Industrial Bank Holding Company Act of 2006

Fact Sheet

Bill Number

HR 5746

Introduced

Jul 10, 2006

Latest Action

Referred to the House Committee on Financial Services.

Sponsor

Cosponsors

Topics

Administrative procedure Bank examination Bank holding companies Commerce Corporate finance Federal Deposit Insurance Corporation Finance and Financial Sector Financial statements Government corporations Government Operations and Politics Government paperwork Law Subsidiary corporations

Full Text

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Votes

Summary

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.

Actions

Jul 10, 2006

Referred to the House Committee on Financial Services.
Jul 10, 2006

Introduced in House

Amendments

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