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H.R. 5746 · 109th Congress · 2005–2006

Industrial Bank Holding Company Act of 2006

H.R. 5746 in the 109th Congress (2005–2006) was introduced on Jul 10, 2006, sponsored by Paul Gillmor with 56 co-sponsors.

During the 109th Congress (2005–2006), George W. Bush was president, and Republicans held majorities in both the House and Senate.

Status
Introduced
Introduced
Jul 10, 2006
Co-sponsors
56
Policy area
Finance and Financial Sector

What it does

Industrial Bank Holding Company Act of 2006 - Requires an industrial bank holding company to register and file certain reports with the Federal Deposit Insurance Corporation (FDIC) within ninety days after becoming an industrial bank holding company Prohibits such holding company from being controlled by a commercial firm. Grandfathers certain institutions to exempt them from the requirements of this Act.

Summary by the nonpartisan Congressional Research Service.

Sponsor

Paul Gillmor (R-OH). Co-sponsors: 37 Democrats, 18 Republicans, 1 Independent.

Where it stands

  • IntroducedJul 10, 2006
  • Passed the House—
  • Passed the Senate—
  • Sent to the President—
  • Became law—

Latest action: Referred to the House Committee on Financial Services. (Jul 10, 2006)

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From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.

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Capitol Receipts, “H.R. 5746 (109th Congress): Industrial Bank Holding Company Act of…,” https://www.capitolreceipts.com/bill/109-hr-5746/industrial-bank-holding-company-act-of-2006 (accessed 2026-10-17).

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