H.R.5746 - Industrial Bank Holding Company Act of 2006109th Congress (2005-2006)
|Sponsor:||Rep. Gillmor, Paul E. [R-OH-5] (Introduced 07/10/2006)|
|Committees:||House - Financial Services|
|Latest Action:||07/10/2006 Referred to the House Committee on Financial Services.|
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Subject — Policy Area:
- Finance and Financial Sector
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Summary: H.R.5746 — 109th Congress (2005-2006)All Bill Information (Except Text)
Introduced in House (07/10/2006)
Industrial Bank Holding Company Act of 2006 - Requires an industrial bank holding company to register and file certain reports with the Federal Deposit Insurance Corporation (FDIC) within ninety days after becoming an industrial bank holding company
Prohibits such holding company from being controlled by a commercial firm.
Grandfathers certain institutions to exempt them from the requirements of this Act.