accounting standards as issued by the Financial Accounting Standards Board. Requires banking institutions which hold loans to special debtor countries or which exchange such loans for obligations issued by the special international debt facility to establish special reserves (in addition to reserves presently required). Sets forth the method of calculating the amount of such reserves. Requires the Secretary of the Treasury, in consultation with the Federal Reserve Board, to make recommendations to specified congressional committees concerning whether banks which exchange their entire portfolio of sovereign debt of special debtor countries for obligations issued by the special international debt facilit… | 2025-08-28T20:05:19Z | |
| 100-hr-4061 | 100 | hr | 4061 | Federal Deposit Insurance Assessment Equity Act | Finance and Financial Sector | 1988-03-02 | 1988-03-15 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. Kleczka, Gerald D. [D-WI-4] | WI | D | K000259 | 7 | Federal Deposit Insurance Assessment Equity Act - Amends the Federal Deposit Insurance Act to include foreign deposits in the assessment base of an insured bank for purposes of calculating the premium for bank deposit insurance. Decreases the bank deposit insurance assessment rate from one-twelfth of one percent to one-fourteenth of one percent of a bank's assessment base. | 2025-08-28T20:07:28Z | |
| 100-hr-4062 | 100 | hr | 4062 | A bill entitled, "The Management Interlocks Revision Act of 1988". | Finance and Financial Sector | 1988-03-02 | 1988-03-15 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. Parris, Stanford E. (Stan) [R-VA-8] | VA | R | P000080 | 4 | Amends the Depository Institutions Management Interlocks Act to revise the definition of "affiliated" corporation to mean a corporation which is more than 25 percent owned by persons who own more than 25 percent of another corporation. (Present law defines such term as 50 percent ownership.) Revises the definition of "management official" to exclude an advisory or honorary director. Defines the "primary Federal supervisor" for purposes of such Act to mean the agencies authorized to issue rules and regulations under such Act (the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Federal Home Loan Bank Board, and the National Credit Union Administration). Authorizes the primary Federal supervisor to grant an exception to the prohibition against the dual service of management officials of depository institutions within a primary metropolitan statistical area. Specifies that such an exception may be made upon a finding that such dual service of a management official would not result in a substantial lessening of competition. Provides an exception to the prohibitions against dual service of management officials of depository institutions within a primary metropolitan statistical area and against dual service of management officials of $1,000,000,000 institutions with an unaffiliated $500,000,000 institution in cases of: (1) a company which has acquired a failed or failing insured institution pursuant to the emergency thrift acquisitions provisions of the National Housing Act; (2) a depository institution or depository holding company which has acquired a closed bank or a bank in danger of closing; and (3) any diversified savings and loan holding company with respect to the service of a director of a nonaffiliated depository institution or depository holding company as a director of the diversified savings and loan holding company if neither appropriate Federal supervisor disapproves. | 2024-02-06T19:38:08Z | |
| 100-hr-4045 | 100 | hr | 4045 | Financial Reform and Community Protection Act of 1988 | Finance and Financial Sector | 1988-03-01 | 1988-03-16 | Referred to Subcommittee on Telecommunications and Finance. | House | Del. Fauntroy, Walter E. [D-DC-At Large] | DC | D | F000046 | 1 | Financial Reform and Community Protection Act of 1988 - Title I: Securities Affiliates of Bank Holding Companies - Amends the Banking Act of 1933 to permit a member bank of the Federal Reserve System to be an affiliate of a certified securities affiliate or a bank service corporation which engages in activities permissible for a certified securities affiliate. Repeals the prohibition against an officer, director, or employee of a member bank from serving as an officer, director, or employee of an affiliated securities subsidiary. Amends the Bank Holding Company Act of 1956 to allow bank holding companies to acquire ownership or control of a certified securities affiliate provided such acquisition is approved by the Federal Reserve Board (Board) and other standards are met. Allows a certified securities affiliate to: (1) buy, sell, deal in, or underwrite asset-backed securities, municipal securities, and securities which a national bank may deal in or underwrite; and (2) buy, sell, underwrite, deal in, or distribute, as principal or agent, commercial paper issued by an entity. Defines a "certified securities affiliate" as any nonbank subsidiary of a bank holding company which: (1) is a broker or dealer under the Securities and Exchange Act of 1934; and (2) does not underwrite or deal in securities except to the extent allowed by this Act. Specifies factors to be considered by the Board prior to the approval of an application of a bank holding company to acquire a securities affiliate, including whether such acquisition can reasonably be expected to produce benefits to the public that outweigh possible adverse effects and whether the bank holding company possesses managerial resources to conduct the securities activities safely and soundly. Requires the Board to disapprove such an application if the proposed acquisition would result in the affiliation of a bank or bank holding company with total assets of more than $30,000,000,000 with an investment banking organization with total assets of more than $15,000,00… | 2025-08-28T20:06:59Z | |
| 100-s-2110 | 100 | s | 2110 | Fair Access to Check Cashing Act | Finance and Financial Sector | 1988-02-29 | 1988-05-18 | Subcommittee on Consumer Affairs. Hearings held. Hearings printed: S.Hrg. 100-743. | Senate | Sen. Metzenbaum, Howard M. [D-OH] | OH | D | M000678 | 0 | Fair Access to Check Cashing Act - Requires all depository institutions to cash Federal, State, and local government checks of consumers: (1) to whom such checks are issued; and (2) who are registered with such depository institutions according to regulations prescribed by the Federal Reserve Board. Requires such institutions to post notices describing such check cashing services. Sets forth provisions concerning the administrative enforcement of such regulations and civil liability for failure to comply with such regulations. | 2025-08-28T20:06:09Z | |
| 100-hr-4022 | 100 | hr | 4022 | Community Benefits Banking Act of 1988 | Finance and Financial Sector | 1988-02-25 | 1988-03-15 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. Kennedy, Joseph P., II [D-MA-8] | MA | D | K000110 | 1 | Community Benefits Banking Act of 1988 - Title I: Community Benefits Amendments - Community Benefits Amendments of 1988 - Amends the Bank Holding Company Act of 1956 and the National Housing Act to require that minimum community reinvestment standards be met by bank holding companies and savings and loan holding companies prior to any approval of such a holding company's application for the acquisition of: (1) out-of-State subsidiaries; or (2) interests in certain nonbanking organizations. Applies identical standards to the acquisition of a bank by a securities firm. Specifies such minimum standard as an imputed community reinvestment rating of two or better. Defines "imputed community investment rating" of a holding company as the community reinvestment rating assigned to the subsidiary of such holding company with the most unfavorable community reinvestment rating during the most recent examination of such subsidiary under the Community Reinvestment Act of 1977. Provides special rules for holding companies with five or more subsidiaries in one State and for subsidiaries with ratings assigned prior to the date of enactment of this Act. Specifies that the rating for a securities firm shall be the imputed community reinvestment rating assigned to the bank such firm is seeking to acquire. Allows conditional approvals in certain cases. Requires the disapproval of such an application if the applicant holding company or any subsidiary has established a pattern of: (1) acquiring or chartering federally-insured depository institutions or opening or closing deposit facilities in a manner that tends to exclude low- and moderate-income neighborhoods or equivalent areas; or (2) failing to provide reasonably priced and accessible deposit services to low- and moderate-income persons. Prohibits the approval of any application of a holding company to engage in securities activities or of a securities firm to acquire a bank unless the applicant enters into commitments assuring that the combination of banking and nonbanking … | 2025-08-28T20:05:33Z | |
