HR 1375 - Financial Services Regulatory Relief Act of 2004 - National Key Vote

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Title: Financial Services Regulatory Relief Act of 2004

Vote Smart's Synopsis:

Vote to pass a bill that would ease numerous banking regulations.

Highlights:

  • Allows an individual to become the director of a subchapter S national bank as long as the individual has at least $1,000 debt issued by the bank (Sec. 101).
  • Requires saving associations to adhere to the same investment-advisor and broker-dealer registration requirements as banks (Sec. 209).
  • Expands the investment opportunities and services that may be offered by credit unions (Secs. 301-313).

Title: Financial Services Regulatory Relief Act of 2004

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