Introduced
by
To expand the application of a law allowing banks and savings and loan associations to suspend business in the event of an existing or impending emergency, so that it would apply to all financial institutions, including a nationally, federally, or state chartered bank, savings bank, credit union, or savings and loan association. The bill would add “terrorism” to the list of events that may constitute an emergency.
Referred to the Committee on Insurance and Financial Services
Substitute offered
To replace the previous version of the bill with one eliminating provisions which might conflict with federal law related to presenting checks, bills, or notes to an institution which is closed.
The substitute passed by voice vote
Passed in the House 104 to 0 (details)
Referred to the Committee on Banking and Financial Institutions
