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Latest Update: Saturday, October, 11th 2008
To amend the Federal Deposit Insurance Act to establish industrial bank holding company regulation, and for other purposes. 5/21/2007--Passed House amended. (There are 2 other summaries) Industrial Bank Holding Company Act of 2007 - Amends the Federal Deposit Insurance Act (FDIA) to apply the bank share or asset acquisition requirements of the Bank Holding Company Act of 1956 to any company that is or would become an industrial bank holding company. States that an application filed to acquire control of an industrial bank shall be treated as an application for a deposit facility. Subjects an industrial bank to Federal Deposit Insurance Corporation (FDIC) requirements regarding registration, reporting, and bank examinations. Authorizes the FDIC to accept reports that an industrial bank holding company or its subsidiary has provided to another federal or state supervisor or to any appropriate self-regulatory organization. Prohibits [...] show full description
- 05/22/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 05/21/2007 - DEBATE - The House proceeded with forty minutes of debate on H.R. 698.
- 05/21/2007 - Mr. Frank (MA) moved to suspend the rules and pass the bill, as amended.
- 05/21/2007 - Considered under suspension of the rules. (consideration: CR H5477-5483)
- 05/21/2007 - At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
show all actions- 05/22/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 05/21/2007 - DEBATE - The House proceeded with forty minutes of debate on H.R. 698.
- 05/21/2007 - Mr. Frank (MA) moved to suspend the rules and pass the bill, as amended.
- 05/21/2007 - Considered under suspension of the rules. (consideration: CR H5477-5483)
- 05/21/2007 - At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
- 05/21/2007 - Considered as unfinished business. (consideration: CR H5513)
- 05/21/2007 - On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 371 - 16, 1 Present (Roll no. 384). (text: CR H5477-5480)
- 05/21/2007 - Motion to reconsider laid on the table Agreed to without objection.
- 05/16/2007 - Reported (Amended) by the Committee on Financial Services. H. Rept. 110-155.
- 05/16/2007 - Placed on the Union Calendar, Calendar No. 92.
- 05/02/2007 - Committee Consideration and Mark-up Session Held.
- 05/02/2007 - Ordered to be Reported (Amended) by Voice Vote.
- 04/25/2007 - Committee Hearings Held.
- 01/29/2007 - Referred to the House Committee on Financial Services.
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