H.R.3615: Mutual Bank Conversion Act

About This Bill

  • This bill was introduced in the 103rd Congress
  • This bill is primarily about government operations and politics
  • Introduced Nov. 22, 1993
  • Latest Major Action Jan. 26, 1994

Bill Summary

Mutual Bank Conversion Act - Amends the Federal Deposit Insurance Act to mandate that conversions by insured State banks from mutual form to stock form be implemented according to Federal Deposit Insurance Corporation regulations. Requires such regulations to be substantially similar to those prescribed by the Director of the Office of Thrift Supervision.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Banking, Finance + Urban Affrs.
Sponsor introductory remarks on measure.
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance.
Subcommittee Hearings Held.
Nov. 22, 1993

Introduced in the House by Henry B. Gonzalez (D-Texas)

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