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.