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HR 4348 105th Congress House Finance and Financial Sector Bank capital Bank records Commerce Earnings Financial statements Government Operations and Politics Government paperwork Housing and Community Development Investments Mining claims Mortgages Public Lands and Natural Resources Real estate appraisal Real estate business Real property

Bank Investment in Subsurface Rights Act

Introduced: July 29, 1998 Introduced by: Sessions, Pete Republican · Texas See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 5, 1998
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Jul 29, 1998
Referred to the House Committee on Banking and Financial Services.
Jul 29, 1998
Introduced in House
 Plain-English summary Congressional Research Service

Bank Investment in Subsurface Rights Act - Amends the Revised Statutes of the United States governing the national banks to cite circumstances under which a national bank may hold, passively, subsurface real estate rights.

Authorizes the Comptroller of the Currency to order a national bank to divest itself of such rights if the Comptroller determines that continued ownership is detrimental to its interests.

What's happening now August 5, 1998

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Committees of jurisdiction 2