H.R.3882: Financial Safety and Equity Act of 2005

About This Bill

  • This bill was introduced in the 109th Congress
  • This bill is primarily about finance and financial sector
  • Introduced Sept. 22, 2005
  • Latest Major Action Oct. 17, 2005

Bill Cosponsors

4 (2 Democrats, 1 Independent Democrat, 2 Republicans)

Bill Summary

Financial Safety and Equity Act of 2005 - Amends the Bank Holding Company Act of 1956 regarding interests in nonbanking organizations to provide that any company that controls an industrial loan company, industrial bank, or similar institution shall become a financial holding company. Requires such entity to comply with all federal conditions, requirements, restrictions and limitations applicable to a financial holding company. Grants a...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Sept. 22, 2005

Introduced in the House by James A. Leach (R-Iowa)

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