| 100-hr-4026 | 100 | hr | 4026 | Consumer Banking Act of 1988 | Finance and Financial Sector | 1988-02-25 | 1988-03-15 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. Schumer, Charles E. [D-NY-10] | NY | D | S000148 | 1 | Consumer Banking Act of 1988 - Title I: Consumer Access to Depository Institutions - Consumer Access to Depository Institutions Act - Requires every depository institution to make available to consumers a basic consumer checking account. Sets forth minimum requirements of such an account, including: (1) initial deposit, balance, and withdrawal terms; (2) maximum fees for transactions, dishonored checks, or stopping payments; (3) the prohibition of fees for making deposits, maintaining the account, inactivity of the account, balance inquiries, or early closure of the account; and (4) the provision of monthly statements. Requires depository institutions to make products or services available to consumers with such a basic account on the same basis as such products or services are made available to other transaction account holders. Allows depository institutions to refuse to open any other transaction account for the holder of a basic consumer checking account and to assess the customary account-related fees if the monthly balance in a basic consumer checking account exceeds $750. Prohibits depository institutions from requiring that a consumer have another account or a credit card issued by the institution before opening a basic consumer checking account or imposing any other requirement that would tend to discriminate against low-income consumers. Requires all depository institutions to cash Federal, State, and local government checks of consumers: (1) to whom such checks are issued; and (2) who are registered with such institution according to regulations prescribed by the Federal Reserve Board. Sets forth requirements for such regulations. Requires depository institutions to post notices describing such basic consumer checking account and government check cashing services. Sets forth provisions for the administrative enforcement for requirements of this title. Sets forth civil penalties for violations of such requirements. Title II: Commercial Loan Disclosure - Home Mortgage Disclosure Amendments of 1… | 2025-08-28T20:07:11Z | |
| 100-hr-3970 | 100 | hr | 3970 | Depository Institution Regulatory Modernization Act of 1988 | Finance and Financial Sector | 1988-02-18 | 1988-03-01 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. Kleczka, Gerald D. [D-WI-4] | WI | D | K000259 | 0 | Depository Institution Regulatory Modernization Act of 1988 - Title I: Common Management of All Federal Deposit Insurance Funds Established - Federal Deposit Insurance Reform and Simplification Act - Amends the National Housing Act to transfer the management of the Federal Savings and Loan Insurance Corporation (FSLIC) from the Federal Home Loan Bank Board (FHLBB) to the Federal Deposit Insurance Corporation (FDIC). Makes such transfer effective January 1, 1989. Requires the FDIC and the FHLBB to consult with and cooperate with each other in carrying out their respective duties. Specifies that all functions and activities of the FSLIC concerning the regulation of savings and loan holding companies shall be transferred to the FHLBB. Amends the Federal Credit Union Act to transfer the management of the National Credit Union Share Insurance Fund (NCUSIF) from the National Credit Union Administration (NCUA) to the FDIC. Makes such transfer effective January 1, 1989. Requires the FDIC and the NCUA to consult with and cooperate with each other in carrying out their respective duties. Title II: Federal Deposit Insurance Funds Combined; Federal Deposit Insurance Act Amendments - Federal Deposit Insurance Merger Act - Subtitle A: Merger of Federal Deposit Insurance Funds - Redesignates the FDIC as the Federal Deposit and Savings Insurance Corporation (FDSIC), effective January 1, 1993. Designates the FDSIC as the insurer of deposits in all eligible depository institutions, including: (1) institutions insured by the FDIC as of December 31, 1992; (2) new national banks when chartered by the Comptroller of the Currency; (3) State banks which become members of the Federal Reserve System; (4) savings and loan associations insured by the FSLIC as of December 31, 1992; (5) new savings and loan associations when chartered by the FHLBB; (6) credit unions insured by the NCUSIF as of December 31, 1993; and (7) new credit unions when chartered by the NCUA. Specifies procedures for uninsured State depository institutions to a… | 2025-08-28T20:05:29Z | |
| 100-s-2073 | 100 | s | 2073 | Thrift Charter Enhancement Act of 1988 | Finance and Financial Sector | 1988-02-18 | 1988-08-11 | Placed on Senate Legislative Calendar under General Orders. Calendar No. 905. | Senate | Sen. Karnes, David K. [R-NE] | NE | R | K000011 | 2 | (Reported to Senate from the Committee on Banking, Housing, and Urban Affairs with amendment, S. Rept. 100-483) Thrift Charter Enhancement Act of 1988 - Amends the National Housing Act to increase the limit on the aggregate amount of transactions or service agreements allowed between federally insured thrift institutions and their affiliates without the prior approval of the Federal Savings and Loan Insurance Corporation (FSLIC) in cases of GAAP-qualified insured institutions. Increases such limit from the lesser of to the greater of $100,000 or 0.1 percent of the thrift institution's total assets, up to a maximum of $2,000,000 for transactions and $1,000,000 for service agreements. Defines a "GAAP-qualified insured institution" as an insured institution: (1) whose capital equals or exceeds the greater of five percent of total assets or the minimum capital level prescribed by the FSLIC; and (2) that is not affiliated with an insured institution whose capital is less than three percent of total assets. Exempts an institution from the three percent capital requirement if it: (1) is affiliated due to the acquisition of a failed or failing institution; (2) has capital of not less than zero; (3) has submitted a plan to the FSLIC for increasing capital to at least three percent within four years and the FSLIC has determined such plan to be feasible; and (4) is in compliance with such plan. Allows a savings and loan holding company to acquire up to five percent of the voting shares of an unaffiliated thrift institution or savings and loan holding company. (Present law prohibits the acquisition of any voting shares of an unaffiliated institution unless the holding company has, or is acquiring, control of such thrift institution.) Repeals requirements under the National Housing Act for prior FSLIC approval for interlocking directors of savings and loan holding companies (leaving the Depository Institution Management Interlocks Act of 1978 as the governing statute.) Allows a savings and loan holding company or any non… | 2025-01-14T18:20:21Z | |
| 100-hr-3929 | 100 | hr | 3929 | Depository Institutions Insider Abuse Prevention and Enhanced Powers Act of 1988 | Finance and Financial Sector | 1988-02-09 | 1988-02-16 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. Barnard, Doug, Jr. [D-GA-10] | GA | D | B000153 | 2 | Depository Institutions Insider Abuse Prevention and Enhanced Enforcement Powers Act of 1988 - Title I: Civil and Administrative Enforcement - Amends the Federal Deposit Insurance Act, the Home Owners' Loan Act of 1933, the National Housing Act, and the Federal Credit Union Act to make employees, agents, and shareholders of depository institutions subject to the administrative enforcement orders of the appropriate Federal regulatory agency. (Current law provides that only officers and directors of depository institutions are subject to such enforcement orders.) Revises the authority of the Federal Deposit Insurance Corporation (FDIC), the Federal Home Loan Bank Board (FHLBB), the Federal Savings and Loan Insurance Corporation (FSLIC), and the National Credit Union Administration (NCUA) to issue cease and desist orders concerning depository institutions within their respective jurisdictions. Allows such agencies to issue cease and desist orders to: (1) require affirmative action to correct conditions resulting from certain violations or practices, including making restitution or reimbursement, providing indemnification, rescinding contracts, or disposing of assets or loans; (2) limit the activities or functions of the depository institution or any director, officer, or other person participating in the conduct of the affairs of the institution; and (3) require the cessation of certain activities if the depository institution's books and records are incomplete or inaccurate or require the restoration of books and records to a complete and accurate state. Revises rules concerning the suspension or removal of a director or officer of a depository institution due to misconduct by the FDIC, the FHLBB, the FSLIC, and the NCUA. Deletes the requirement that the regulatory agency must show misconduct by an officer or director which results in "substantial" financial loss or other damage to the depository institution. (Allows the temporary removal of an officer or director for misconduct pending a permanent removal if ne… | 2025-08-28T20:09:10Z | |
