Industrial Bank Holding Company Act of 2007

To amend the Federal Deposit Insurance Act to establish industrial bank holding company regulation, and for other purposes.

5/21/2007--Passed House amended. Industrial Bank Holding Company Act of 2007 - Amends the Federal Deposit Insurance Act (FDIA) to apply the bank share or asset acquisition requirements of the Bank Holding Company Act of 1956 to any company that is or would become an industrial bank holding company. States that an application filed to acquire control of an industrial bank shall be treated as an application for a deposit facility. Subjects an industrial bank to Federal Deposit Insurance Corporation (FDIC) requirements regarding registration, reporting, and bank examinations. Authorizes the FDIC to accept reports that an industrial bank holding company or its subsidiary has provided to another federal or state supervisor or to any appropriate self-regulatory organization. Prohibits the FDIC from imposing any capital or capital adequacy rules, guidelines, standards, or requirements on any functionally regulated affiliate of any depository institution controlled by an industrial bank holding company that:
(1) is not a depository institution; but
(2) is in compliance with applicable capital requirements, and is properly registered as an investment adviser or licensed as an insurance agent. States that such prohibition shall not be construed as preventing the FDIC from imposing capital or capital adequacy regulations regarding:
(1) activities of a registered investment adviser other than with respect to investment advisory activities or activities incidental to investment advisory activities; or
(2) activities of a licensed insurance agent other than insurance agency activities or activities incidental to insurance agency activities. Requires a federal supervisory agency of an industrial bank holding company to:
(1) forego, to the fullest extent possible, any examination of any depository institution subsidiary of the holding company; and
(2) use the reports of examinations of the institution made by the appropriate federal or state regulatory agency in lieu of a direct examination. Authorizes the FDIC to require from either a regulatory agency or a holding company that controls an industrial bank any information necessary to:
(1) assess risk to the industrial bank; or
(2) determine its condition. Prohibits the construction of any law as preventing the FDIC from examining an industrial bank affiliate in order to disclose fully the effect of its relationship with the bank, if the FDIC finds it necessary to determine an industrial bank's condition. Prohibits an industrial bank from being controlled, directly or indirectly, by a commercial firm. Exempts certain grandfathered institutions and corporate reorganizations. Prescribes activity and branching limitations affecting industrial bank subsidiaries of certain commercial firms. Sets forth transition requirements for divestiture by a non-complying commercial firm of ownership or control of industrial bank subsidiary. Authorizes a federal supervisory agency to order a holding company or a nonbank subsidiary to terminate an activity or its ownership or control over certain depository institution subsidiaries if the activity or ownership or control of a nonbank subsidiary (other than a depository institution's nonbank subsidiary) represents a serious risk to a depository institution subsidiary of the holding company. Prohibits any foreign bank, after January 28, 2007, from acquiring direct or indirect control of an industrial bank unless the Board of Governors of the Federal Reserve System (Federal Reserve Board) has determined that the foreign bank is subject to comprehensive supervision or regulation on a consolidated basis by the appropriate authorities in the bank's home country. Requires the Federal Reserve Board to make such a determination jointly with the Director of Office of Thrift Supervision in the case of a foreign bank that is a savings and loan holding company. Requires a holding company of an industrial bank to serve as a source of financial and managerial strength to its subsidiary banks. Prohibits such holding company from conducting its operations in an unsafe or unsound manner. Declares FDIC enforcement provisions, particularly cease-and-desist proceedings, applicable to an industrial bank holding company and its nonbank subsidiaries in the same manner as such provisions apply to state nonmember insured banks. Subjects industrial bank holding companies to the prompt corrective action requirements of the FDIA. Authorizes the appropriate federal banking agency to prohibit any industrial bank holding company having control of the insured depository institution from making any capital distribution without prior FDIC approval if such industrial bank holding company is significantly undercapitalized and fails to submit and implement capital restoration plans.


