H.R. 5746 · 109th Congress
Industrial Bank Holding Company Act of 2006
- Stage
- In committee
- Sponsor
- Paul Gillmor
- Introduced
- 2006-07-10
- Latest action
- 2006-07-10 · Introduced in House
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.