| 100-hr-3930 | 100 | hr | 3930 | Comprehensive Bank Restructuring, Powers and Safety Act of 1988 | Finance and Financial Sector | 1988-02-09 | 1988-02-23 | Referred to Subcommittee on Commerce, Consumer Protection, and Competitiveness. | House | Rep. Schumer, Charles E. [D-NY-10] | NY | D | S000148 | 3 | Comprehensive Bank Restructuring, Powers and Safety Act of 1988 - Title I: Nonbanking Activities and Affiliations of Banks - Amends the National Bank Act to prohibit federally chartered national banks from engaging in any securities activities, other than financial advisory services, as a principal, broker, or agent. Defines "securities activities" to include: (1) the underwriting, distribution, dealing in, making markets in, private placement and public sale of any stock, debt obligations, or other securities, or the sale for the account of customers of any stock debt obligations, or other securities or securities-like products; (2) any other securities and securities-like activities, including the purchase or sale of futures contracts or options; (3) commodities transactions; and (4) any other activities determined by the Securities and Exchange Commission (SEC) as provided for in this Act. Specifies that a national bank may purchase securities for its own account only for the purpose of investment and not for the purpose of dealing in such securities. Revises securities investment restrictions. Amends the Banking Act of 1933 to prohibit banks presently authorized to have securities-related affiliations from continuing such affiliations one year after the date of enactment of this Act, except with respect to: (1) any organization which shall have been placed in formal liquidation; or (2) any securities affiliate whose shares may be owned by a bank holding company under provisions of the Bank Holding Company Act of 1956 (as amended by this Act). Prohibits any national bank, or any subsidiary of a national bank, from engaging in insurance activities, except for the extension of credit insurance to customers of such banks. Prohibits a national bank from engaging in real estate activities except to the extent permissible for a bank affiliate pursuant to the Bank Holding Company Act of 1956 (as amended by this Act) or from being affiliated with any company engaged in real estate activities. Allows specified except… | 2025-08-28T20:08:05Z | |
| 100-hr-3906 | 100 | hr | 3906 | Thrift Charter Enhancement Act of 1988 | Finance and Financial Sector | 1988-02-03 | 1988-02-16 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. Barnard, Doug, Jr. [D-GA-10] | GA | D | B000153 | 3 | Thrift Charter Enhancement Act of 1988 - Title I: Amendments Affecting Federally Chartered and De Novo Associations - Amends the Home Owners' Loan Act of 1933 to allow a federally chartered savings and loan association or savings bank to increase the aggregate amount of its commercial loans from ten percent of assets to 20 percent of assets if it has maintained reserves at a level equal to or greater than those required by the Federal Home Loan Bank Board (Board) in three of the preceding four calendar quarters. Increases the amount of the aggregate investment permissible by federally chartered savings and loan association in service corporations from three percent of assets to four percent of assets. Allows the investment of an additional one percent of assets primarily for community, inner city, or community development purposes. Increases the amount an association may invest in any small business investment company from one percent of assets to the greater of one percent of assets or five percent of capital and surplus. Deletes the requirement that such an investment must be for the purpose of aiding members of the Federal Home Loan Bank System. Amends the National Housing Act to provide that following the completion of the initial three years of insured operation substantially in accordance with all material requirements of the Federal Savings and Loan Insurance Corporation (FSLIC), a de novo or other newly insured institution shall cease to be subject to requirements based on its de novo or newly insured status and shall be subject to the laws, regulations, and policies governing insured institutions in the same manner as all other insured institutions. Title II: Amendments Affecting Regulation of Savings and Loan Holding Companies - Revises the definition of "subsidiary" for purposes of the National Housing Act to specify that for purposes of the restrictions on holding company activities the term "subsidiary" does not include a service corporation subsidiary of an insured institution or any subsidiary … | 2025-08-28T20:08:30Z | |
| 100-s-2017 | 100 | s | 2017 | Receivable-Related Securities Market Improvement Act of 1988 | Finance and Financial Sector | 1988-02-01 | 1988-02-01 | Read twice and referred to the Committee on Banking. | Senate | Sen. Shelby, Richard C. [D-AL] | AL | D | S000320 | 0 | Receivable-Related Securities Market Improvement Act of 1988 - Amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to include receivable-related securities as types of securities regulated by such Acts. Defines "receivable-related security." Exempts from the registration requirements of the Securities Act of 1933 transactions involving one or more receivable-related securities offered or sold if the terms of such sale require that: (1) the minimum aggregate sales price per purchaser be not less than $250,000; (2) payment of the sales price by the purchaser be made with cash within 120 days of the date of sale; and (3) each purchaser buy for his own account. Amends the Securities Exchange Act of 1934 to exempt from the restrictions concerning borrowing in the course of business and the extension of credit by members of exchanges, brokers, and dealers certain transactions involving receivable-related securities. Preempts State investment laws in order to allow Federal or State-regulated business entities to purchase certain receivable-related securities to the same extent as if they were securities issued or guaranteed by the Government, unless a State enacts a law within seven years after the enactment of this Act to prohibit or limit such purchases. Exempts receivable-related securities from State laws requiring the registration or qualification of securities to the same extent as Federal Government securities. Allows States to enact laws within seven years after enactment of this Act to require registration or qualification of any such security on terms that differ from those applicable to Federal Government securities. Requires the Federal Reserve Board, pursuant to its authority to impose reserve requirements on deposits, to provide an exception from the definition of deposit for obligations arising from the sales with recourse of pools of receivables where the recourse is limited to no more than a ten percent interest in the pool. Requires the Securities and Exchange Commission to prov… | 2025-08-28T20:06:44Z | |
| 100-hr-3845 | 100 | hr | 3845 | A bill to amend the municipal bankruptcy law to provide for special revenue bonds and for other purposes. | Finance and Financial Sector | 1988-01-25 | 1988-09-23 | Clean Bill H.R.5347 Forwarded by Subcommittee to Full Committee in Lieu. | House | Rep. Edwards, Don [D-CA-10] | CA | D | E000064 | 20 | Amends Federal bankruptcy provisions relating to the adjustment of debts of a municipality to revise rules relating to the treatment of special revenue bonds. Treats as an administrative expense any claim against a debtor municipality if the debtor provides adequate protection of the interest of the holder of a claim secured by a lien on property of the debtor and if the creditor has a claim from a stay of action against such property. Specifies that the filing of a bankruptcy petition does not operate as a stay of application of pledged special revenues to payment of indebtedness secured by such revenues. Provides that the holder of a claim payable solely from special revenues of a debtor municipality under applicable nonbankruptcy law shall not be treated as having recourse against the debtor as an unsecured creditor. Specifies that the transfer of property of the debtor to or for the benefit of any holder of a bond or note, on account of such bond or note, may not be avoided. Provides that special revenues acquired by the debtor after the commencement of the case shall remain subject to any lien resulting from any security agreement entered into by the debtor before the commencement of the case. Specifies that any such lien on special revenues derived from a project or system shall be subject to the necessary operating expenses of such project or system. Specifies that a lease to a municipality shall not be treated as an executory contract or unexpired lease by reason of its being subject to termination in the event the debtor fails to appropriate rent. | 2021-06-10T21:13:20Z | |
