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H.R. 5746: Industrial Bank Holding Company Act of 2006

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H.R. 5746: Industrial Bank Holding Company Act of 2006

109th Congress · introduced 2006-07-10 · Finance and Financial Sector · Latest: Referred to the House Committee on Financial Services.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2006-07-10 · official record
  2. Who proposed it: Rep. Gillmor, Paul E. [R-OH-5] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the House Committee on Financial Services. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Industrial Bank Holding Company Act of 2006

Plain summary

Industrial Bank Holding Company Act of 2006 - Requires an industrial bank holding company to register and file certain reports with the Federal Deposit Insurance Corporation (FDIC) within ninety days after becoming an industrial bank holding company Prohibits such holding company from being controlled by a commercial firm. Grandfathers certain institutions to exempt them from the requirements of this Act.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Industrial Bank Holding Company Act of 2006

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Gillmor, Paul E. [R-OH-5] · 56 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

James P. McGovern (D-MA), Gwen Moore (D-WI), Diana DeGette (D-CO), Doris O. Matsui (D-CA), Betty McCollum (D-MN), Robert B. Aderholt (R-AL), Linda T. Sánchez (D-CA), Bernard Sanders (I-VT), Roger F. Wicker (R-MS), Jerry Moran (R-KS), Adam B. Schiff (D-CA), Tammy Baldwin (D-WI)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Exemption
A rule that removes certain people, property or activities from a tax or requirement.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong109-hr5746 · catalog fed-us-congress-bills-cong109 · updated 2026-11-15 by psicol fed-bills-cong109