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Sponsor

• Rep. Paul Gillmor [R, OH-5]
• and 145 Co-Sponsors
  • Rep. Neil Abercrombie [D, HI-1]
  • Rep. Robert Aderholt [R, AL-4]
  • Rep. Rodney Alexander [R, LA-5]
  • Rep. Jason Altmire [D, PA-4]
  • Rep. Brian Baird [D, WA-3]
  • Rep. Tammy Baldwin [D, WI-2]
  • Rep. James Barrett [R, SC-3]
  • Rep. John Barrow [D, GA-12]
  • Rep. Roscoe Bartlett [R, MD-6]
  • Rep. Shelley Berkley [D, NV-1]
  • Rep. Sanford Bishop [D, GA-2]
  • Rep. Earl Blumenauer [D, OR-3]
  • Rep. Roy Blunt [R, MO-7]
  • Rep. Dan Boren [D, OK-2]
  • Rep. Leonard Boswell [D, IA-3]
  • Rep. Frederick Boucher [D, VA-9]
  • Rep. Nancy Boyda [D, KS-2]
  • Rep. Bruce Braley [D, IA-1]
  • Rep. Michael Burgess [R, TX-26]
  • Rep. Lois Capps [D, CA-23]
  • Rep. Michael Capuano [D, MA-8]
  • Rep. Dennis Cardoza [D, CA-18]
  • Rep. Russ Carnahan [D, MO-3]
  • Rep. Christopher Carney [D, PA-10]
  • Rep. Julia Carson [D, IN-7]
  • Rep. Kathy Castor [D, FL-11]
  • Rep. Ben Chandler [D, KY-6]
  • Rep. Howard Coble [R, NC-6]
  • Rep. Lincoln Davis [D, TN-4]
  • Rep. Nathan Deal [R, GA-9]
  • Rep. Peter DeFazio [D, OR-4]
  • Rep. Diana DeGette [D, CO-1]
  • Rep. William Delahunt [D, MA-10]
  • Rep. Lloyd Doggett [D, TX-25]
  • Rep. Michael Doyle [D, PA-14]
  • Rep. Thomas Edwards [D, TX-17]
  • Rep. Keith Ellison [D, MN-5]
  • Rep. Anna Eshoo [D, CA-14]
  • Rep. Bob Etheridge [D, NC-2]
  • Rep. Mary Fallin [R, OK-5]
  • Rep. Sam Farr [D, CA-17]
  • Rep. Bob Filner [D, CA-51]
  • Rep. Jeffrey Fortenberry [R, NE-1]
  • Rep. Virginia Foxx [R, NC-5]
  • Rep. Barney Frank [D, MA-4]
  • Rep. Jim Gerlach [R, PA-6]
  • Rep. Gabrielle Giffords [D, AZ-8]
  • Rep. Wayne Gilchrest [R, MD-1]
  • Rep. Louis Gohmert [R, TX-1]
  • Rep. Virgil Goode [R, VA-5]
  • Rep. Barton Gordon [D, TN-6]
  • Rep. Al Green [D, TX-9]
  • Rep. Raul Grijalva [D, AZ-7]
  • Rep. Luis Gutierrez [D, IL-4]
  • Rep. Phil Hare [D, IL-17]
  • Rep. Jane Harman [D, CA-36]
  • Rep. Robin Hayes [R, NC-8]
  • Rep. Stephanie Herseth Sandlin [D, SD-0]
  • Rep. Paul Hodes [D, NH-2]
  • Rep. Peter Hoekstra [R, MI-2]
  • Rep. Tim Holden [D, PA-17]
  • Rep. Rush Holt [D, NJ-12]
  • Rep. Darlene Hooley [D, OR-5]
  • Rep. Bobby Jindal [R, LA-1]
  • Rep. Eddie Johnson [D, TX-30]
  • Rep. Timothy Johnson [R, IL-15]
  • Rep. Stephanie Jones [D, OH-11]
  • Rep. Jim Jordan [R, OH-4]
  • Rep. Steve Kagen [D, WI-8]
  • Rep. Ray LaHood [R, IL-18]
  • Rep. Doug Lamborn [R, CO-5]
  • Rep. Thomas Latham [R, IA-4]
  • Rep. Steven LaTourette [R, OH-14]
  • Rep. John Lewis [D, GA-5]
  • Rep. David Loebsack [D, IA-2]
  • Rep. Frank Lucas [R, OK-3]
  • Rep. Stephen Lynch [D, MA-9]
  • Rep. Carolyn Maloney [D, NY-14]
  • Rep. Donald Manzullo [R, IL-16]
  • Rep. James Marshall [D, GA-8]
  • Rep. Doris Matsui [D, CA-5]
  • Rep. Carolyn McCarthy [D, NY-4]
  • Rep. Betty McCollum [D, MN-4]
  • Rep. James McGovern [D, MA-3]
  • Rep. Jerry McNerney [D, CA-11]
  • Rep. Michael Michaud [D, ME-2]
  • Rep. George Miller [D, CA-7]
  • Rep. R. Bradley Miller [D, NC-13]
  • Rep. Jeff Miller [R, FL-1]
  • Rep. Gwen Moore [D, WI-4]
  • Rep. Jerry Moran [R, KS-1]
  • Rep. James Moran [D, VA-8]
  • Rep. Patrick Murphy [D, PA-8]
  • Rep. John Murtha [D, PA-12]
  • Rep. Marilyn Musgrave [R, CO-4]
  • Rep. Sue Myrick [R, NC-9]
  • Rep. Richard Neal [D, MA-2]
  • Rep. Eleanor Norton [D, DC-0]
  • Rep. James Oberstar [D, MN-8]
  • Rep. William Pascrell [D, NJ-8]
  • Rep. Steven Pearce [R, NM-2]
  • Rep. Ed Perlmutter [D, CO-7]
  • Rep. Collin Peterson [D, MN-7]
  • Rep. Todd Platts [R, PA-19]
  • Rep. Earl Pomeroy [D, ND-0]
  • Rep. David Price [D, NC-4]
  • Rep. Nick Rahall [D, WV-3]
  • Rep. Dennis Rehberg [R, MT-0]
  • Rep. Rick Renzi [R, AZ-1]
  • Rep. Michael Rogers [R, AL-3]
  • Rep. Mike Ross [D, AR-4]
  • Rep. Steven Rothman [D, NJ-9]
  • Rep. Timothy Ryan [D, OH-17]
  • Rep. John Salazar [D, CO-3]
  • Rep. Loretta Sanchez [D, CA-47]
  • Rep. Janice Schakowsky [D, IL-9]
  • Rep. Adam Schiff [D, CA-29]
  • Rep. Allyson Schwartz [D, PA-13]
  • Rep. Joe Sestak [D, PA-7]
  • Rep. Brad Sherman [D, CA-27]
  • Rep. Albio Sires [D, NJ-13]
  • Rep. Christopher Smith [R, NJ-4]
  • Rep. Adrian Smith [R, NE-3]
  • Rep. Zackary Space [D, OH-18]
  • Rep. Betty Sutton [D, OH-13]
  • Rep. Lee Terry [R, NE-2]
  • Rep. William Thornberry [R, TX-13]
  • Rep. John Tierney [D, MA-6]
  • Rep. Michael Turner [R, OH-3]
  • Rep. Mark Udall [D, CO-2]
  • Rep. Nydia Velazquez [D, NY-12]
  • Rep. Timothy Walz [D, MN-1]
  • Rep. Zach Wamp [R, TN-3]
  • Rep. Debbie Wasserman Schultz [D, FL-20]
  • Rep. Diane Watson [D, CA-33]
  • Rep. Peter Welch [D, VT-0]
  • Rep. Robert Wexler [D, FL-19]
  • Rep. Edward Whitfield [R, KY-1]
  • Rep. Roger Wicker [R, MS-1]
  • Rep. Charles Wilson [D, OH-6]
  • Rep. Heather Wilson [R, NM-1]
  • Rep. Frank Wolf [R, VA-10]
  • Rep. Lynn Woolsey [D, CA-6]
  • Rep. Albert Wynn [D, MD-4]
  • Rep. John Yarmuth [D, KY-3]
  close

