By Marchant, Brimer, Patterson                       H.C.R. No. 216
       74R13606 CCK-D
                              HOUSE CONCURRENT RESOLUTION
    1-1        WHEREAS, The 74th Legislature of the State of Texas has
    1-2  enacted House Bill 889 to reject interstate branching by state and
    1-3  national banks, and said legislation was signed by the governor on
    1-4  May 9, 1995; and
    1-5        WHEREAS, The legislature's action, which received unanimous
    1-6  support in both the senate and house of representatives, is in
    1-7  keeping with the Riegle-Neal Interstate Banking and Branching
    1-8  Efficiency Act of 1994, which allows states to opt out of federal
    1-9  interstate branching provisions; and
   1-10        WHEREAS, The United States comptroller of the currency has
   1-11  approved an application for an Arkansas bank to move its main
   1-12  office into Texas and retain its branches in Arkansas; and
   1-13        WHEREAS, This action by the comptroller of the currency is a
   1-14  blatant violation of state sovereignty and effectively imposes
   1-15  interstate branching on the State of Texas contrary to the will of
   1-16  this legislature; now, therefore, be it
   1-17        RESOLVED, That the 74th Legislature of the State of Texas
   1-18  hereby request the Texas attorney general to undertake litigation
   1-19  on behalf of the Texas banking commissioner, seeking to reverse or
   1-20  otherwise prevent effectuation of the decision of the comptroller
   1-21  of the currency and to preserve the will of this body to reject
   1-22  interstate branching in Texas; and, be it further
   1-23        RESOLVED, That the Texas secretary of state forward official
   1-24  copies of this resolution to the Texas attorney general and the
    2-1  Texas banking commissioner, to the president of the United States,
    2-2  to the speaker of the house of representatives and the president of
    2-3  the senate of the United States Congress, and to all members of the
    2-4  Texas delegation to the congress with the request that it be
    2-5  officially entered in the Congressional Record.