PlainBillCongress, translated.Legislation. Context. Public interest.Became Public Law No: 103-328.
Congressional Research Service
Version 00 · Introduced in House · Feb 10, 1994
TABLE OF CONTENTS: Title I: Interstate Banking and Branching Title II: CRA Evaluations Interstate Banking Efficiency Act of 1994 - Title I: Interstate Banking and Branching - Amends the Bank Holding Company Act of 1956 to prescribe guidelines under which the Federal Reserve Board may approve applications by bank holding companies to acquire voting shares or interests in additional insured depository institutions or banking holding companies located in any State (State law to the contrary notwithstanding). Amends Federal banking law to prescribe guidelines under which the Comptroller of the Currency may approve applications by adequately capitalized and adequately managed national banks to acquire and operate interstate branches. Authorizes the States, by a specified deadline, to: (1) either permit or prohibit interstate branching by national or State banks; and (2) set conditions upon such branching. Amends the Federal Deposit Insurance Act (FDIA) to: (1) prohibit a State nonmember insured bank from establishing and operating any new domestic branch or foreign branch without the prior written consent of the Federal Deposit Insurance Corporation (FDIC); and (2) set forth parameters within which adequately managed insured State banks may engage in interstate branching. Permits the States to coordinate their bank examination and regulatory activities. Amends the International Banking Act of 1978 to prescribe guidelines under which foreign banks may establish interstate banking operations. Amends the FDIA to authorize the interstate consolidation or merger of bank holding company subsidiary banks, subject to prescribed guidelines. Conditions approval of such consolidation upon submission by the applicant of a plan for meeting the credit needs of the local communities served by the merger. Requires Federal banking regulatory agencies to prescribe regulations which: (1) prohibit any person from engaging in interstate branching primarily for the purpose of deposit production; (2) include guidelines to ensure that each interstate branch meets the credit needs of its local community and market area; and (3) restrict the ratio of out-of-State loans by interstate branches. Title II: CRA Evaluations - Amends the Community Reinvestment Act of 1977 to require the appropriate Federal financial supervisory agency to prepare written State-by-State evaluations of the performance records of financial institutions with interstate branches.
People & committees
Rep. Neal, Stephen L. [D-NC-5] · D–NC
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Became Public Law No: 103-328.
Became Public Law No: 103-328.
Signed by President.
Signed by President.
Presented to President.
Presented to President.
Message on Senate action sent to the House.
Senate agreed to conference report by Yea-Nay Vote. 94-4. Record Vote No: 298. (consideration: CR S12790)
Senate roll call 298 · Individual votesConference report agreed to in Senate: Senate agreed to conference report by Yea-Nay Vote. 94-4. Record Vote No: 298.(consideration: CR S12790)
Senate roll call 298 · Individual votesConference report considered in Senate by motion. (consideration: CR S12714)
Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 97-1. Record Vote No: 296. (consideration: CR S12768)
Senate roll call 296 · Individual votesMotion to proceed to consideration of measure made in Senate. (consideration: CR S12714)
Conference papers: message on House action held at the desk in Senate.
On agreeing to the conference report Agreed to by voice vote. (consideration: CR H6774-6782)
Motions to reconsider laid on the table Agreed to without objection.
Conference report agreed to in House: On agreeing to the conference report Agreed to by voice vote.(consideration: CR H6774-6782)
Motion to reconsider laid on the table Agreed to without objection.
The previous question was ordered without objection.
DEBATE - The House proceeded with one hour of debate on the conference report.
Mr. Neal (NC) brought up conference report H. Rept. 103-651 for consideration under the provisions of H. Res. 505.
Rule H. Res. 505 passed House.
Rules Committee Resolution H. Res. 505 Reported to House. Rule provides for consideration of the conference report to H.R. 3841. Waiving all points of order against the conference report and against its consideration.
Conference papers: Senate report and managers' statement held at the desk in Senate.
Conference report H. Rept. 103-651 filed. Filed late, pursuant to previous special order. (text of conference report: CR H6698)
Conference report filed: Conference report H. Rept. 103-651 filed. Filed late, pursuant to previous special order.(text of conference report: CR H6698)
Mr. Gonzalez asked unanimous consent that managers on the part of the House have until midnight on Aug. 2 to file a conference report on H.R. 3841. Agreed to without objection.
Conferees agreed to file conference report.
Conference committee actions: Conferees agreed to file conference report.
Conference held.
Conference committee actions: Conference held.
Conference held.
Conference committee actions: Conference held.
CONFERENCE APPOINTMENT, H.R. 3841 - By unanimous consent, the Chair appointed Mr. Mazzoli from Kentucky to serve in lieu of Mr. Brooks from Texas as a manager on the part of the House at the conference on the disagreeing votes of the two Houses on H.R. 3841.
Motion to reconsider laid on the table Agreed to without objection.
The Speaker appointed additional conferees - from the Committee on the Judiciary for consideration of secs. 101-03 of the House bill, and title II and secs. 102-03 of the Senate amendment, and modifications committed to conference: Mazzoli, Hughes, Glickman, Boucher, Bryant, Fish, Canady, and Goodlatte.
The Speaker appointed additional conferees - from the Committee on Foreign Affairs for consideration of sec. 402 of the Senate amendment, and modifications committed to conference: Hamilton, Gejdenson, and Gilman.
The Speaker appointed additional conferees - from the Committee on Agriculture for consideration of sec. 109 of the Senate amendment, and modifications committed to conference: de la Garza, Stenholm, Volkmer, Penny, Johnson (SD), Roberts, Combest, and Allard.
The Speaker appointed conferees - from the Committee on Banking, Finance and Urban Affairs for consideration of the House bill, and the Senate amendment, and modifications committed to conference: Gonzalez, Neal (NC), LaFalce, Vento, Schumer, Frank (MA), Kanjorski, Kennedy, Leach, McCollum, Roukema, Bereuter, and Ridge.
On motion that the House disagree to the Senate amendment, and agree to a conference Agreed to without objection.
Mr. Gonzalez asked unanimous consent that the House disagree to the Senate amendment, and agree to a conference. (consideration: CR H3305)
Message on Senate action sent to the House.
Senate appointed conferees Riegle; Sarbanes; Dodd; Sasser; D'Amato; Gramm; Roth.
Senate insisted on its amendment, requested a conference. (consideration: CR S4827)
Passed Senate with an amendment by Voice Vote.
Passed/agreed to in Senate: Passed Senate with an amendment by Voice Vote.
Senate struck all after the Enacting Clause and substituted the language of S. 1963 amended.
Measure laid before Senate. (consideration: CR S4821-4827)
Senate Committee on Banking discharged by Unanimous Consent.
Senate Committee on Banking discharged by Unanimous Consent.
Received in the Senate and read twice and referred to the Committee on Banking.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
DEBATE - The House proceeded with forty minutes of debate.
Considered under suspension of the rules. (consideration: CR H1851-1865)
Mr. Neal (NC) moved to suspend the rules and pass the bill, as amended.
Placed on the Union Calendar, Calendar No. 248.
Reported (Amended) by the Committee on Banking, Finance + Urban Affrs. H. Rept. 103-448.
Reported (Amended) by the Committee on Banking, Finance + Urban Affrs. H. Rept. 103-448.
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 1.
Committee Consideration and Mark-up Session Held.
Referred to the House Committee on Banking, Finance + Urban Affrs.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Jan 14, 2025. Consult Congress.gov for the current record.
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