Committees

• Senate Banking, Housing, and Urban Affairs
• 1 more
  • House Financial Services
  close

Amendments

This bill has no amendments.

Amendments to H.R.698

Number	Status	Purpose

Bill Status

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Introduced		Voted on by House		Voted on by Senate		Considered By President		Bill Becomes Law
January 29, 2007		May 21, 2007

Latest Vote

May 21, 2007Roll call number 384 in the House
Question: On Motion to Suspend the Rules and Pass, as Amended: H R 698 Industrial Bank Holding Company Act
Required percentage of 'Aye' votes: 2/3 (66%)	Percentage of 'aye' votes: 85%	Result: Passed

Democrats Voting 'Aye'

Close

Rep. Neil Abercrombie [D, HI-1]
Rep. Gary Ackerman [D, NY-5]
Rep. Thomas Allen [D, ME-1]
Rep. Jason Altmire [D, PA-4]
Rep. Robert Andrews [D, NJ-1]
Rep. Michael Arcuri [D, NY-24]
Rep. Joe Baca [D, CA-43]
Rep. Tammy Baldwin [D, WI-2]
Rep. John Barrow [D, GA-12]
Rep. Melissa Bean [D, IL-8]
Rep. Xavier Becerra [D, CA-31]
Rep. Shelley Berkley [D, NV-1]
Rep. Howard Berman [D, CA-28]
Rep. Robert Berry [D, AR-1]
Rep. Sanford Bishop [D, GA-2]
Rep. Timothy Bishop [D, NY-1]
Rep. Dan Boren [D, OK-2]
Rep. Leonard Boswell [D, IA-3]
Rep. Frederick Boucher [D, VA-9]
Rep. F. Allen Boyd [D, FL-2]
Rep. Nancy Boyda [D, KS-2]
Rep. Robert Brady [D, PA-1]
Rep. Bruce Braley [D, IA-1]
Rep. George Butterfield [D, NC-1]
Rep. Lois Capps [D, CA-23]
Rep. Michael Capuano [D, MA-8]
Rep. Dennis Cardoza [D, CA-18]
Rep. Russ Carnahan [D, MO-3]
Rep. Christopher Carney [D, PA-10]
Rep. Kathy Castor [D, FL-11]
Rep. Ben Chandler [D, KY-6]
Rep. Yvette Clarke [D, NY-11]
Rep. Emanuel Cleaver [D, MO-5]
Rep. James Clyburn [D, SC-6]
Rep. Steve Cohen [D, TN-9]
Rep. John Conyers [D, MI-14]
Rep. Jim Cooper [D, TN-5]
Rep. Jim Costa [D, CA-20]
Rep. Joe Courtney [D, CT-2]
Rep. Robert Cramer [D, AL-5]
Rep. Joseph Crowley [D, NY-7]
Rep. Henry Cuellar [D, TX-28]
Rep. Elijah Cummings [D, MD-7]
Rep. Artur Davis [D, AL-7]
Rep. Danny Davis [D, IL-7]
Rep. Lincoln Davis [D, TN-4]
Rep. Susan Davis [D, CA-53]
Rep. Peter DeFazio [D, OR-4]
Rep. William Delahunt [D, MA-10]
Rep. Rosa DeLauro [D, CT-3]
Rep. Norman Dicks [D, WA-6]
Rep. John Dingell [D, MI-15]
Rep. Joe Donnelly [D, IN-2]
Rep. Michael Doyle [D, PA-14]
Rep. Thomas Edwards [D, TX-17]
Rep. Keith Ellison [D, MN-5]
Rep. Brad Ellsworth [D, IN-8]
Rep. Rahm Emanuel [D, IL-5]
Rep. Eliot Engel [D, NY-17]
Rep. Anna Eshoo [D, CA-14]
Rep. Bob Etheridge [D, NC-2]
Rep. Sam Farr [D, CA-17]
Rep. Chaka Fattah [D, PA-2]
Rep. Bob Filner [D, CA-51]
Rep. Barney Frank [D, MA-4]
Rep. Gabrielle Giffords [D, AZ-8]
Rep. Kirsten Gillibrand [D, NY-20]
Rep. Charles Gonzalez [D, TX-20]
Rep. Barton Gordon [D, TN-6]
Rep. Raymond Green [D, TX-29]
Rep. Al Green [D, TX-9]
Rep. Raul Grijalva [D, AZ-7]
Rep. John Hall [D, NY-19]
Rep. Phil Hare [D, IL-17]
Rep. Jane Harman [D, CA-36]
Rep. Alcee Hastings [D, FL-23]
Rep. Stephanie Herseth Sandlin [D, SD-0]
Rep. Brian Higgins [D, NY-27]
Rep. Baron Hill [D, IN-9]
Rep. Maurice Hinchey [D, NY-22]
Rep. Mazie Hirono [D, HI-2]
Rep. Paul Hodes [D, NH-2]
Rep. Tim Holden [D, PA-17]
Rep. Rush Holt [D, NJ-12]
Rep. Michael Honda [D, CA-15]
Rep. Darlene Hooley [D, OR-5]
Rep. Steny Hoyer [D, MD-5]
Rep. Jay Inslee [D, WA-1]
Rep. Steve Israel [D, NY-2]
Rep. Jesse Jackson [D, IL-2]
Rep. Sheila Jackson-Lee [D, TX-18]
Rep. William Jefferson [D, LA-2]
Rep. Eddie Johnson [D, TX-30]
Rep. Steve Kagen [D, WI-8]