| 100-hr-3837 | 100 | hr | 3837 | Financial Services Competitive Enhancement Act | Finance and Financial Sector | 1987-12-22 | 1988-01-21 | Referred to Subcommittee on Telecommunications and Finance. | House | Rep. Ridge, Thomas J. [R-PA-21] | PA | R | R000243 | 1 | Financial Services Competitive Enhancement Act - Amends the Bank Holding Company Act of 1956 to allow bank holding companies to own shares of certain "qualified securities affiliates." Defines a "qualified securities affiliate" to mean any company which: (1) is a broker or dealer under the Securities Exchange Act of 1934; and (2) engages only in activities permitted by this Act. Allows any qualified securities affiliate to: (1) buy, sell, deal in, or underwrite asset-backed securities, municipal securities, and securities in which a national bank may deal or underwrite; (2) buy, sell, underwrite, deal in, or distribute commercial paper and long-term corporate debt; and (3) organize, sponsor, operate, or control any investment company. Directs the Board of Governors of the Federal Reserve System to disapprove the acquisition of a qualified securities affiliate by a bank holding company if the acquisition would result in the affiliation of a large bank or bank holding company (one having assets of more than $30,000,000,000) with a large investment banking organization (one having assets of more than $15,000,000,000). Establishes criteria for bank holding company funding of qualified securities affiliates. Establishes capital adequacy criteria to be used by the Board in determining whether a bank holding company meets acquisition guidelines. Establishes restrictions on inter-affiliate transactions, including prohibiting a bank or insured institution from: (1) extending credit to a securities affiliate; and (2) purchasing the assets of a securities affiliate. Amends the Bank Service Corporation Act to allow bank service corporations to engage in any securities activity in which a qualified securities affiliate may engage. Establishes restrictions on inter-affiliate transactions. Amends the Banking Act of 1933 to allow member banks (banks which are members of a Federal Reserve bank) to become affiliates of: (1) a qualified securities affiliate: or (2) a bank service corporation. Permits member banks having asse… | 2025-08-28T20:06:06Z | |
| 100-s-1974 | 100 | s | 1974 | Enhanced Enforcement Powers Act of 1987 | Finance and Financial Sector | 1987-12-19 | 1987-12-19 | Read twice and referred to the Committee on Banking. | Senate | Sen. Proxmire, William [D-WI] | WI | D | P000553 | 1 | Enhanced Enforcement Powers Act of 1987 - Title I: Regulation of Banks - Amends the Federal Deposit Insurance Act to list the types of remedial relief that an appropriate Federal banking agency may require in a cease and desist order. Allows a Federal banking agency to issue a temporary cease and desist order where an insured bank's books and records are so incomplete or inaccurate that the agency is unable to determine the financial condition of the bank or the details or purposes of any transactions. Makes technical amendments with respect to a Federal agency's authority to remove or suspend any "institution-related party." States that the resignation or termination of an individual shall not affect the jurisdiction or authority of a Federal banking agency to take enforcement actions. Expands a Federal banking agency's authority to assess penalties to include violations of conditions imposed in writing by such agency in connection with the granting of any application or other request. Permits any individual who is the subject of a suspension, removal, or prohibition order under such Act to, with agency approval, reenter the industry. States that the authority granted to Federal banking agencies under such Act shall be in addition to, and not restricted by, any other authority provided by law. Increases the civil penalty for permitting certain convicted individuals to work at an insured bank. Subjects the individual, as well as the bank, to such penalty. Deletes the provision requiring that those assessed a civil money penalty under the Change in Bank Control Act of 1978 be afforded the right to a de novo trial in U.S. district court. States that such persons are entitled to an agency hearing and administrative review. Amends the Bank Protection Act of 1968 to eliminate a specified reporting requirement regarding the installation, maintenance, and operation of security devices and procedures. Modifies the civil money penalty assessment powers of Federal agencies with respect to inaccurate Call Reports and ban… | 2025-08-28T20:08:37Z | |
| 100-s-1982 | 100 | s | 1982 | Dwight David Eisenhower Commemorative Coin Act of 1987 | Finance and Financial Sector | 1987-12-19 | 1987-12-19 | Read twice and referred to the Committee on Banking. | Senate | Sen. Heinz, John [R-PA] | PA | R | H000456 | 0 | Dwight David Eisenhower Commemorative Coin Act of 1987 - Directs the Secretary of the Treasury to mint and issue not more than a specified number of one dollar silver coins in commemoration of the 100th anniversary of the birth of Dwight David Eisenhower. Sets forth certain features of such coins and provides for their design, issuance, and sale. Terminates the minting of the coins after December 31, 1990. Requires the Secretary to deposit in the Treasury all surcharges received from the sale of the coins, to be used to reduce the national debt. | 2025-08-28T20:07:24Z | |
| 100-hr-3799 | 100 | hr | 3799 | Depository Institution Affiliation Act | Finance and Financial Sector | 1987-12-18 | 1988-01-21 | Referred to Subcommittee on Telecommunications and Finance. | House | Rep. Barnard, Doug, Jr. [D-GA-10] | GA | D | B000153 | 3 | Depository Institution Affiliation Act - Title I: Creation and Control of Depository Instituion Holding Companies - Sets forth the terms and conditions under which a depository institution holding company (DIHC) can be established and must be operated. Requires any DIHC seeking to acquire control of an insured bank, an insured institution, a bank holding company, a savings and loan holding company, or a depository institution holding company to comply with the requirements of the Change in Bank Control Act or the Change in Savings and Loan Control Act, as applicable. Establishes penalties and additional procedures for failing to comply with such requirements. Permits the appropriate Federal regulatory agency the (Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Board of Directors of the Federal Deposit Insurance Corporation, or the Federal Home Loan Bank Board) to adopt rules and regulations to prevent an insured bank or institution that is controlled by a DIHC from engaging in unsafe or unsound practices. Subjects DIHCs to the same restrictions on affiliate transactions that are imposed upon member banks (banks which are members of a Federal Reserve bank) under the Federal Reserve Act. Establishes additional restrictions on inter-affiliate transactions, including prohibiting an insured bank or institution that is an affiliate of a DIHC from: (1) extending credit to a securities affiliate or subsidiary; and (2) purchasing the assets of a securities affiliate or subisdiary. Provides certain exceptions from such restrictions. Requires any DIHC which is in control of an insured bank or institution found to be undercapitalized to: (1) enter into an agreement with the appropriate Federal regulatory agency to return the bank or institution to compliance with the applicable minimum required capital; (2) divest control of such bank or institution; or (3) be subject to civil penalty. States that Federal regulatory agencies may not impose requirements pertaining to the capitaliza… | 2025-08-28T20:07:50Z | |
| 100-hr-3800 | 100 | hr | 3800 | Financial Modernization Act of 1987 | Finance and Financial Sector | 1987-12-18 | 1988-01-21 | Referred to Subcommittee on Telecommunications and Finance. | House | Rep. Neal, Stephen L. [D-NC-5] | NC | D | N000016 | 18 | Financial Modernization Act of 1987 - Title I: Securities Affiliates of Bank Holding Companies - Amends the Banking Act of 1933 to repeal specified provisions of such Act which: (1) bar member banks from affiliating with securities firms; and (2) prohibit member banks from employing officers, directors, or employees who are also employed by a firm primarily engaged in securities underwriting. Amends the Bank Holding Company Act of 1956 to allow bank holding companies to own shares of securities affiliates which engage in: (1) underwriting, distributing, or dealing in securities of any type; (2) securities brokerage, investment advisory, or other accepted securities activities; and (3) other activities permitted by the Board of Governors of the Federal Reserve System. Establishes criteria for Board approval of such acquisitions. Prohibits mergers between certain large banks or bank holding companies (those having assets of more than $30,000,000,000) and investment banking organizations (those having assets of more than $15,000,000,000). Establishes criteria (including a notice requirement) for bank holding company funding of securities affiliates. Establishes capital adequacy criteria to be used by the Board in determining whether a bank holding company meets the acquisition guidelines. Establishes restrictions on inter-affiliate transactions, including prohibiting a member bank from: (1) extending credit to the securities affiliate; or (2) purchasing the assets of the securities affiliate. Requires each appropriate Federal banking agency to establish a program for: (1) enforcing compliance with the requirements of this Act; and (2) responding to consumer complaints. Provides that bank holding companies having a securities affiliate that accounts for at least 80 percent of the company's revenues and assets shall not be subject to the inspection, examination, or reporting requirements of the Board. States that acquisition applications which are not acted upon by the Board within 91 days shall be deemed to be … | 2025-08-28T20:07:24Z | |
