Bank Holding Company Act
Bank Holding Company Act of 1956
§ LEGISLATIONfinance· 1956
What It Did
Regulated the expansion of bank holding companies by requiring Federal Reserve approval for acquisitions and prohibiting bank holding companies from engaging in non-banking activities. Prevented interstate banking consolidation for decades until later amendments relaxed restrictions.
The Vote
House · 371–24 (passage)
D
210 YEA · 12 NAY
R
161 YEA · 12 NAY
Senate · 77–5 (passage)
D
44 YEA · 2 NAY
R
33 YEA · 3 NAY
Key Sponsors
→ A. Willis Robertson (D-VA) · Senate
→ Brent Spence (D-KY) · House
Sources: Congress.gov · VoteView · FRED
In the Years Following
Economic indicators related to this law, showing 5 years before through 10 years after.
Corporate Profits After Tax
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CPI — All Items
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Many factors influence economic outcomes. This chart shows trends in the years surrounding this legislation — not necessarily caused by it.