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HR 3465 97th Congress House

A bill to amend the Investment Company Act of 1940 and for other purposes.

Introduced: September 9, 1981 See on congress.gov
Finance and Financial Sector Bank holding companiesInvestment advisersInvestment bankingMutual funds
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Savings and loan associationsSecurities and Investments
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This bill died when the 97th Congress ended
It never became law before the 97th Congress (1981–1982) 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 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 15, 1981
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
May 7, 1981
Referred to Subcommittee on Telecommunications, Consumer Protection and Finance.
May 6, 1981
Referred to House Committee on Energy and Commerce.
May 6, 1981
Referred to House Committee on Banking, Finance and Urban Affairs.
May 6, 1981
Introduced in House
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 Latest action May 15, 1981

Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

 Plain-English summary Congressional Research Service

Amends the Investment Company Act of 1940 to permit a bank, a bank holding company or a subsidiary thereof, or a savings and loan association to: (1) organize, sponsor, operate, or render investment advice to an investment company; or (2) underwrite, distribute, sell, or issue securities of any such investment company which is organized, sponsored, operated, controlled, or so advised by a bank, a bank holding company or a subsidiary thereof, or a savings and loan association.

Requires officers and employees of banks or savings and loan associations who sell such securities to meet such standards with respect to training, experience, and sales practices as the Comptroller of the Currency and the Federal Home Loan Bank Board shall prescribe.

 Committees of jurisdiction 4
 Cosponsors 1
All 1 Democratic 1
D
Wyden, Ron
Oregon · Sep 9, 1981
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3465: A bill to amend the Investment Company Act of 1940 and for other purposes.. 97th Congress. Open America. https://openamerica.io/bill/97-HR-3465/
MLA
"H.R. 3465: A bill to amend the Investment Company Act of 1940 and for other purposes.." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-3465/.
Bluebook (legal)
H.R. 3465, 97th Cong. (2026), https://openamerica.io/bill/97-HR-3465/.
Markdown link
[H.R. 3465: A bill to amend the Investment Company Act of 1940 and for other purposes.](https://openamerica.io/bill/97-HR-3465/)
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