H.R. 13716 (95th): Savings and Loan Associations Mutual Capital Certificate Act

Introduced:
Aug 02, 1978 (95th Congress, 1977–1978)
Status:
Died (Referred to Committee)
Sponsor
Henry Reuss
Representative for Wisconsin's 5th congressional district
Party
Democrat
Related Bills
H.R. 13080 (identical)

Referred to Committee
Last Action: Jun 12, 1978

 
Status

This bill was introduced on August 2, 1978, in a previous session of Congress, but was not enacted.

Progress
Introduced Aug 02, 1978
Referred to Committee Aug 02, 1978
 
Full Title

A bill to permit Federal savings and loan associations to raise additional capital through the issuance of mutual capital certificates, and for other purposes.

Summary

No summaries available.

Cosponsors
none
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


8/2/1978--Introduced.
Savings and Loan Associations Mutual Capital Certificate Act - Amends the Homeowners' Loan Act of 1933 to allow Federal savings and loan associations to issue mutual capital certificates, in accordance with regulations issued by the Federal Home Loan Bank Board. Specifies conditions which shall be provided for in the Board's regulations, including that mutual capital certificates shall be subordinate to all savings accounts, savings certificates, and debt obligations.
Amends the National Housing Act to provide that mutual capital certificates and debentures shall be deemed to be reserves for purposes of such Act.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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