Banks; financial activities. (SB1109)
Introduced By
Sen. William Wampler (R-Bristol)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Banks; financial activities. Prohibits a bank from establishing or maintaining a branch in Virginia on the premises or property of an affiliate if the affiliate engages in commercial activities, which are defined as activities in which a bank holding company, a financial holding company, a national bank, or a national bank financial subsidiary may not engage under federal law. The measure repeals provisions regarding the commercial activities of industrial loan associations and industrial loan companies. The measure will be effective upon passage. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/09/2007 | Prefiled and ordered printed; offered 01/10/07 070203836 |
01/09/2007 | Prefiled and ordered printed with emergency clause; offered 01/10/07 070203836 |
01/09/2007 | Referred to Committee on Commerce and Labor |
01/16/2007 | Impact statement from SCC (SB1109) |