Statement of Administration Policy: S. 2231 - Agricultural and Energy Bank Incentive Act
(Gam (R) Utah)
The Administration opposes S. 2231, because:
- A moratorium on non-bank banks is unnecessary, would threaten the legal status of some existing banks, would undermine the well-established structure of unitary thrift holding companies, and would discourage those who wish to provide new services to consumers; and
- Statutory assistance to agricultural and energy banks is unnecessary in light of administrative actions already undertaken by the regulatory agencies.
Ronald Reagan, Statement of Administration Policy: S. 2231 - Agricultural and Energy Bank Incentive Act Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/327430