Key Votes
HR 10 - Financial Modernization bill - Key Vote
National Key Votes
Dan Burton voted Yea (Passage) on this legislation.
Read recent statements Dan Burton made in this general time period.
Stages
Family
Issues
Stage Details
Legislation - Placed on Calendar (Senate) - July 12, 1999
Legislation - Bill Passed (House) (343-86) - July 1, 1999 (Key vote)
Title: Financial Modernization bill
Vote Smart's Synopsis:
Vote to pass a bill that allows for mergers between banks, insurance companies, securities firms and other financial services.
Highlights:
- Allows merging companies to form as a financial holding company or an operating subsidiary.
- Prohibits a wholesale financial institution, an uninsured bank, from receiving deposits of less than $100,000.
- Requires banks to disclose any fees for use of their automated teller machines (ATMs).
- Prohibits states from enacting laws and regulations that impede a company's ability to sell insurance.
- Prohibits insurance companies from discriminating against domestic violence victims.
- Prohibits financial companies from releasing a customer's financial information to third parties without the customer's approval.
- Stipulates that the Federal Reserve must hold hearings in certain cities affected by the merging of banks that possess over $1 billion in assets.
Sponsors
- James A. 'Jim' Leach (IA - R) (Out Of Office)
Co-sponsors
- Spencer T. Bachus (AL - R)
- Richard Hugh Baker (LA - R) (Out Of Office)
- Michael N. 'Mike' Castle (DE - R) (Out Of Office)
- Merrill A. Cook (UT - R) (Out Of Office)
- Sue W. Kelly (NY - R) (Out Of Office)
- Peter T. 'Pete' King (NY - R)
- Steven C. 'Steve' LaTourette (OH - R) (Out Of Office)
- Rick A. Lazio (NY - ) (Out Of Office)
- James H. 'Jim' Maloney (CT - D) (Out Of Office)
- Bill McCollum (FL - R) (Out Of Office)
- Robert William 'Bob' Ney (OH - R) (Out Of Office)
- Marge S. Roukema (NJ - R) (Out Of Office)
