Regulatory Consolidation Act of 1993

Sponsor introductory remarks on measure. (CR H1314-1318)

Congressional Research Service

Official summary

Version 00 · Introduced in House · Mar 4, 1993

TABLE OF CONTENTS: Title I: Federal Banking Commission Title II: Abolition of Federal Banking Agencies Regulatory Consolidation Act of 1993 - Title I: Federal Banking Commission - Establishes the Federal Banking Commission (the Commission). Transfers to the Commisssion all regulatory functions of: (1) the Comptroller of the Currency with respect to national banks; (2) the Board of Governors of the Federal Reserve System (and any Federal Reserve Bank) with respect to member banks, bank holding companies and affiliates, and certain international banking entities; (3) the Director of the Office of Thrift Supervision with respect to savings associations and savings and loan holding companies; and (4) the Federal Deposit Insurance Corporation with respect to State nonmember banks and certain savings and foreign banks. Establishes within the Commission a Consumer Division to: (1) conduct consumer examinations to determine the Compliance of each insured depository institution with respect to consumer protection and community reinvestment laws; and (2) implement prescribed consumer protection and information programs. Title II: Abolition of Federal Banking Agencies - Abolishes the Office of the Comptroller of the Currency and the Office of Thrift Supervision. Authorizes the President to establish a transition commission to facilitate the transfer of functions with the least disruption to the regulatory environment. Declares that the individuals serving as Comptroller of the Currency and the Director of Thrift Supervision are eligible to be detailed to the transition commission.

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People & committees

Who introduced it

Rep. Gonzalez, Henry B. [D-TX-20] · D–TX

Committees

Financial Services Committee

13 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Mar 11, 1994
Sponsor introductory remarks on measure. (CR H1314-1318)
Mar 10, 1994
Sponsor introductory remarks on measure. (CR H1242-1243)
Mar 9, 1994
Sponsor introductory remarks on measure. (CR H1140)
Mar 8, 1994
Sponsor introductory remarks on measure. (CR H1084)
Mar 17, 1993
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance.
Mar 4, 1993
Referred to the House Committee on Banking, Finance + Urban Affrs.
Mar 4, 1993
Sponsor introductory remarks on measure. (CR E509-510)
Mar 4, 1993
Introduced in House
Mar 4, 1993
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Nov 10, 1993 Formatted Text PDF

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Aug 26, 2025. Consult Congress.gov for the current record.

AI Conversation Starters

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Neutral evidence review

Objective

Analyze H.R.1214 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss H.R.1214, 103rd Congress: Regulatory Consolidation Act of 1993

Official record: https://www.congress.gov/bill/103rd-congress/house-bill/1214

Text version to examine: Introduced in House · 1993-11-10.

Official full text: https://www.congress.gov/103/bills/hr1214/BILLS-103hr1214ih.htm

Imported record last updated by the source: 2025-08-26T13:49:29Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.1214 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.1214 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Discuss H.R.1214, 103rd Congress: Regulatory Consolidation Act of 1993

Official record: https://www.congress.gov/bill/103rd-congress/house-bill/1214

Text version to examine: Introduced in House · 1993-11-10.

Official full text: https://www.congress.gov/103/bills/hr1214/BILLS-103hr1214ih.htm

Imported record last updated by the source: 2025-08-26T13:49:29Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.1214 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.1214 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Discuss H.R.1214, 103rd Congress: Regulatory Consolidation Act of 1993

Official record: https://www.congress.gov/bill/103rd-congress/house-bill/1214

Text version to examine: Introduced in House · 1993-11-10.

Official full text: https://www.congress.gov/103/bills/hr1214/BILLS-103hr1214ih.htm

Imported record last updated by the source: 2025-08-26T13:49:29Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.1214 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.1214 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.1214, 103rd Congress: Regulatory Consolidation Act of 1993

Official record: https://www.congress.gov/bill/103rd-congress/house-bill/1214

Text version to examine: Introduced in House · 1993-11-10.

Official full text: https://www.congress.gov/103/bills/hr1214/BILLS-103hr1214ih.htm

Imported record last updated by the source: 2025-08-26T13:49:29Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.1214 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.