| 100-s-1905 | 100 | s | 1905 | Depository Institution Affiliation Act | Finance and Financial Sector | 1987-12-01 | 1987-12-10 | Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 100-426. | Senate | Sen. D'Amato, Alfonse [R-NY] | NY | R | D000018 | 1 | Depository Institution Affiliation Act - Title I: Creation and Control of Depository Institution Holding Companies - Sets forth the terms and conditions under which a depository institution holding company (DIHC) can be established and must be operated. Requires any DIHC seeking to acquire control of an insured bank, an insured institution, a bank holding company, a savings and loan holding company, or a depository institution holding company to comply with the requirements of the Change in Bank Control Act or the Change in Savings and Loan Control Act, as applicable. Establishes penalties and additional procedures for failing to comply with such requirements. Permits the appropriate Federal regulatory agency (the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Board of Directors of the Federal Deposit Insurance Corporation, or the Federal Home Loan Bank Board) to adopt rules and regulations to prevent an insured bank or institution that is controlled by a DIHC from engaging in unsafe or unsound practices. Subjects DIHCs to the same restrictions on affiliate transactions that are imposed upon member banks (banks which are members of a Federal Reserve bank) under the Federal Reserve Act. Establishes additional restrictions on inter-affiliate transactions, including prohibiting an insured bank or institution that is an affiliate of a DIHC from: (1) extending credit to a securities affiliate or subsidiary; (2) purchasing the assets of a securities affiliate or subsidiary; or (3) extending credit to an issuer of securities underwritten by a securities affiliate for the purpose of paying the principal of those securities or interest for dividends on those securities. Provides exceptions from such restrictions. Permits the appropriate Federal regulatory agency for insured banks or institutions that are controlled by DIHCs to require such banks and institutions to maintain additional capital in an amount of up to three percent of their total assets. Requires any DIHC which is in… | 2025-08-28T20:05:55Z | |
| 100-hr-3670 | 100 | hr | 3670 | Consumer Banking Act of 1987 | Finance and Financial Sector | 1987-11-20 | 1987-12-01 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. Dreier, David [R-CA-33] | CA | R | D000492 | 0 | Consumer Banking Act of 1987 - Amends the Bank Holding Company Act of 1956 to allow the establishment of depository institutions to be known as consumer banks. Requires a consumer bank: (1) not to engage in the business of making commercial loans; (2) to pay dividends to its shareholders only to the extent permitted for a national bank; (3) to engage in covered transactions with affiliates only to the extent permitted by the Federal Reserve Act; (4) to maintain investments of at least 65 percent of its total assets during two of every three consecutive years in loans or extensions of credit to natural persons secured by a one to four family residence or for personal, family, or household purposes, loans and extensions of credit for charitable purposes, loans or extensions of credit to individuals through the use of credit cards or similar means, and the purchase of, or investment in, retail installment sales contracts, consumer loans, and accounts receivable; (5) to make available in the State in which such bank is chartered an aggregate amount of loans equal to 65 percent of the deposits received from residents of that State; (6) to disclose that certain actions are taken on behalf of an affiliate and that the customer is not obligated to purchase any product or use any service of the bank or affiliate in order to obtain any other financial service; and (7) not to sell or offer any product or service other than products or services which may be sold or offered by a national bank. Authorizes the Federal Reserve Board to enforce compliance with consumer bank requirements and to regulate companies which control consumer banks and non-bank affiliates of such banks. Makes applicable to consumer banks the anti-tying provisions of the Bank Holding Company Act and specified provisions of the Community Reinvestment Act of 1977. Amends the Federal Reserve Act to exclude from the restrictions on transactions by a member bank with affiliates an extension of credit to a holder of a credit card to finance the purchase of goo… | 2025-08-28T20:07:10Z | |
| 100-s-1886 | 100 | s | 1886 | Proxmire Financial Modernization Act of 1988 | Finance and Financial Sector | 1987-11-20 | 1988-05-12 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | Senate | Sen. Proxmire, William [D-WI] | WI | D | P000553 | 1 | (Measure passed Senate, amended, roll call #82 (94-2)) Proxmire Financial Modernization Act of 1988 - Title I: Securities Affiliates of Bank Holding Companies - Amends the Banking Act of 1933 ("Glass-Steagall Act") to repeal specified provisons of such Act which: (1) prohibit a bank that is a member of the Federal Reserve System (member bank) from affiliating with a securities firm; and (2) prohibit member banks from employing officers, directors, or employees who are also employed by a firm primarily engaged in securities activities. Amends the Bank Holding Company Act of 1956 to allow bank holding companies to own shares of securities affiliates which engage in: (1) underwriting, distributing, or dealing in securities of any type; (2) securities brokerage, investment advisory, or other accepted securities activities; and (3) other activities permitted by the Board of Governors of the Federal Reserve System. Establishes criteria for Board approval of such acquisitions. Prohibits mergers between certain large banks or bank holding companies (those having assets of more than $30,000,000,000) and large securities firms (those having assets of more than $15,000,000,000). Establishes criteria (including a notice requirement) for bank holding company investment in securities affiliates. Establishes capital standards to be used by the Board in determining whether a bank holding company meets the acquisition guidelines. Restricts transactions between banks or insured institutions and securities affiliates, including: (1) extensions of credit directly or indirectly benefiting such affiliates; and (2) interlocking directorates. Requires each securities affiliate to prominently disclose to its customers that: (1) the securities affiliate is not a bank or a federally-insured institution and is separate from any affiliated bank or insured institution; and (2) the securities offered or sold are not deposits and are not insured by the Federal Deposit Insurance Corporation (FDIC) or the Federal Savings and Loan Corporatio… | 2025-01-14T18:20:21Z | |
| 100-s-1891 | 100 | s | 1891 | Financial Services Oversight Act | Finance and Financial Sector | 1987-11-20 | 1987-12-10 | Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 100-426. | Senate | Sen. Wirth, Timothy [D-CO] | CO | D | W000647 | 1 | Financial Services Oversight Act - Title I: Financial Services Oversight Commission - Establishes the Financial Services Oversight Commission as an independent Federal agency. Sets forth the powers and duties of the Commission, which include: (1) promulgating regulations defining the types of activities in which bank holding companies, financial holding companies, and commercial holding companies may engage; (2) enforcing compliance with such regulations; (3) establishing minimum standards of capital adequacy for financial holding companies and their affiliates; and (4) promulgating regulations to assure that transactions between financial services subsidiaries of holding companies are conducted in a manner consistent with the purposes of this Act. Directs the Commission to establish an advisory committee. States that bank holding companies and financial holding companies may not control any commercial company or engage in any commercial activity. States that commercial holding companies may not control a bank or financial company which holds or offers transaction accounts. Directs the Commission to establish transition rules for the divestiture or other cessation of investments or activities made or engaged in prior to the date of enactment of this Act. Grants the Commission authority to issue rules and regulations to carry out the purposes of this Act. Directs the Commission to monitor the activities of bank, financial, and commercial holding companies to insure compliance with this Act and the rules and regulations promulgated hereunder. Allows the Commission to require reports to insure that the purposes of this Act are accomplished. Directs the Commission to refer violations of laws, rules, or regulations to the agency having primary regulatory responsibility. Describes the enforcement action to be taken by such agency. Title II: Amendments to Banking and Securities Laws - Amends the Bank Holding Company Act of 1956 to terminate (effective January 1, 1998) the grandfather status of nonbank bank holdin… | 2025-08-28T20:05:12Z | |
