[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 643 Introduced in House (IH)]







104th CONGRESS
  1st Session
                                H. R. 643

 To extend the effectiveness of an exemption from the requirements of 
         the Depository Institution Management Interlocks Act.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 23, 1995

 Mr. Thompson introduced the following bill; which was referred to the 
              Committee on Banking and Financial Services

_______________________________________________________________________

                                 A BILL


 
 To extend the effectiveness of an exemption from the requirements of 
         the Depository Institution Management Interlocks Act.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. DEPOSITORY INSTITUTION MANAGEMENT INTERLOCKS EXEMPTION.

    (a) Extension.--Section 206 of the Depository Institution 
Management Interlocks Act (12 U.S.C. 3205) is amended--
            (1) in the first sentence of subsection (a), by striking 
        ``for a period of, subject to the requirements of subsection 
        (c), 20 years after the date of enactment of this title'' and 
        inserting ``, subject to the requirements of subsection (c)''; 
        and
            (2) in subsection (b)--
                    (A) by inserting ``and subject to the requirements 
                of subsection (c)'' after ``Effective on the date of 
                enactment of this title''; and
                    (B) by striking the last sentence.
    (b) Effective Date.--The amendments made by subsection (a) shall 
take effect on the date of the enactment of this Act.
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