Foreign Treatment of United States Financial Institutions

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Section 3602 of the Omnibus Trade and Competitiveness Act of 1988, Public Law 100-418, requires that a quadrennial report on the foreign treatment of United States financial institutions be submitted to Congress by the Department of the Treasury, working with other agencies. This, the third report, is due no later than December 1, 1998. This report will describe the extent to which foreign countries deny national treatment to United States banking organizations and securities companies. Public comment is requested on significant denials of national treatment to United States banking organizations and securities companies.