| 100-hr-3654 | 100 | hr | 3654 | Dwight David Eisenhower Commemorative Coin Act of 1988 | Finance and Financial Sector | 1987-11-18 | 1988-09-16 | Other Measure S.2789 Passed House in Lieu. | House | Rep. Goodling, William F. [R-PA-19] | PA | R | G000291 | 251 | (Measure passed House, amended) Dwight David Eisenhower Commemorative Coin Act of 1988 - Directs the Secretary of the Treasury to mint and issue not more than a specified number of one-dollar silver coins in commemoration of the 100th anniversary of the birth of Dwight David Eisenhower. Sets forth certain features of such coins and provides for their design, issuance, and sale. Terminates the minting of the coins after December 31, 1990. Requires the Secretary to deposit in the Treasury all surcharges received from the sale of the coins, to be used to reduce the national debt. | 2024-02-06T19:38:08Z | |
| 100-s-1863 | 100 | s | 1863 | A bill to amend the bankruptcy law to provide for special revenue bonds, and for other purposes. | Finance and Financial Sector | 1987-11-12 | 1988-11-03 | Became Public Law No: 100-597. | Senate | Sen. DeConcini, Dennis [D-AZ] | AZ | D | D000185 | 2 | (Measure passed House, amended) Amends Federal bankruptcy provisions relating to the adjustment of debts of a municipality to revise rules relating to the treatment of special revenue bonds. Treats as an administrative expense any claim against a debtor municipality if the debtor provides adequate protection of the interest of the holder of a claim secured by a lien on property of the debtor and if the creditor has a claim from a stay of action against such property. Specifies that the filing of a bankruptcy petition does not operate as a stay of application of pledged special revenues to payment of indebtedness secured by such revenues. Specifies that the transfer of property of the debtor to or for the benefit of any holder of a bond or note, on account of such bond or note, may not be avoided. Provides that the holder of a claim payable solely from special revenues of a debtor municipality under applicable nonbankruptcy law shall not be treated as having recourse against the debtor as an unsecured creditor. Provides that special revenues acquired by the debtor after the commencement of the case shall remain subject to any lien resulting from any security agreement entered into by the debtor before the commencement of the case. Specifies that any such lien on special revenues derived from a project or system shall be subject to the necessary operating expenses of such project or system. Specifies that a lease to a municipality shall not be treated as an executory contract or unexpired lease by reason of its being subject to termination in the event the debtor fails to appropriate rent. | 2025-07-21T19:32:26Z | |
| 100-hr-3618 | 100 | hr | 3618 | Shareholders Rights Act of 1987 | Finance and Financial Sector | 1987-11-09 | 1987-11-30 | Referred to Subcommittee on Telecommunications and Finance. | House | Rep. Dornan, Robert K. [R-CA-38] | CA | R | D000435 | 0 | Shareholders Rights Act of 1987 - Amends the Securities Exchange Act of 1934 to repeal provisions concerning: (1) required reports by persons acquiring more than five percent of an issuer's securities; (2) the prohibition against purchases of securities in violation of regulations concerning fraudulent or manipulative practices; (3) required reports by institutional investment managers; and (4) required statements of equity security ownership by an owner of more than five percent of an issuer's securities. Repeals provisions concerning: (1) tender offers by an owner of more than five percent of a class of securities of an issuer; (2) the prohibition against false statements of material fact or omissions of act with respect to a tender offer; and (3) the prohibition against the election or designation of a majority of directors of an issuer by the owner of more than five percent of a class of securities at other than a meeting of security holders. Specifies that the repeal of such provisions shall not relieve any person from liability for failure to comply with such provisions at any time prior to the effective date of this Act. | 2025-08-28T20:06:31Z | |
| 100-s-1847 | 100 | s | 1847 | A bill to amend the Federal Reserve Act. | Finance and Financial Sector | 1987-11-04 | 1987-11-04 | Read twice and referred to the Committee on Banking. | Senate | Sen. Heinz, John [R-PA] | PA | R | H000456 | 0 | Amends the Federal Reserve Act to direct the Federal Reserve Board to prescribe regulations concerning margin requirements for transactions in financial instruments. Limits the scope of such regulations to: (1) the regulation of the terms, conditions, and amounts of credit which may be extended for the purpose of acquiring a financial instrument or meeting any minimum deposit required in connection with a futures contract involving a financial instrument; and (2) a requirement for the furnishing and maintenance of a minimum deposit in connection with the purchase or sale of a futures contract involving a financial instrument. | 2025-01-14T18:20:21Z | |
| 100-hconres-210 | 100 | hconres | 210 | A concurrent resolution expressing the sense of the Congress that monetary policy should stabilize the domestic economy, not exchange rates. | Finance and Financial Sector | 1987-11-03 | 1987-11-03 | Referred to Subcommittee on Domestic Monetary Policy. | House | Rep. Neal, Stephen L. [D-NC-5] | NC | D | N000016 | 0 | Urges the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to: (1) conduct monetary policy independently of any international agreements or understandings reached by the Department of the Treasury; (2) refrain from conducting monetary policy primarily for the purpose of maintaining exchange rates for the dollar at any particular level or within any particular range; (3) devote monetary policy to the stabilization of the domestic economy along a path of steady, sustainable, and noninflationary growth, even if such stabilization entails significant changes in exchange rates; and (4) take into account the behavior of the dollar on the foreign exchange market in their deliberations, but only as one of many factors affecting the domestic economy. | 2024-02-06T19:38:08Z | |
| 100-hr-3597 | 100 | hr | 3597 | Securities Futures Market Credit Protection Act | Finance and Financial Sector | 1987-11-03 | 1988-05-25 | Subcommittee Hearings Held. | House | Rep. Leach, James A. [R-IA-1] | IA | R | L000169 | 0 | Securities Futures Market Credit Protection Act - Amends the Commodity Exchange Act to require the Federal Reserve Board to prescribe regulations for the minimum amount of margin which may be required to purchase or carry any contract, or any option on a contract, of the sale for future delivery of: (1) any group or index of securities; (2) any interest in any group or index of securities; or (3) any interest based on the value of any group or index of securities. Sets forth guidelines for such regulations. Makes unlawful the violation of any such regulations prescribed by the Federal Reserve Board. Makes unlawful the obtaining of a loan or other extension of credit in violation of such regulations. Sets forth enforcement provisions. Requires the Federal Reserve Board to report to specified committees of the Congress concerning such regulations. Specifies that any such regulations shall apply prospectively and shall not apply to contracts or options which were entered into before the effective date of such regulations. | 2025-08-28T20:07:10Z | |
| 100-hres-301 | 100 | hres | 301 | A resolution expressing the sense of the House of Representatives that monetary policy should stabilize the domestic economy, not exchange rates. | Finance and Financial Sector | 1987-11-03 | 1987-11-03 | Referred to Subcommittee on Domestic Monetary Policy. | House | Rep. Neal, Stephen L. [D-NC-5] | NC | D | N000016 | 0 | Urges the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to: (1) conduct monetary policy independently of any international agreements or understandings reached by the Department of the Treasury; (2) refrain from conducting monetary policy primarily for the purpose of maintaining exchange rates for the dollar at any particular level or within any particular range; (3) devote monetary policy to the stabilization of the domestic economy along a path of steady, sustainable and noninflationary growth, even if such stabilization entails significant changes in exchange rates; and (4) take into account the behavior of the dollar on the foreign exchange market in their deliberations, but only as one of many factors affecting the domestic economy. | 2024-02-06T19:38:08Z | |
| 100-s-1783 | 100 | s | 1783 | A bill to extend certain protections under title 11 of the United States Code, the Bankruptcy Code. | Finance and Financial Sector | 1987-10-09 | 1987-10-19 | Referred to Subcommittee on Monopolies and Commercial Law. | Senate | Sen. Metzenbaum, Howard M. [D-OH] | OH | D | M000678 | 9 | (Measure passed Senate, amended) Extends until November 15, 1987, the authority of a bankruptcy trustee to pay benefits to retired former employees under a plan, fund, or program maintained or established by the debtor (through the purchase of insurance or otherwise) for the purpose of providing medical, surgical, or hospital care benefits, or benefits in the event of sickness, accident, disability, or death. | 2021-08-14T20:11:12Z | |
