H.R. 698 · 110th Congress · 2007–2008
Industrial Bank Holding Company Act of 2007
H.R. 698 in the 110th Congress (2007–2008) has passed the house — introduced on Jan 29, 2007, sponsored by Paul Gillmor with 145 co-sponsors. Congress held 1 roll call vote on it.
During the 110th Congress (2007–2008), George W. Bush was president, and Democrats held the House majority and Republicans the Senate majority.
- Status
- Passed the House
- Introduced
- Jan 29, 2007
- Co-sponsors
- 145
- Policy area
- Finance and Financial Sector
What it does
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.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Paul Gillmor (R-OH). Co-sponsors: 100 Democrats, 45 Republicans.
Where it stands
- IntroducedJan 29, 2007
- Passed the HouseMay 21, 2007
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (May 22, 2007)
How Congress voted
- On Motion to Suspend the Rules and Pass, as Amended
House · May 21, 2007 · Passed371–16
Every roll call vote on this bill
- Industrial Bank Holding Company ActHouse · May 21, 2007
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Committees
- Banking, Housing, and Urban Affairs Committee
- Financial Services Committee
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 698 (110th Congress): Industrial Bank Holding Company Act of 2007,” https://www.capitolreceipts.com/bill/110-hr-698/industrial-bank-holding-company-act-of-2007 (accessed 2026-10-17).