A bill to amend the International Banking Act of 1978 (Public Law 95-369) to extend the time for foreign banks to obtain required deposit insurance with respect to existing branches in the United States.
Public Law 96-64 · S. 1646 · 96th Congress · began in the Senate
Signed by Jimmy Carter (D) on Sep 14, 1979 · Foreign Trade and International Finance
Sponsor: Sen. William Proxmire (D-WI)
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 International Banking Act of 1978 to permit foreign bank branches, in operation on the date of enactment of such Act, to continue to accept domestic retail deposits until January 31, 1980, if: (1) such branch has applied for Federal deposit insurance; and (2) such application has not been denied.
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. 10 actions.
- Sep 14, 1979Became lawBecame law · Signed by President.
- PresidentPresident · Public Law 96-64.
- Sep 11, 1979PresidentPresident · Measure presented to President.
- PresidentPresident · Measure enrolled in Senate.
- PresidentPresident · Measure enrolled in House.
- Sep 7, 1979FloorFloor · Measure passed House.
- FloorFloor · Measure called up by unanimous consent in House.
- Sep 6, 1979FloorFloor · Measure passed Senate.
- Aug 2, 1979CommitteeCommittee · Reported by Senate Banking, Housing, and Urban Affairs Committee
- IntroducedIntroduced · Introduced in the Senate
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.