All Information (Except Text) for S.2874 - A bill to amend the Bank Holding Company Act of 1956 to limit the property and casualty and life insurance activities of bank holding companies and their subsidiaries.96th Congress (1979-1980)
|Sponsor:||Sen. Durkin, John A. [D-NH] (Introduced 06/25/1980)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 06/25/1980 Referred to Senate Committee on Banking, Housing and Urban Affairs. (All Actions)|
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Actions Overview (1)
|06/25/1980||Introduced in Senate|
06/25/1980 Introduced in Senate
All Actions (1)
|06/25/1980||Referred to Senate Committee on Banking, Housing and Urban Affairs.|
Action By: Senate
06/25/1980 Referred to Senate Committee on Banking, Housing and Urban Affairs.
Congress.gov databases include cosponsorship dates (including identification of "original" cosponsors) since 1981 (97th Congress). Prior to 1981, you may be able to find some information online, but often the information is available only in print form.
|Sen. Church, Frank [D-ID]|
|Sen. Bentsen, Lloyd M. [D-TX]|
|Sen. Cohen, William S. [R-ME]|
|Sen. Bellmon, Henry L. [R-OK]|
|Sen. Tsongas, Paul E. [D-MA]|
|Sen. Mitchell, George J. [D-ME]|
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Banking, Housing, and Urban Affairs||06/25/1980||Referred to|
Subject — Policy Area:
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Latest Summary (1)
Introduced in Senate (06/25/1980)
Amends the Bank Holding Company Act of 1956 to prohibit bank holding companies and their subsidiaries from selling insurance as principals, agents or brokers, except: (1) where the insurance secures an extension of credit in the event of death or disability of the debtor; (2) where the insurance is declining balance credit property insurance, sold by a subsidiary finance company, to protect against loss or damage to collateral securing an extension of credit of $10,000 for less (adjusted by the Consumer Price Index with 1980 as the base year); (3) any insurance agency activity in a community of less than 5,000 which has inadequate insurance agency facilities; (4) any insurance agency activity lawfully engaged in by a bank holding company on June 6, 1978, or by a subsidiary finance company acquired between June 6, 1978, and June 6, 1979; (5) certain supervisory activity over agents who sell insurance covering a holding company's property and employees; and (6) any insurance agency activity, except the sale of unauthorized life insurance or annuities, conducted by a bank holding company or its subsidiary which has less than $50,000,000 in total assets.