Senator Richard Bryan's Amendment to the Bank Holding Company Act of 1956


February 11, 1999

Section 2(c)(2)(F)(i) of the Bank Holding Company Act of 1956 (12 U.S.C. Sect. 1841 (c)(2) (F)(i) is amended by deleting the ";" at the end and inserting the following:

For section 2(c)(2)(F)(i): "and in making and purchasing loans that help to meet the credit needs of low- and moderate-income persons and neighborhoods or that promote economic development by financing small businesses or farms, consistent with the safe and sound operations of such institution, so long as such loans do not exceed one percent of the institution's assets."

Section 2(c)(2)(F)(v) of the Bank Holding Company Act of 1956 (12 U.S.C. Sect. 1841 (c)(2) (F)(v) is amended by deleting the ";" at the end and inserting the following:

For section 2(c)(2)(F)(v): "except by making and purchasing loans that help to meet the credit needs of low- and moderate-income persons and neighborhoods or that promote economic development by financing small businesses or farms, consistent with the safe and sound operations of such institution, so long as such loans do not exceed one percent of the institution's assets."

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