| 100-s-1776 | 100 | s | 1776 | A bill to modernize United States circulating coin designs, of which one reverse will have a theme of the Bicentennial of the Constitution. | Finance and Financial Sector | 1987-10-08 | 1988-10-01 | Referred to Subcommittee on Consumer Affairs and Coinage. | Senate | Sen. Armstrong, William L. [R-CO] | CO | R | A000219 | 67 | (Measure passed Senate, amended) Requires U.S. coins to be redesigned, at the discretion of the Secretary of the Treasury, over the next six years. Requires the reverse side of the first coin redesigned to commemorate the bicentennial of the U.S. Constitution for a two-year period. Provides that the design on the obverse side of U.S. coins shall contain the likenesses of those displayed on current coins and shall be considered for redesign. Requires any such obverse redesigns to conform to the inscription requirements of current law. Requires the Secretary, in selecting new designs, to consider specified constitutional concepts. Requires the designs be selected by the Secretary upon consultation with the United States Commission of Fine Arts. Requires that any profits from the sale of uncirculated and proof sets of U.S. coins be deposited in the Treasury and used solely to reduce the national debt. | 2025-01-14T18:20:21Z | |
| 100-hr-3401 | 100 | hr | 3401 | Domestic Industry Safeguard Act | Finance and Financial Sector | 1987-10-01 | 1987-10-26 | Referred to Subcommittee on Telecommunications and Finance. | House | Rep. Gunderson, Steve [R-WI-3] | WI | R | G000524 | 0 | Domestic Industry Safeguard Act - Amends the Securities Exchange Act of 1934 to establish additional reporting requirements for foreign investors. Requires such investors to file statements: (1) specifying whether they intend to sell or close any facility, or terminate or alter any operation, during the two-year period following completion of the acquisition; (2) estimating the number of jobs that are likely to be lost during that two-year period; (3) specifying their aggregate amount of liabilities and equity (before and after such acquisition); and (4) describing the manner in which such assets will be treated and used. Subjects any person who makes false or misleading statements to civil liability. Prohibits such foreign investors from selling, leasing, or disposing of (with certain exceptions) any assets of an issuer during the two years following acquisition. Sets forth additional restrictions with respect to tender offers for securities made or consummated by or for a foreign investor. Directs the Securities and Exchange Commission to conduct a study to: (1) determine the amount of foreign investment in the United States; (2) gather information on corporate takeovers of U.S. companies by foreign investors; and (3) analyze the need for additional Federal regulations to protect local jobs and regional economies from adverse consequences of such foreign investment and takeovers. Directs the Commission to submit the results of such study to the Congress. Directs the Secretary of the Treasury to conduct a study of the loss of revenues occurring as a result of the deductibility of debt services expenses incurred by a foreign acquirer in the course of conducting a hostile takeover of a U.S. company. Directs the Secretary to submit the results of such study to the Congress. | 2025-08-28T20:06:48Z | |
| 100-s-1742 | 100 | s | 1742 | United States Coinage Reform Act of 1987 | Finance and Financial Sector | 1987-10-01 | 1987-10-01 | Read twice and referred to the Committee on Banking. | Senate | Sen. Domenici, Pete V. [R-NM] | NM | R | D000407 | 15 | United States Coinage Reform Act of 1987 - Requires that one dollar coins be gold colored, be at least 90 percent copper, and be fabricated in the United States from natural deposits located in the United States. Redesigns the obverse side of the dollar coin to symbolize the 500th anniversary of the discovery of the New World by Christopher Columbus. Requires the Secretary of the Treasury to place such coins into circulation within 18 months. Directs the Secretary to conduct a study and report to the Congress on the advisability of phasing out production of the one-cent and 50-cent coins and of rounding cash sales to the nearest five cents. | 2025-08-28T20:05:17Z | |
| 100-hr-3348 | 100 | hr | 3348 | United States Coinage Reform Act of 1987 | Finance and Financial Sector | 1987-09-29 | 1987-10-15 | Referred to Subcommittee on Consumer Affairs and Coinage. | House | Rep. Kolbe, Jim [R-AZ-5] | AZ | R | K000306 | 48 | United States Coinage Reform Act of 1987 - Requires that one dollar coins be gold colored, be at least 90% copper, and be fabricated in the United States from natural deposits located in the United States. Redesigns the obverse side of the dollar coin to symbolize the 500th anniversary of the discovery of the New World by Christopher Columbus. Requires the Secretary of the Treasury to place such coins into circulation within 18 months and to cease production of one dollar notes within 18 months after the first of such coins are placed in circulation. Directs the Secretary to conduct a study and report to the Congress on the advisability of phasing out production of the one-cent and 50-cent coins and of rounding cash sales to the nearest five cents. | 2025-08-28T20:05:30Z | |
| 100-hr-3360 | 100 | hr | 3360 | Financial Services Holding Company Act of 1988 | Finance and Financial Sector | 1987-09-29 | 1987-10-15 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. Dreier, David [R-CA-33] | CA | R | D000492 | 1 | Financial Services Holding Company Act of 1988 - Defines a certified financial services holding company (CFSHC) as any company that: (1) has been certified in accordance with the provisions of this Act; (2) owns a bank holding company; (3) engages, through subsidiaries that are separate from its bank holding subsidiaries, in specified "financially-related" activities; (4) does not engage in activities other than managing, controlling, or providing services to its subsidiary bank holding companies or its subsidiaries engaged in "financially-related" activities; (5) insulates its banks in accordance with the provisions of the Federal Reserve Act; and (6) is not controlled by another company (unless that company is primarily engaged in financial services outside of the United States or engaged solely in managing, controlling, or providing services for a certified financial holding company within the United States). Establishes procedures for the certification of financial services holding companies. Requires any company seeking such certification to submit a notice to the Federal Reserve Board. States that certification shall become effective within 30 days following the receipt of the notice by the Board, unless: (1) certification is denied; or (2) the approval period is extended an additional 30 days. States that certification may be denied if the company: (1) engages in activities which are not "financially-related"; or (2) is controlled by another company (with specified exceptions). Requires any CFSHC seeking to establish or acquire an additional bank holding company to follow specified procedures of the Bank Holding Company Act of 1956 and the National Housing Act. Allows the Board to disapprove a proposal for such acquisition if the proposed acquisition or new activity would cause the CFSHC to fail to meet the activity limitations of this Act. Allows the Board to establish: (1) periodic reporting requirements; and (2) penalties for violations of this Act. Establishes procedures for the judicial review… | 2025-08-28T20:06:47Z | |
| 100-hr-3314 | 100 | hr | 3314 | A bill to modernize United States circulating coin designs, of which one reverse will have a theme of the Bicentennial of the Constitution. | Finance and Financial Sector | 1987-09-21 | 1988-09-14 | Subcommittee Hearings Held. | House | Rep. Rangel, Charles B. [D-NY-16] | NY | D | R000053 | 197 | Requires U.S. coins to be redesigned, at the discretion of the Secretary of the Treasury, over the next six years. Requires the reverse side of the first coin redesigned to commemorate the bicentennial of the U.S. Constitution for a two-year period. Requires that any profits from the sale of uncirculated and proof sets of U.S. coins be deposited in the Treasury and used solely to reduce the national debt. | 2024-02-06T19:38:08Z | |
| 100-s-1698 | 100 | s | 1698 | A bill to amend section 547 of title 11, United States Code, to provide that certain withdrawal transactions made by depositors from certain financial institutions not be avoided as preferential transfers. | Finance and Financial Sector | 1987-09-17 | 1987-10-20 | Referred to Subcommittee on Courts and Administrative Practice. | Senate | Sen. Gore, Albert, Jr. [D-TN] | TN | D | G000321 | 3 | Prohibits bankruptcy trustees from avoiding as preferential transfers certain withdrawal transactions made by depositors or investors from accounts with certain financial institutions whose usual courses of business include the acceptance and repayment of such accounts or similar evidences of indebtedness. Applies such prohibition to bankruptcy cases filed on or after March 9, 1983, and to proceedings arising out of, or in or related to such cases. | 2025-07-21T19:32:26Z | |
