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H.R. 3450 96th Congress House

A bill entitled, "The Financial Regulation Simplification Act of 1979".

Introduced: April 4, 1979 See on congress.gov
Government Operations and Politics Administrative procedureDepartment of the TreasuryFederal Deposit Insurance CorporationFederal Home Loan Bank Board
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Federal Reserve SystemFinance and Financial SectorNational Credit Union Administration
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This bill died when the 96th Congress ended
It never became law before the 96th Congress (1979–1980) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 4, 1979
Referred to House Committee on Banking, Finance and Urban Affairs.
Apr 4, 1979
Introduced in House
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 Latest action April 4, 1979

Referred to House Committee on Banking, Finance and Urban Affairs.

 Plain-English summary Congressional Research Service

States the findings of Congress with respect to the utility of regulations issued by Federal financial regulatory agencies.

Requires regulations issued by Federal financial regulatory agencies to insure that: (1) the need for and purpose of such regulations are clearly established; (2) meaningful alternatives to the issuance of regulations are considered; (3) compliance costs, paperwork, and other costs are kept at a minimal level; (4) conflicts, duplications and inconsistencies between regulations are avoided; (5) opportunities for comment by interested parties are made available; and (6) the language of such regulations is clear and simple.

Directs Federal financial regulatory agencies to establish a program which assures periodic review of existing regulations.

Requires all Federal financial regulatory agencies to submit reports outlining their progress in implementing financial regulation simplification to the appropriate committees of the House of Representatives and the Senate.

Terminates the provisions of this Act five years after its effective date.

 Related & companion bills 1
  • S 1592 Companion bill A bill entitled the "Financial Regulation Simplification Act of 1979".
 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 3450: A bill entitled, "The Financial Regulation Simplification Act of 1979".. 96th Congress. Open America. https://openamerica.io/bill/96-HR-3450/
MLA
"H.R. 3450: A bill entitled, "The Financial Regulation Simplification Act of 1979".." 96th Congress, 2026, Open America, https://openamerica.io/bill/96-HR-3450/.
Bluebook (legal)
H.R. 3450, 96th Cong. (2026), https://openamerica.io/bill/96-HR-3450/.
Markdown link
[H.R. 3450: A bill entitled, "The Financial Regulation Simplification Act of 1979".](https://openamerica.io/bill/96-HR-3450/)
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