Key Votes
National Key Votes
HR 10 - Financial Modernization bill - Key Vote
Ron Paul voted Nay (Passage) on this legislation.
Read recent statements Ron Paul made in this general time period.
Stages
- July 12, 1999 Senate Placed on Calendar
- July 1, 1999 House Bill Passed
- Jan. 6, 1999 House Introduced
Family
Issues
Stage Details
Legislation - Placed on Calendar (Senate) - July 12, 1999
Legislation - Bill Passed (House) - 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.
Highlight: -Allows merging companies to form as a financial holding company or an operating subsidiary -Bars 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 -Bars 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)
- 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)