| 100-hr-3251 | 100 | hr | 3251 | Bicentennial of the United States Congress Commemorative Coin Act | Finance and Financial Sector | 1987-09-10 | 1988-08-01 | Became Public Law No: 100-378. | House | Rep. Fascell, Dante B. [D-FL-19] | FL | D | F000041 | 1 | (Senate receded and concurred in certain House amendment with amendment) Bicentennial of the United States Congress Commemorative Coin Act - Directs the Secretary of the Treasury to mint and issue not more than a specified number of five dollar gold coins, one dollar silver coins, and half dollar clad coins emblematic of the bicentennial of the U.S. Congress. Sets forth certain features of such coins and provides for their design, issuance, and sale. Terminates the minting of such coins after June 30, 1990. Requires the Secretary to deposit in the Treasury all surcharges received from the sale of such coins, to be used to reduce the national debt. Declares that no law governing procurement or public contracts is applicable to the procurement of goods and services for carrying out this Act, except that this provision does not relieve any person from complying with any law relating to equal employment opportunity. Extends for one year, until August 10, 1989, the moratorium on voluntary termination of Federal Savings and Loan Insurance Corporation insured status. Repeals all provisions of this Act, except for those relating to the extension of the moratorium on termination of FSLIC insured status, on the day after the date of enactment of this Act. Declares that no person shall be liable for not complying with the repealed provisions while they are in effect. | 2025-01-14T18:20:21Z | |
| 100-hr-3209 | 100 | hr | 3209 | Consumer Services Bank Act of 1987 | Finance and Financial Sector | 1987-08-07 | 1987-09-01 | Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance. | House | Rep. LaFalce, John J. [D-NY-32] | NY | D | L000556 | 0 | Consumer Services Bank Act of 1987 - Allows any insured bank to become a consumer services bank by submitting to the appropriate Federal agency a consumer services commitment in compliance with the requirements of this Act. Allows organizers of a depository institution desiring to establish an institution which is an insured bank and a consumer services bank to submit a consumer services commitment in connection with the application submitted to the appropriate Federal banking agency. Requires a consumer services bank to: (1) not make commercial loans; (2) offer low cost basic transaction accounts; (3) offer products and services to holders of such basic transaction accounts on the same basis as other consumers; (4) cash, for non-account holders, any U.S. Government checks or State government checks; (5) make available in each State in which a bank office is located an aggregate amount of loans equal to 65 percent of the deposits received from State residents; and (6) maintain investments of at least 65 percent of its total assets during two of every three consecutive years in loans or extensions of credit to natural persons secured by a one to four family residence or for personal, family, or household purposes, loans and extensions of credit for charitable purposes, and loans or extensions of credit to individuals through the use of credit cards or similar means. Prohibits consumer services banks from engaging in cross marketing arrangements with affiliates or subsidiaries except under specified circumstances. Requires such a bank to provide certain disclosures to customers whenever it is acting on behalf of an affiliate. Requires consumer services banks to maintain a total capital-to-assets ratio of not less than nine percent. Provides for: (1) revocation of consumer services bank status if the appropriate Federal banking agency finds, after a hearing, that the bank has violated such requirements; and (2) judicial review of such revocation. Amends the Bank Holding Company Act of 1956 to exclude a consumer … | 2025-08-28T20:07:09Z | |
| 100-s-1626 | 100 | s | 1626 | Intellectual Property Bankruptcy Protection Act of 1987 | Finance and Financial Sector | 1987-08-07 | 1988-10-18 | Became Public Law No: 100-506. | Senate | Sen. DeConcini, Dennis [D-AZ] | AZ | D | D000185 | 1 | (Measure passed Senate, amended) Amends Federal bankruptcy provisions to provide that if the trustee in bankruptcy rejects an executory contract under which the debtor is a licensor of a right to intellectual property, the licensee may elect to: (1) treat such contract as terminated if such rejection amounts to such a breach as would entitle the licensee to treat such contract as terminated by virtue of its own terms, applicable nonbankruptcy law, or an agreement made by the licensee with another entity; or (2) retain its rights as such rights existed immediately before the case commenced for the duration of the contract and for any period for which such contract may be extended by the licensee as of right under applicable nonbankruptcy law. Provides that if a licensee elects to retain its rights under such contract, then: (1) the trustee shall allow the licensee to exercise such rights; (2) the licensee shall make all royalty payments due under such contract; and (3) the licensee shall be deemed to waive any right of setoff and any allowable claim arising from the performance of such contract. Provides that on the written request of a licensee which elects to retain its rights, the trustee in bankruptcy shall: (1) provide to the licensee any intellectual property held by the trustee to the extent provided in such contract; and (2) refrain from interfering with any rights of the licensee, including any right to obtain such intellectual property from another entity. Provides that unless and until the trustee rejects such contract, on the written request of the licensee, the trustee shall: (1) perform such contract or provide to the licensee such intellectual property held by the trustee; and (2) refrain from interfering with the rights of the licensee as provided in such contract to such intellectual property, including any right to obtain such intellectual property from another party. Defines intellectual property as: (1) trade secrets; (2) inventions, processes, designs, or plants protected under applicable… | 2025-08-28T20:05:40Z | |
| 100-s-1653 | 100 | s | 1653 | Junk Bond Limitation Act of 1987 | Finance and Financial Sector | 1987-08-07 | 1987-08-07 | Read twice and referred to the Committee on Banking. | Senate | Sen. Domenici, Pete V. [R-NM] | NM | R | D000407 | 0 | Junk Bond Limitation Act of 1987 - Amends the Federal Deposit Insurance Act to prohibit an insured bank from investing in noninvestment grade securities the proceeds of which will be used to purchase or carry margin securities if such an investment would be prohibited for a similarly situated national bank. Prohibits an insured bank from investing in noninvestment grade securities if its primary capital is less than six percent of its total assets. Amends the National Housing Act to prohibit an insured institution from investing in noninvestment grade securities the proceeds of which will be used to purchase or carry margin securities if such an investment would be prohibited for a similarly situated Federal savings and loan association. Prohibits an insured institution from investing in noninvestment grade securities if its primary capital is less than six percent of its total assets. Amends the Securities Exchange Act of 1934 to apply the margin restrictions prescribed by the Federal Reserve Board to any lender that purchases any debt securities by a shell corporation the proceeds of which will be used to purchase or carry margin stock in the context of a tender offer or any acquisition of securities which would require the filing of a report under the Securities Exchange Act of 1934. | 2025-08-28T20:05:50Z | |
| 100-s-1587 | 100 | s | 1587 | 1988 Olympic Commemorative Coin Act | Finance and Financial Sector | 1987-08-03 | 1987-09-30 | Committee on Banking. Ordered favorably reported H.R. 2741 in lieu of this measure. | Senate | Sen. D'Amato, Alfonse [R-NY] | NY | R | D000018 | 10 | 1988 Olympic Commemorative Coin Act - Directs the Secretary of the Treasury to issue a specified number of gold and silver coins emblematic of the participation of American athletes in the 1988 Olympic Games. Sets forth certain features of the coins and provides for their sale and issuance. Requires all sales to include specified surcharges. Requires all surcharges to be paid to the United States Olympic Committee. Terminates the minting of the coins on December 31, 1988. | 2025-08-28T20:08:00Z |
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CREATE TABLE legislation (
bill_id TEXT PRIMARY KEY,
congress INTEGER,
bill_type TEXT,
bill_number INTEGER,
title TEXT,
policy_area TEXT,
introduced_date TEXT,
latest_action_date TEXT,
latest_action_text TEXT,
origin_chamber TEXT,
sponsor_name TEXT,
sponsor_state TEXT,
sponsor_party TEXT,
sponsor_bioguide_id TEXT,
cosponsor_count INTEGER DEFAULT 0,
summary_text TEXT,
update_date TEXT,
url TEXT
);
CREATE INDEX idx_leg_congress ON legislation(congress);
CREATE INDEX idx_leg_type ON legislation(bill_type);
CREATE INDEX idx_leg_policy ON legislation(policy_area);
CREATE INDEX idx_leg_date ON legislation(introduced_date);
CREATE INDEX idx_leg_sponsor ON legislation(sponsor_name);
CREATE INDEX idx_leg_sponsor_bioguide ON legislation(sponsor_bioguide_id);