National Consumer Cooperative Bank Amendments of 1989
Public Law 101-206 · H.R. 3720 · 101st Congress · began in the House
Signed by George H. W. Bush (R) on Dec 7, 1989 · Finance and Financial Sector
Sponsor: Rep. Henry González (D-TX-20)
Cosponsors (1): Rep. Chalmers Wylie
Passage votes
- HouseUnanimous consent
- SenateVoice vote
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
National Consumer Cooperative Bank Amendments of 1989 - Amends the National Consumer Cooperative Bank Act to provide that the holder of class A notes shall be entitled to interest rates determined by the Secretary of the Treasury, taking into consideration the current average yield on comparable outstanding marketable U.S. obligations as of the last day of the month preceding each issuance of such notes to the Secretary. Limits interest payments until 1990 to 25 percent of gross revenues.
Authorizes the Bank to issue replacement class A notes with the Secretary's approval. Mandates that all class A notes be redeemed by October 31, 2020.
Committees
The committees the bill was sent to, and what each did with it.
Financial Services Committee · House · discharged from, referred toSubcommittee: Financial Institutions Supervision, Regulation and Deposit Insurance Subcommittee
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 12 actions.
- Dec 7, 1989Became lawBecame law · Became Public Law No: 101-206.
- Became lawBecame law · Signed by President.
- Dec 1, 1989PresidentPresident · Presented to President.
- CommitteeCommittee · Referred to Financial Institutions Supervision, Regulation and Deposit Insurance Subcommittee of the House Financial Services Committee
- Nov 21, 1989FloorFloor · Passed Senate without amendment by Voice Vote.
- Nov 20, 1989FloorFloor · Motion to reconsider laid on the table Agreed to without objection.
- FloorFloor · On passage Passed without objection.
- FloorFloor · Mr. Gonzalez asked unanimous consent to discharge from committee and consider.
- FloorFloor · Considered by unanimous consent.
- CommitteeCommittee · Discharged from House Financial Services Committee
- Nov 17, 1989CommitteeCommittee · Referred to House Financial Services Committee
- IntroducedIntroduced · Introduced in the House
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.