[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1306 Engrossed Amendment Senate (EAS)]

  
  
  
  
  
  
  
  
  
  

                  In the Senate of the United States,

                                                         June 12, 1997.
      Resolved, That the bill from the House of Representatives (H.R. 
1306) entitled ``An Act to amend the Federal Deposit Insurance Act to 
clarify the applicability of host State laws to any branch in such 
State of an out-of-State bank.'', do pass with the following

                              AMENDMENTS:

(1)Page 2, lines 2 and 3, strike out [Clarification] and insert: 
Amendments

(2)Page 2, line 5, before ``Subsection'' insert:
    (a) Activities of Branches of Out-of-State Banks.--

(3)Page 3, strike out lines 3 through 7 and insert:
            ``(3) Savings provision.--No provision of this subsection 
        shall be construed as affecting the applicability of--
                    ``(A) any State law of any home State under 
                subsection (b), (c), or (d) of section 44; or
                    ``(B) Federal law to State banks and State bank 
                branches in the home State or the host State.

(4)Page 3, after line 10 insert:
    (b) Law Applicable to Interstate Branching Operations.--Section 
5155(f)(1) of the Revised Statutes (12 U.S.C. 36(f)(1)) is amended by 
adding at the end the following:
                    ``(C) Review and report on actions by 
                comptroller.--The Comptroller of the Currency shall 
                conduct an annual review of the actions it has taken 
                with regard to the applicability of State law to 
                national banks (or their branches) during the preceding 
                year, and shall include in its annual report required 
                under section 333 of the Revised Statutes (12 U.S.C. 
                14) the results of the review and the reasons for each 
                such action. The first such review and report after the 
                date of enactment of this subparagraph shall encompass 
                all such actions taken on or after January 1, 1992.''.

(5)Page 3, after line 10 insert:

SEC. 3. RIGHT OF STATE TO OPT OUT

    Nothing in this Act alters the right of States under section 525 of 
Public Law 96-221.

            Amend the title so as to read: ``An Act to amend Federal 
        law to clarify the applicability of host State laws to any 
        branch in such State of an out-of-State bank, and for other 
        purposes.''.

            Attest:

                                                             Secretary.
105th CONGRESS

  1st Session

                               H. R. 1306

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                               AMENDMENTS