The __________ was signed into law in September, 1994, and effectively allowed unimpeded nationwide branching beginning June 1, 1997 or sooner.

Question

Quizplus · Accepted Answer

The Interstate Banking and Branching Efficiency Act (IBBEA) was signed into law in September, 1994 and allowed for unimpeded nationwide branching beginning June 1, 1997 or sooner. The McFadden Act and Bank Holding Company Act (BHCA) were earlier acts that had more limited effects on branching, and the Financial Institutions Reform and Recovery Enforcement Act (FIRREA) primarily addressed issues related to the savings and loan industry.

The __________ Was Signed into Law in September, 1994, and Effectively