Donald Riegle

Yes. I have received 16 letters from State banking organizations from across the country expressing concerns that the language in the House bill gives foreign banks competitive advantages. These State banking organizations have all…

Yes. They have all of the same rights as U.S. banks. Under the Senate bill, foreign banks can acquire and combine banks on an interstate basis just like U.S. banks if they use the structure required of domestic U.S. banking organizations…

I understand the House bill permits foreign banks to branch interstate without the need for a subsidiary bank chartered in this country.

Yes. At the committee hearings on this bill, testimony was given on this issue. We were told that foreign banks presently receive preferential treatment in our market inasmuch as their wholesale branches are not subject to the Community…

It does not. Oklahoma law and any other State law which sets a lower deposit concentration limit would be protected under this language. This section is intended only to set a ceiling above which a State may not go without a specific…

Let me continue by saying I will take the issue up with the regulators. We will see what can be done. They are in the process right now of attempting to reevaluate how the CRA process is applied and made to work and is measured. I think…

This past week, my mother passed away. The onset of the serious health problems that took her life came quite quickly. As a result, I was not here for most of last week. But many colleagues and others connected to the Senate were most…

Let me also say, if I may, if I can have the attention of the Senator from Texas, Mr. Gramm, who is in the Chamber, I just want to indicate that I appreciate the cooperative effort with respect to resolving that last matter on fair trade…

I, too, want to join the Senator from New York in commending the Senator from Delaware for offering this amendment. I think this strengthens fair trade in financial services and should include insurance. We have a number of very fine…

Finally, the fair trade in financial services is absolutely critical to be accomplished at this time. We have been at this now for years. The negotiations that I have just cited illustrate the fact that we are not going to get the progress…

Absolutely, it is well established that a violation of a regulation promulgated under a statutory provision is a violation of a requirement under that provision.

I can state on the Senate floor that a crisis does exist and that we must pass comprehensive health care reform and we must pass it this year. I am pleased that we finally have a President and a First Lady who have brought this issue to…