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Code · BILL · 114th Congress · S. 2132 (Placed on Calendar Senate) — Making appropriations for financial services and general government, Department of the Interior, environment, and Dep... · Sec. 914

Sec. 914. Mutual holding company dividend waivers

64 words·~1 min read·/bill/114/s/2132/pcs/section-914

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Notwithstanding the rule of the Board of Governors of the Federal Reserve System regarding Mutual Holding Company Dividend Waivers in section 239.63 of title 12, Code of Federal Regulations (or any successor thereto), grandfathered mutual holding companies and all other mutual holding companies shall be permitted to waive the receipt of dividends declared on the common stock of their bank or mid-size holding companies.
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