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HR 4348 105th Congress House

Bank Investment in Subsurface Rights Act

Official title: To amend section 5137 of the Revised Statutes of the United States to allow national banks to continue to hold passive investments in certain subsurface rights… Show full official titleShow less

Official title: To amend section 5137 of the Revised Statutes of the United States to allow national banks to continue to hold passive investments in certain subsurface rights acquired in the course of the banking business and carried on the books of the bank for a nominal amount.

Introduced: July 29, 1998 Introduced by: Sessions, Pete Republican · Texas See on congress.gov
Finance and Financial Sector Bank capitalBank recordsCommerceEarnings
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Financial statementsGovernment Operations and PoliticsGovernment paperworkHousing and Community DevelopmentInvestmentsMining claimsMortgagesPublic Lands and Natural ResourcesReal estate appraisalReal estate businessReal property
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action August 5, 1998

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 4348: Bank Investment in Subsurface Rights Act. 105th Congress. Open America. https://openamerica.io/bill/105-HR-4348/
MLA
"H.R. 4348: Bank Investment in Subsurface Rights Act." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-4348/.
Bluebook (legal)
H.R. 4348, 105th Cong. (2026), https://openamerica.io/bill/105-HR-4348/.
Markdown link
[H.R. 4348: Bank Investment in Subsurface Rights Act](https://openamerica.io/bill/105-HR-4348/)
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