H.R.8442 - A bill to authorize any national bank located in the standard metropolitan statistical area in which the District of Columbia is located to establish branches throughout such area and to authorize any bank holding company located in such area to acquire control of banks throughout such area.96th Congress (1979-1980)
|Sponsor:||Rep. Moorhead, William S. [D-PA-14] (Introduced 12/05/1980)|
|Committees:||House - Banking, Finance, and Urban Affairs|
|Latest Action:||House - 12/05/1980 Referred to House Committee on Banking, Finance and Urban Affairs. (All Actions)|
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Summary: H.R.8442 — 96th Congress (1979-1980)All Information (Except Text)
Introduced in House (12/05/1980)
Allows any national banking association located in the Washington, D.C., standard metropolitan statistical area to establish and operate branches outside the State in which the association is located if: (1) such location is within the Washington, D.C., standard metropolitan statistical area; and (2) the establishment and operation of such branches are specifically authorized by such other State's statute to State banks.
Amends the Bank Holding Company Act of 1956 to authorize any bank holding company whose operations are principally conducted in the Washington, D.C., standard metropolitan statistical area to acquire an interest in a bank located outside the State but in the Washington, D.C., standard metropolitan statistical area.