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Considers H.R. 7372, to eliminate Bank Holding Company Act exemptions for those companies registered under the Investment Company Act. The exemptions were used only by Financial General Corp. which controlled 26 banks, insurance companies, and mortgage companies.
Considers S. 2353 and related bills, to amend the Bank Holding Company Act by redefining "bank holding company" and by eliminating the one-bank exemption for bank ownership by non-banking concerns.