Rep. Paul Kanjorski [D, PA-11]
Rep. Marcy Kaptur [D, OH-9]
Rep. Patrick Kennedy [D, RI-1]
Rep. Dale Kildee [D, MI-5]
Rep. Carolyn Kilpatrick [D, MI-13]
Rep. Ron Klein [D, FL-22]
Rep. Dennis Kucinich [D, OH-10]
Rep. Nicholas Lampson [D, TX-22]
Rep. James Langevin [D, RI-2]
Rep. Tom Lantos [D, CA-12]
Rep. Rick Larsen [D, WA-2]
Rep. John Larson [D, CT-1]
Rep. Barbara Lee [D, CA-9]
Rep. Sander Levin [D, MI-12]
Rep. John Lewis [D, GA-5]
Rep. Daniel Lipinski [D, IL-3]
Rep. David Loebsack [D, IA-2]
Rep. Nita Lowey [D, NY-18]
Rep. Stephen Lynch [D, MA-9]
Rep. Tim Mahoney [D, FL-16]
Rep. Carolyn Maloney [D, NY-14]
Rep. Edward Markey [D, MA-7]
Rep. James Marshall [D, GA-8]
Rep. Doris Matsui [D, CA-5]
Rep. Carolyn McCarthy [D, NY-4]
Rep. Betty McCollum [D, MN-4]
Rep. James McDermott [D, WA-7]
Rep. James McGovern [D, MA-3]
Rep. Mike McIntyre [D, NC-7]
Rep. Jerry McNerney [D, CA-11]
Rep. Michael McNulty [D, NY-21]
Rep. Martin Meehan [D, MA-5]
Rep. Kendrick Meek [D, FL-17]
Rep. Gregory Meeks [D, NY-6]
Rep. Charles Melancon [D, LA-3]
Rep. Michael Michaud [D, ME-2]
Rep. George Miller [D, CA-7]
Rep. R. Bradley Miller [D, NC-13]
Rep. Harry Mitchell [D, AZ-5]
Rep. Alan Mollohan [D, WV-1]
Rep. Dennis Moore [D, KS-3]
Rep. Gwen Moore [D, WI-4]
Rep. James Moran [D, VA-8]
Rep. Christopher Murphy [D, CT-5]
Rep. Patrick Murphy [D, PA-8]
Rep. Jerrold Nadler [D, NY-8]
Rep. Grace Napolitano [D, CA-38]
Rep. Richard Neal [D, MA-2]
Rep. James Oberstar [D, MN-8]
Rep. David Obey [D, WI-7]
Rep. John Olver [D, MA-1]
Rep. Solomon Ortiz [D, TX-27]
Rep. Frank Pallone [D, NJ-6]
Rep. William Pascrell [D, NJ-8]
Rep. Edward Pastor [D, AZ-4]
Rep. Donald Payne [D, NJ-10]
Rep. Ed Perlmutter [D, CO-7]
Rep. Collin Peterson [D, MN-7]
Rep. Earl Pomeroy [D, ND-0]
Rep. David Price [D, NC-4]
Rep. Nick Rahall [D, WV-3]
Rep. Charles Rangel [D, NY-15]
Rep. Silvestre Reyes [D, TX-16]
Rep. Ciro Rodriguez [D, TX-23]
Rep. Mike Ross [D, AR-4]
Rep. Steven Rothman [D, NJ-9]
Rep. Lucille Roybal-Allard [D, CA-34]
Rep. C.A. Dutch Ruppersberger [D, MD-2]
Rep. Timothy Ryan [D, OH-17]
Rep. John Salazar [D, CO-3]
Rep. Linda Sanchez [D, CA-39]
Rep. John Sarbanes [D, MD-3]
Rep. Janice Schakowsky [D, IL-9]
Rep. Adam Schiff [D, CA-29]
Rep. Allyson Schwartz [D, PA-13]
Rep. David Scott [D, GA-13]
Rep. Robert Scott [D, VA-3]
Rep. José Serrano [D, NY-16]
Rep. Joe Sestak [D, PA-7]
Rep. Carol Shea-Porter [D, NH-1]
Rep. Brad Sherman [D, CA-27]
Rep. Heath Shuler [D, NC-11]
Rep. Albio Sires [D, NJ-13]
Rep. Ike Skelton [D, MO-4]
Rep. Louise Slaughter [D, NY-28]
Rep. Adam Smith [D, WA-9]
Rep. Victor Snyder [D, AR-2]
Rep. Hilda Solis [D, CA-32]
Rep. Zackary Space [D, OH-18]
Rep. John Spratt [D, SC-5]
Rep. Fortney Stark [D, CA-13]
Rep. Betty Sutton [D, OH-13]
Rep. Ellen Tauscher [D, CA-10]
Rep. Gene Taylor [D, MS-4]
Rep. Bennie Thompson [D, MS-2]
Rep. C. Michael Thompson [D, CA-1]
Rep. John Tierney [D, MA-6]
Rep. Mark Udall [D, CO-2]
Rep. Tom Udall [D, NM-3]
Rep. Christopher Van Hollen [D, MD-8]
Rep. Nydia Velazquez [D, NY-12]
Rep. Peter Visclosky [D, IN-1]
Rep. Timothy Walz [D, MN-1]
Rep. Debbie Wasserman Schultz [D, FL-20]
Rep. Maxine Waters [D, CA-35]
Rep. Diane Watson [D, CA-33]
Rep. Melvin Watt [D, NC-12]
Rep. Henry Waxman [D, CA-30]
Rep. Anthony Weiner [D, NY-9]
Rep. Peter Welch [D, VT-0]
Rep. Charles Wilson [D, OH-6]
Rep. Lynn Woolsey [D, CA-6]
Rep. David Wu [D, OR-1]
Rep. Albert Wynn [D, MD-4]
Rep. John Yarmuth [D, KY-3]

