Regional Banking Compacts: Hearing Before the Subcommittee on Administrative Law and Governmental Relations of the Committee on the Judiciary, House of Representatives, Ninety-ninth Congress, First Session, on H.R. 1942 ... April 25, 1985 |
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acquisitions anticompetitive argument bank expansion Bank Holding Company Banking Committee banking issues BERMAN bill CHAIRMAN RODINO clear commerce clause compact clause compete Congress CONGRESSIONAL AUTHORIZATION Congressional consent Connecticut constitutional issues constitutionality consumer Counsel Court decides Court of Appeals CROCKETT decisions to date discrimination discriminatory arrangements discriminatory regional compacts Douglas Amendment economic enact laws England Compact equal protection clause exclude banks Federal antitrust laws Federal judiciary Federal Reserve Board FISH Founding Fathers FRANK full interstate banking full service banking granted its consent gress Holding Company Act House of Representatives implications interstate commerce interstate compacts Judiciary Committee jurisdiction Massachusetts McFadden Act mergers MULTI-STATE Northeast Bancorp permit power to enact preclearance reciprocal banking laws regional banking compacts regional banking laws regionally reciprocal banking regulation restriction section 2(b separation of powers SHAPIRO SHAW Supreme Court SWINDALL Thank tion trigger U.S. Steel unconstitutional violate violative York
Popular passages
Page 24 - In contemplating the causes which may disturb our union, it occurs as matter of serious concern that any ground should have been furnished for characterizing parties, by geographical discriminations — Northern and Southern; Atlantic and Western; whence designing men may endeavor to excite a belief that there is a real difference of local interests and views.
Page 12 - No State shall, without the Consent of Congress, . . . enter into any Agreement or Compact with another State, or with a foreign Power, . . .
Page 13 - Looking at the clause in which the terms "compact" or "agreement" appear, it is evident that the prohibition is directed to the formation of any combination tending to the increase of political power in the states, which may encroach upon or interfere with the just supremacy of the United States.
Page 76 - agreement" or "compact" taken by themselves are sufficiently comprehensive to embrace all forms of stipulation, written or verbal, and relating to all kinds of subjects; to those to which the United States can have no possible objection or have any interest in interfering with, as well as to those which may tend to increase and build up the political influence of the contracting states, so as to encroach upon or impair the supremacy of the United States or interfere with their rightful management...
Page 76 - agreement ' or ' compact taken by themselves are sufficiently comprehensive to embrace all forms of stipulation, written or verbal, and relating to all kinds of subjects ; to those to which the United States can have no possible objection or have any interest in interfering with, as well as to those which may tend to increase and build up the political influence of the contracting States, so as to encroach upon or impair the supremacy of the United States or interfere with their...
Page 20 - Georgia had, by negotiation and agreement, proceeded to adjust this boundary, any compact between them would have been null and void, without the assent of congress. This provision is obviously intended to guard the rights and interests of the other States, and to prevent any compact or agreement between any two States, which might affect injuriously the interest of the others.
Page 9 - State bank by an out-of-State bank holding company is specifically authorized by the statute laws of the State in which such bank is located, by language to that effect and not merely by implication.
Page 18 - Mr. Chairman and Members of the Subcommittee, I am very pleased to appear before you today again on behalf of the Atomic Energy Commission.
Page 22 - As a result of the passage of this act, the national bank act has been so amended that national banks are able to meet the needs of modern industry and commerce and competitive equality has been established . . . ." 68 Cong Rec 5815 (1927). (Emphasis supplied.) When the economic depression of the 1930's brought on widespread bank failures, Congress responded by amending the McFadden Act with the passage of the Banking Act of 1933, which further strengthened...
Page 24 - Without this defensive power, every positive power that can be given on paper will be evaded and defeated.