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Titles (1)

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

A bill to assist cities and States by amending section 5136 of the Revised Statutes, as amended, with respect to the authority of national banks to underwrite and deal in securities issued by State and local governments.


Actions Overview (1)

Date
11/29/1977Introduced in House

All Actions (2)

Date
11/29/1977Referred to House Committee on Banking, Finance and Urban Affairs.
Action By: House of Representatives
11/29/1977Introduced in House
Action By: House of Representatives

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Banking, Finance, and Urban Affairs11/29/1977 Referred to

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Subjects (9)


Latest Summary (1)

There is one summary for H.R.10145. View summaries

Shown Here:
Introduced in House (11/29/1977)

Excludes from the Federal law limiting and restricting the corporate powers of national banking associations to deal in and underwrite investment securities specified dealing in and underwriting of all other nongeneral obligations issued or guaranteed by or on behalf of a State or any political subdivision thereof or agency of a State or any political subdivision thereof (except special assessment obligations and industrial revenue bonds) which are at the time eligible for purchase by a national bank for its own account, subject to specified limitations.

Requires the Secretary of Treasury to submit an annual report to the Congress showing the extent to which the business of underwriting and dealing in State and local obligations is being carried on by commercial banks as compared with other banking institutions with a view to determining the effect of the amendment made by the first section of this Act on the institutional distribution of such business.