Close

Republicans Voting 'Aye'

Close

Rep. Robert Aderholt [R, AL-4]
Rep. Rodney Alexander [R, LA-5]
Rep. Michele Bachmann [R, MN-6]
Rep. Spencer Bachus [R, AL-6]
Rep. James Barrett [R, SC-3]
Rep. Roscoe Bartlett [R, MD-6]
Rep. Joe Barton [R, TX-6]
Rep. Judy Biggert [R, IL-13]
Rep. Brian Bilbray [R, CA-50]
Rep. Gus Bilirakis [R, FL-9]
Rep. Marsha Blackburn [R, TN-7]
Rep. Roy Blunt [R, MO-7]
Rep. John Boehner [R, OH-8]
Rep. Jo Bonner [R, AL-1]
Rep. Mary Bono Mack [R, CA-45]
Rep. John Boozman [R, AR-3]
Rep. Charles Boustany [R, LA-7]
Rep. Henry Brown [R, SC-1]
Rep. Virginia Brown-Waite [R, FL-5]
Rep. Michael Burgess [R, TX-26]
Rep. Dan Burton [R, IN-5]
Rep. Ken Calvert [R, CA-44]
Rep. David Camp [R, MI-4]
Rep. Eric Cantor [R, VA-7]
Rep. Shelley Capito [R, WV-2]
Rep. John Carter [R, TX-31]
Rep. Michael Castle [R, DE-0]
Rep. Steven Chabot [R, OH-1]
Rep. Howard Coble [R, NC-6]
Rep. Tom Cole [R, OK-4]
Rep. K. Michael Conaway [R, TX-11]
Rep. Ander Crenshaw [R, FL-4]
Rep. Barbara Cubin [R, WY-0]
Rep. John Culberson [R, TX-7]
Rep. Jo Ann Davis [R, VA-1]
Rep. Thomas Davis [R, VA-11]
Rep. David Davis [R, TN-1]
Rep. Nathan Deal [R, GA-9]
Rep. Charles Dent [R, PA-15]
Rep. Mario Diaz-Balart [R, FL-25]
Rep. John Doolittle [R, CA-4]
Rep. Thelma Drake [R, VA-2]
Rep. David Dreier [R, CA-26]
Rep. John Duncan [R, TN-2]
Rep. Vernon Ehlers [R, MI-3]
Rep. Jo Ann Emerson [R, MO-8]
Rep. Philip English [R, PA-3]
Rep. Terry Everett [R, AL-2]
Rep. Mary Fallin [R, OK-5]
Rep. Michael Ferguson [R, NJ-7]
Rep. James Forbes [R, VA-4]
Rep. Vito Fossella [R, NY-13]
Rep. Virginia Foxx [R, NC-5]
Rep. Rodney Frelinghuysen [R, NJ-11]
Rep. Elton Gallegly [R, CA-24]
Rep. E. Scott Garrett [R, NJ-5]
Rep. Wayne Gilchrest [R, MD-1]
Rep. Paul Gillmor [R, OH-5]
Rep. Louis Gohmert [R, TX-1]
Rep. Virgil Goode [R, VA-5]
Rep. Robert Goodlatte [R, VA-6]
Rep. Kay Granger [R, TX-12]
Rep. Samuel Graves [R, MO-6]
Rep. Ralph Hall [R, TX-4]
Rep. Doc Hastings [R, WA-4]
Rep. Robin Hayes [R, NC-8]
Rep. Dean Heller [R, NV-2]
Rep. Jeb Hensarling [R, TX-5]
Rep. Walter Herger [R, CA-2]
Rep. David Hobson [R, OH-7]
Rep. Peter Hoekstra [R, MI-2]
Rep. Bob Inglis [R, SC-4]
Rep. Bobby Jindal [R, LA-1]
Rep. Samuel Johnson [R, TX-3]
Rep. Timothy Johnson [R, IL-15]
Rep. Walter Jones [R, NC-3]
Rep. Jim Jordan [R, OH-4]
Rep. Ric Keller [R, FL-8]
Rep. Steve King [R, IA-5]
Rep. Jack Kingston [R, GA-1]
Rep. John Kline [R, MN-2]
