[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1306 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 1306

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.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 10, 1997

   Mrs. Roukema (for herself, Mr. Leach, Mr. LaFalce, Mr. Baker, Mr. 
Flake, Mr. Bachus, Mrs. Maloney of New York, Mr. Castle, Mr. Ackerman, 
  Mr. King, Mr. Maloney of Connecticut, Mr. Metcalf, Mrs. Kelly, Mr. 
Cook, Mr. Snowbarger, Mr. Ryun, Mr. Hill, Mr. Smith of New Jersey, Mr. 
 Blunt, Mr. Frelinghuysen, and Mr. Ney) introduced the following bill; 
 which was referred to the Committee on Banking and Financial Services

_______________________________________________________________________

                                 A BILL


 
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.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Riegle-Neal Clarification Act of 
1997''.

SEC. 2. INTERSTATE BRANCHING.

    Subsection 24(j) of the Federal Deposit Insurance Act (12 U.S.C. 
1831a(j)) is amended to read as follows:
    ``(j) Activities of Branches of Out-of-State Banks.--
            ``(1) Application of host state law.--The laws of a host 
        state, including laws regarding community reinvestment, 
        consumer protection, fair lending, and establishment of 
        intrastate branches, shall apply to any branch in the host 
        State of an out-of-State State bank to the same extent as such 
        State laws apply to a branch in the host State of an out-of-
        State national bank.
            ``(2) Activities of branches.--An insured State bank that 
        establishes a branch in a host State may conduct any activity 
        at such branch that is permissible under the laws of the home 
        State of such bank, if such activity is permissible either for 
        a bank chartered by the host State (subject to the restrictions 
        in this section) or for a branch in the host State of an out-
        of-State national bank.
            ``(3) Definitions.--The terms `host State', `home State', 
        and `out-of-State bank' have the same meanings as in section 
        44(f).''.
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