On the recordMay 13, 1998
I simply think it is misleading and it would also assist in the tendency that this bill will promote having national banks convert to a State charter. That is the effect, I think, of the governing structures that we have created in the bill. Now, the gentleman's amendment, I think, would make it a bit easier because they would be able to convert to the State charter, but still retain the word 'Federal.' So it is with deep reluctance, but after reflection and consideration, hearing the gentleman from Texas (Mr. Bentsen), I feel constrained to oppose the gentleman's amendment.
Source
govinfo.gov
