Donald Riegle

I rise once again in my continuing effort to put faces on the health care crisis in our country. Today, I want to share the story of Darwin and Helen House from Greenville, MI. Mr. and Mrs. House are early retirees who are no not yet…

our amendment to sections 621(a) and 621(d)(1)(D) of S. 783 would preclude the Federal Trade Commission and the States from obtaining civil penalties for initial violations of section 622(a)(1) relating to the reporting of information by…

I again want to congratulate Senators Bryan and Bond for their outstanding work on the Consumer Reporting Reform Act of 1994. This is one of the most important pieces of consumer legislation that the Congress will consider this year and it…

I want to commend and compliment the Senators from Nevada and Missouri for their bipartisan effort on this legislation. I am pleased that the Senate is considering S. 783, the Consumer Reporting Reform Act of 1994. This is one of the most…

I also want to express my full support for the bipartisan managers' amendment developed with Senators Bond and Bryan. This amendment improves the bill in several areas. In the area of liability, it ensures that providers of information are…

We are aware that these entities exist and what services they provide credit grantors, and as the Senator mentioned, we specifically included language in the committee report dealing with this issue. In particular we are aware that…

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…

In developing this amendment, I have worked not only with Senator D'Amato, but with Senator Graham of Florida; Senator Roth; Senator Feingold, who is here and expressed a keen interest in this; Senator Simpson; Senator Kerrey; and Senator…

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

I introduced it not only because of the request from the FDIC, but I support the substance of the request. I support the extension myself. So I agree with the Senator from Ohio on the substance of the issue. Let me tell you one problem we…

Yes, it will. In this fashion, S. 1963 seeks to ensure that financial institutions taking advantage of interstate banking continue to meet the needs of all communities that they serve. For multistate institutions, the bill requires a…

Yes. In fact, the committee recently received a letter from the Independent Bankers Association of America contending that because the wholesale branches of foreign banks are not subject to such requirements, they have a competitive…

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…

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 state for the record that some Senators have expressed concern about the implications of the applicable State law that would govern the operations of branches of out-of-state national banks in their States once this bill is enacted…

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…

I rise today in honor of the brave Americans who have been held a prisoners of war by foreign powers. It is these soldiers who often endure the greatest suffering in any armed conflict, and we as a nation owe them our deepest gratitude for…

I rise today to pay tribute to the victims of one of the bleakest episodes in human history. This Saturday, April 24, marks the 79th anniversary of the beginning of the Armenian Genocide. On that date in 1915, the Ottoman Turks began…

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…

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…

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…

I will do this quickly, and I want everybody to be on notice as to these modifications. First, the managers' amendment makes a few changes to the community development bank provisions of title I. Under the managers' amendment, a State…