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S. 3547 81ST CONGEESS 2D SESSION IN THE SENATE OF THE UNITED STATES MAY 10 (legislative day, MARCH 29), 1950 Referred to the Committee on Banking and Currency and ordered to be printed AMENDMENT Intended to be proposed by Mr. DOUGLAS (for himself and Mr. TOBEY) to the bill (S. 3547) to define bank holding com- panies, control their future expansion, and to require the divestment of nonbanking assets, viz: Amend the first sentence of subsection (a) of section 2 to read as follows: 1 (a) "Bank holding company" means (1) any com- 2 pany which owns or controls, directly or indirectly, 25 per 3 centum or more of the voting shares of an insured bank or 4 of a company which is a bank holding company, and (2) 5 any company which the Board determines, after notice and 6 opportunity for hearing, directly or indirectly, exercises 7 (either alone or pursuant to an arrangement or understand- 8 ing with one or more other persons) a controlling influence 9 over the management and policies of an insured bank. 5_10-50 A 81ST CONGRESS 2D SESSION S. 3547 AMENDMENT Intended to be proposed by Mr. DOUGLAS (for himself and Mr. TOBEY) to the bill (S. 3547) to define bank holding companies, control their future expansion, and to require the divestment of nonbanking assets. MAY 10 (legislative day, MARCH 29), 1950 Referred to the Committee on Banking and Currency and ordered to be printed
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