Rep. Joseph Knollenberg [R, MI-9]
Rep. John Kuhl [R, NY-29]
Rep. Doug Lamborn [R, CO-5]
Rep. Thomas Latham [R, IA-4]
Rep. Steven LaTourette [R, OH-14]
Rep. Jerry Lewis [R, CA-41]
Rep. Ron Lewis [R, KY-2]
Rep. John Linder [R, GA-7]
Rep. Frank LoBiondo [R, NJ-2]
Rep. Frank Lucas [R, OK-3]
Rep. Daniel Lungren [R, CA-3]
Rep. Donald Manzullo [R, IL-16]
Rep. Kevin McCarthy [R, CA-22]
Rep. Michael McCaul [R, TX-10]
Rep. Thaddeus McCotter [R, MI-11]
Rep. James McCrery [R, LA-4]
Rep. Patrick Mchenry [R, NC-10]
Rep. John McHugh [R, NY-23]
Rep. Howard McKeon [R, CA-25]
Rep. John Mica [R, FL-7]
Rep. Candice Miller [R, MI-10]
Rep. Gary Miller [R, CA-42]
Rep. Jeff Miller [R, FL-1]
Rep. Jerry Moran [R, KS-1]
Rep. Tim Murphy [R, PA-18]
Rep. Marilyn Musgrave [R, CO-4]
Rep. Sue Myrick [R, NC-9]
Rep. Randy Neugebauer [R, TX-19]
Rep. Devin Nunes [R, CA-21]
Rep. Ronald Paul [R, TX-14]
Rep. Steven Pearce [R, NM-2]
Rep. Thomas Petri [R, WI-6]
Rep. Charles Pickering [R, MS-3]
Rep. Joseph Pitts [R, PA-16]
Rep. Todd Platts [R, PA-19]
Rep. Jon Porter [R, NV-3]
Rep. Tom Price [R, GA-6]
Rep. Deborah Pryce [R, OH-15]
Rep. Adam Putnam [R, FL-12]
Rep. George Radanovich [R, CA-19]
Rep. James Ramstad [R, MN-3]
Rep. Ralph Regula [R, OH-16]
Rep. Dennis Rehberg [R, MT-0]
Rep. Dave Reichert [R, WA-8]
Rep. Rick Renzi [R, AZ-1]
Rep. Thomas Reynolds [R, NY-26]
Rep. Harold Rogers [R, KY-5]
Rep. Michael Rogers [R, AL-3]
Rep. Michael Rogers [R, MI-8]
Rep. Peter Roskam [R, IL-6]
Rep. Ileana Ros-Lehtinen [R, FL-18]
Rep. Paul Ryan [R, WI-1]
Rep. Bill Sali [R, ID-1]
Rep. H. James Saxton [R, NJ-3]
Rep. Jean Schmidt [R, OH-2]
Rep. F. James Sensenbrenner [R, WI-5]
Rep. Peter Sessions [R, TX-32]
Rep. William Shuster [R, PA-9]
Rep. Christopher Smith [R, NJ-4]
Rep. Lamar Smith [R, TX-21]
Rep. Adrian Smith [R, NE-3]
Rep. Mark Souder [R, IN-3]
Rep. Clifford Stearns [R, FL-6]
Rep. Thomas Tancredo [R, CO-6]
Rep. Lee Terry [R, NE-2]
Rep. William Thornberry [R, TX-13]
Rep. Todd Tiahrt [R, KS-4]
Rep. Patrick Tiberi [R, OH-12]
Rep. Michael Turner [R, OH-3]
Rep. Timothy Walberg [R, MI-7]
Rep. Greg Walden [R, OR-2]
Rep. James Walsh [R, NY-25]
Rep. David Weldon [R, FL-15]
Rep. Gerald Weller [R, IL-11]
Rep. Edward Whitfield [R, KY-1]
Rep. Roger Wicker [R, MS-1]
Rep. Addison Wilson [R, SC-2]
Rep. Heather Wilson [R, NM-1]
Rep. Frank Wolf [R, VA-10]
Rep. C. W. Bill Young [R, FL-10]
Rep. Donald Young [R, AK-0]

