Political Quotes

Donald Riegle: “Yes. They have all of the same rights as U.S. banks. Under the Senate bill, foreign banks can acquire and combine banks…”

On the recordApril 26, 1994
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. This ensures they do not receive preferential treatment.
Said by
Donald Riegle
Democratic · Michigan

Editor's note · Context

Discussing the rights of foreign banks under a Senate bill.

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