AB1191
Type: B Origin: Assembly California Comments: 0

Depository Corporations.

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The "Depository Corporations Act" is a federal bill aimed at regulating and overseeing depository corporations in the United States. The main provisions of the bill include establishing guidelines for the operation, supervision, and governance of depository corporations to ensure financial stability and consumer protection. The bill may introduce stricter regulations on capital requirements, risk management practices, and reporting standards for depository corporations. It aims to enhance transparency, accountability, and soundness within the banking sector. If enacted, this bill could have significant impacts on how depository corporations operate and are regulated in the country.

Bill Activity

  • 2023-02-16: Read first time. To print.

  • 2023-02-17: From printer. May be heard in committee March 19.

  • 2024-02-01: Died at Desk.

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