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Others Voting 'Aye'

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Democrats Voting 'Nay'

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Rep. Jim Matheson [D, UT-2]

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Republicans Voting 'Nay'

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Rep. Richard Baker [R, LA-6]
Rep. Rob Bishop [R, UT-1]
Rep. John Campbell [R, CA-48]
Rep. Christopher Cannon [R, UT-3]
Rep. Tom Feeney [R, FL-24]
Rep. Jeff Flake [R, AZ-6]
Rep. Trent Franks [R, AZ-2]
Rep. J. Dennis Hastert [R, IL-14]
Rep. Darrell Issa [R, CA-49]
Rep. Connie Mack [R, FL-14]
Rep. Ted Poe [R, TX-2]
Rep. Dana Rohrabacher [R, CA-46]
Rep. Edward Royce [R, CA-40]
Rep. John Shadegg [R, AZ-3]
Rep. Lynn Westmoreland [R, GA-3]

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Others Voting 'Nay'

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Democrats Voting 'Abstain'

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Rep. Brian Baird [D, WA-3]
Rep. Earl Blumenauer [D, OR-3]
Rep. Corrine Brown [D, FL-3]
Rep. Julia Carson [D, IN-7]
Rep. William Clay [D, MO-1]
Rep. Jerry Costello [D, IL-12]
Rep. Diana DeGette [D, CO-1]
Rep. Lloyd Doggett [D, TX-25]
Rep. Luis Gutierrez [D, IL-4]
Rep. Rubén Hinojosa [D, TX-15]
Rep. Henry Johnson [D, GA-4]
Rep. Stephanie Jones [D, OH-11]
Rep. Ronald Kind [D, WI-3]
Rep. Zoe Lofgren [D, CA-16]
Rep. John Murtha [D, PA-12]
Rep. Bobby Rush [D, IL-1]
Rep. Loretta Sanchez [D, CA-47]
Rep. Bart Stupak [D, MI-1]
Rep. John Tanner [D, TN-8]
Rep. Edolphus Towns [D, NY-10]
Rep. Robert Wexler [D, FL-19]

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Republicans Voting 'Abstain'

