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ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
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Developed and maintained by the Division of Legislative Automated Systems.
1995 SESSION
HB 1753 Banking; interstate branching and mergers.
Introduced by: W. W. Bennett, Jr. | all patrons ... notes | add to my profiles
SUMMARY:
Banking; interstate branching and mergers. Permits Virginia to “opt-in” to interstate branch banking as authorized by the federal Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. This bill (i) allows for an out-of-state domiciled bank to establish branches in Virginia, provided such other state authorizes Virginia banks to establish branches within its borders (i.e., reciprocity), (ii) permits banks to consolidate multi-state operations into one bank, (iii) limits the powers of out-of-state domiciled banks to those permitted Virginia-domiciled banks, (iv) authorizes the State Corporation Commission's Bureau of Financial Institutions to enter into cooperative agreements with other state regulators for the examination and supervision of the other's out-of-state operations and (v) makes technical changes.
FULL TEXT
- 01/18/95 House: Presented & ordered printed LD4711128 pdf
- 01/31/95 House: Committee substitute printed LD2093128-H1 pdf
- 02/21/95 House: Bill text as passed House and Senate (HB1753ER) pdf
- 03/21/95 Governor: Acts of Assembly Chapter text (CHAP0301) pdf
HISTORY
- 01/18/95 House: Presented & ordered printed LD4711128
- 01/18/95 House: Referred to Committee on Corporations, Insurance and Banking
- 01/31/95 House: Reported from C. I. B. w/sub. (22-Y 0-N)
- 01/31/95 House: Committee substitute printed LD2093128-H1
- 02/01/95 House: Read first time
- 02/02/95 House: Read second time
- 02/02/95 House: Committee substitute agreed to LD2093128-H1
- 02/02/95 House: Engrossed by House - com. sub. LD2093128-H1
- 02/03/95 House: Read third time and passed House (Block Vote) (100-Y 0-N)
- 02/03/95 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/03/95 House: Communicated to Senate
- 02/06/95 Senate: Read first time
- 02/06/95 Senate: Referred to Committee on Commerce and Labor
- 02/13/95 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 02/14/95 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/14/95 Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
- 02/15/95 Senate: Read third time
- 02/15/95 Senate: Passed Senate (40-Y 0-N)
- 02/15/95 Senate: VOTE: PASSAGE (40-Y 0-N)
- 02/21/95 House: Bill text as passed House and Senate (HB1753ER)
- 02/24/95 House: Enrolled
- 02/25/95 House: Signed by Speaker
- 02/25/95 Senate: Signed by President
- 03/16/95 Governor: Approved by Governor-Chapter 301 (effective 7/1/95)
- 03/21/95 Governor: Acts of Assembly Chapter text (CHAP0301)