H.R.5746: Industrial Bank Holding Company Act of 2006

About This Bill

Bill 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.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Financial Services.
July 10, 2006

Introduced in the House by Paul E. Gillmor (R-Ohio)

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