House Roll Call 773

105th Congress, 2nd session · House roll no. 145 · 1998-05-13 · Failed

H.R. 10: On Agreeing to the Amendment — (HOUSE REJECTED THE BAKER AMENDMENT THAT SOUGHT TO ELIMINATE COMMUNITY REINVESTMENT ACT REQUIREMENTS FOR FDIC INSURED DEPOSITARY INSTITUTIONS WITH TOTAL ASSETS OF LESS THAN $100 MILLION; ESTABLISHES A THREE YEAR SUNSET ON THE REQUIREMENT THAT A BANK ACQUIRE AN INSURANCE AGENCY THAT IS AT LEAST TWO YEARS OLD AND PROVIDES THAT STATE INSURANCE COMMISSIONERS CAN EXEMPT A BANK FROM THIS REQUIREMENT; REQUIRES A STUDY BY THE COMPTROLLER OF THE CURRENCY IN CONJUNCTION WITH THE NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS ON THE EFFECTIVENESS OF SECTION 104(B)(2)(A) RELATING TO THE USE OF THE ILLINOIS LAW IN ESTABLISHING A SAFE HARBOR FOR THE REGULATION OF INSURANCE SALES AND SOLICITATION ACTIVITY; PROHIBITS THE ACQUISITION OF A UNITARY THRIFT BY AN UNREGULATED NONFINANCIAL COMPANY; AND AUTHORIZES SUBSIDIARIES OF NATIONAL BANKS TO ENGAGE IN CERTAIN FINANCIAL ACTIVITIES. .)

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