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Rep. W. Todd Akin [R, MO-2]
Rep. Kevin Brady [R, TX-8]
Rep. Vern Buchanan [R, FL-13]
Rep. Stephen Buyer [R, IN-4]
Rep. Geoff Davis [R, KY-4]
Rep. Lincoln Diaz-Balart [R, FL-21]
Rep. Jeffrey Fortenberry [R, NE-1]
Rep. Jim Gerlach [R, PA-6]
Rep. Kenny Hulshof [R, MO-9]
Rep. Duncan Hunter [R, CA-52]
Rep. Peter King [R, NY-3]
Rep. Mark Kirk [R, IL-10]
Rep. Ray LaHood [R, IL-18]
Rep. Kenny Marchant [R, TX-24]
Rep. Cathy McMorris Rodgers [R, WA-5]
Rep. Mike Pence [R, IN-6]
Rep. John Peterson [R, PA-5]
Rep. Christopher Shays [R, CT-4]
Rep. John Shimkus [R, IL-19]
Rep. Michael Simpson [R, ID-2]
Rep. John Sullivan [R, OK-1]
Rep. Frederick Upton [R, MI-6]
Rep. Zach Wamp [R, TN-3]

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Others Voting 'Abstain'

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---

See Full Voting History (1 votes)Hide Voting History     Show All Actions (15 actions)Hide Actions

Voting History

Date	Chamber	Question	Aye	Nay	Result
May 21, 2007	House	H.R.698 Industrial Bank Holding Company Act of 2007 On Motion to Suspend the Rules and Pass, as Amended: H R 698 Industrial Bank Holding Company Act	371	16	Passed	See Vote

All Bill Actions

• May 22, 2007: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
• Passed roll in the House on May 21, 2007. On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 371 - 16, 1 Present (Roll no. 384).
• May 21, 2007: Considered as unfinished business.
• May 21, 2007: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
• May 21, 2007: DEBATE - The House proceeded with forty minutes of debate on H.R. 698.
• May 21, 2007: Considered under suspension of the rules.
• May 21, 2007: Mr. Frank (MA) moved to suspend the rules and pass the bill, as amended.
• Added to calendar on May 16, 2007: Placed on the Union Calendar, Calendar No. 92..
• May 16, 2007: Reported (Amended) by the Committee on Financial Services. H. Rept. 110-155.
• Added to calendar on May 02, 2007: Ordered to be Reported (Amended) by Voice Vote..
• May 02, 2007: Committee Consideration and Mark-up Session Held.
• May 02, 2007: Ordered to be Reported (Amended) by Voice Vote.
• Apr 25, 2007: Committee Hearings Held.
• Jan 29, 2007: Referred to the House Committee on Financial Services.
• Introduced on Jan 29, 2007.

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Related Bills:

• S.1356

Related Issue Areas:

• Finance
• Administrative procedure
• Bank examination
• Bank holding companies
• 10 more
• Business
• Corporate finance
• Executive departments
• Federal Deposit Insurance Corporation
• Financial statements
• Government corporations
• Government information
• Government paperwork
• Law
• Subsidiary corporations

Data from the Congressional Research Service

In the News

May 22, 2007 House Passage of ILC Bill Maintains the Separation of Banking and ...

RISMEDIA, May 23, 2007-The National Association of Realtors® said the House passage today of HR 698, the Industrial Bank Holding Company Act of 2007, ...

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Source: RisMedia.com (press release), CT

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May 22, 2007 House Passes Bill Blocking Giant Retailers' Entry into Banking

The House passed HR 698, the Industrial Bank Holding Company Act of 2007, by a vote of 371 to 16. This legislation was co-sponsored by Congressmen Paul ...

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Source: Insurance Journal, CA

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May 16, 2007 Realtors(R) Take Agenda to Capitol Hill; Consumer Protection and ...

Realtors(R) also asked their elected officials to support HR 698, The Industrial Bank Holding Company Act of 2007, which is scheduled for floor vote next ...

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Source: Earthtimes.org

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Blog Coverage

December 08, 2007 Illegal Alien Infants in the USA - The Damage is insurmountable!!!!!

But the vote in Ireland indicates what the popular support for HR 698 could be if the public knew about it. (3) The key is grass roots pressure on legislators. To contact your legislators at Google, type “contact your representative ...

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Source: The Voice

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November 26, 2007 Industrial loan companies

Chairman Frank, Ranking Member Bachus, and members of the Committee, I am pleased to appear today to provide the views of the Board of Governors of the Federal Reserve System on industrial loan companies (ILCs) and HR 698, ...

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Source: NDebates

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November 03, 2007 Immigration Policy Implications

Citizenship Reform Act of 2005 (Introduced in House)HR 698 IH 109th CONGRESS1st SessionHR 698To amend the Immigration and Nationality Act to deny citizenship at birth to children born in the United States of parents who are not citizens ...

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Source: whitefeathereddove's Weblog

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