Please help us! Donate
Key Votes
HR 10 - Financial Modernization bill - Key Vote
National Key Votes
Mary Bono Mack voted Yea (Passage) on this Legislation.
Read statements Mary Bono Mack 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 Result
Yea Votes
Nay Votes
Vote to pass a bill that allows for mergers between banks, insurance companies, securities firms and other financial services.
- 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) (Out Of Office)
- 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)
