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HR 4373 98th Congress House

Interlocking Ownership Disclosure Act

Official title: A bill to amend the Federal Deposit Insurance Act to require depository institutions to identify individuals who have a significant financial interest in more than one depository institution.

Introduced: March 1, 1984 See on congress.gov
Finance and Financial Sector Bank directorsBank examinationBank managementBank records
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This bill died when the 98th Congress ended
It never became law before the 98th Congress (1983–1984) 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
Dec 15, 1983
Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Nov 14, 1983
Referred to House Committee on Banking, Finance and Urban Affairs.
Nov 14, 1983
Introduced in House
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 Latest action December 15, 1983

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

 Plain-English summary Congressional Research Service

Interlocking Ownership Disclosure Act - Amend the Federal Deposit Insurance Act to require every depository institution, not later than April 15 of each year, to report to the appropriate Federal banking agency: (1) the name of each individual who directly or indirectly owns, or has the power to vote more than five percent of any class of voting securities of, such depository institution and of any other depository institution; or (2) the nonexistence of such other ownership interests.

Requires such report to contain the names of all such other depository institutions, if any, the duration of such ownership interests during the preceding calendar year, and the percentage of ownership in each such depository institution.

Requires the Board of Governors of the Federal Reserve System to make annual reports to specified congressional committees containing the findings on the nature and extent of interlocking ownership interests in depository institutions.

Applies the requirements of this Act to commercial banks, savings banks, savings and loan associations, credit unions and other specified depository institutions.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 1
D
Schumer, Charles E.
New York · May 1, 1984
LIPINSKI, WILLIAM
· Mar 1, 1984
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4373: Interlocking Ownership Disclosure Act. 98th Congress. Open America. https://openamerica.io/bill/98-HR-4373/
MLA
"H.R. 4373: Interlocking Ownership Disclosure Act." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-HR-4373/.
Bluebook (legal)
H.R. 4373, 98th Cong. (2026), https://openamerica.io/bill/98-HR-4373/.
Markdown link
[H.R. 4373: Interlocking Ownership Disclosure Act](https://openamerica.io/bill/98-HR-4373/)
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