3.0.0 3291 2023-01-11T13:18:27Z 2023-01-11T13:18:27Z House H HR 2009-07-22 111 hsba00 Financial Services Committee House Standing Referred to 2009-07-22T14:07:50Z 2009-07-22 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-07-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-07-22 Introduced in House IntroReferral 1000 9 Library of Congress M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 N Finance and Financial Sector Banking and financial institutions regulation Corporate finance and management Employee benefits and pensions Securities Wages and earnings Finance and Financial Sector 00 2009-07-22 Introduced in House 2009-10-22T14:05:32Z Mutual Holding Company Beneficial Owners' Protection Act of 2009 - Amends the Home Owners' Loan Act, the Federal Deposit Insurance Act, and the Bank Holding Company Act to prohibit any savings association, savings and loan holding company, insured depository institution, or bank holding company that is a subsidiary of a mutual holding company from establishing or implementing any plan (or plan amendment ) to award stock options or to provide stock or any stock interest as compensation or benefits to either management or employees, unless a majority of the total (non-mutual holding company) votes eligible to be cast for it approve.

Declares void and unenforceable any provision of the charter or bylaws of such entities which has the effect of excluding or preventing such votes.

]]> Mutual Holding Company Beneficial Owners' Protection Act of 2009 Display Title Mutual Holding Company Beneficial Owners' Protection Act of 2009 Official Title as Introduced To protect the rights of public shareholders of mutual holding companies by promoting fair corporate governance procedures when considering management or employee stock benefit plans, and for other purposes. Introduced in House IH Short Titles as Introduced Mutual Holding Company Beneficial Owners' Protection Act of 2009 Introduced in House 2009-07-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3291ih/xml/BILLS-111hr3291ih.xml 2009-07-22 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.