A bill to amend the Federal Trade Commission Act to exempt savings and loan institutions from the application of certain provisions contained in such Act.
Public Law 96-37 · H.R. 3978 · 96th Congress · began in the House
Signed by Jimmy Carter (D) on Jul 23, 1979 · Finance and Financial Sector
Sponsor: Rep. Matthew Rinaldo (R-NJ-12)
Cosponsors: None
Passage votes
- HouseMethod not stated
- SenateMethod not stated
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.
Amends the Federal Trade Commission Act to exempt savings and loan institutions from certain reporting requirements and regulatory and investigatory powers of the FTC.
Requires the Federal Home Loan Bank Board to: (1) establish a division of consumer affairs to receive and act on complaints concerning unfair or deceptive acts and practices affecting commerce by certain savings and loan institutions; and (2) prescribe regulations, similar to regulations prescribed by the FTC governing corporations, to define and prevent such practices.
Committees
The committees the bill was sent to, and what each did with it.
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. 13 actions.
- Jul 23, 1979Became lawBecame law · Signed by President.
- PresidentPresident · Public Law 96-37.
- Jul 12, 1979PresidentPresident · Measure presented to President.
- PresidentPresident · Measure enrolled in Senate.
- PresidentPresident · Measure enrolled in House.
- Jul 10, 1979FloorFloor · Measure passed Senate.
- FloorFloor · Measure called up by unanimous consent in Senate.
- Jul 9, 1979FloorFloor · Measure passed House, amended.
- FloorFloor · Measure called up under motion to suspend rules and pass in House.
- Jun 12, 1979CommitteeCommittee · Reported by House Energy and Commerce Committee
- May 7, 1979CommitteeCommittee · Referred to House Financial Services Committee
- CommitteeCommittee · Referred to House Energy and Commerce 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.