May 13, 1998(Key vote)
Title: Enhance Banking Flexibility Amendment
- Allows states to place exemptions for banks regarding acquiring insurance institutions.
- Mandates a study be done on banking and insurance transactions after HR 10 takes effect.
- Prohibits the sale of unitary thrift to unregulated firms that do not deal in finance.
- Revokes the Community Reinvestment Act for smaller banking institutions.