Independent Insurance Agents of America, Inc. v. Board of Governors of the Federal Reserve System

ORDER DENYING PETITION FOR REHEARING EN BANC

The petition for rehearing en banc in the above entitled case is denied by six of the judges voting in favor of the denial. Two of the judges vote in favor of the rehearing en banc.

LAY, Chief Judge,

would grant the petition for rehearing en banc.

I respectfully dissent from the denial of rehearing en banc. 658 F.2d 571 (8th Cir.). I do so because of the objectionable impact the panel’s decision will necessarily have on the Board of Governors of the Federal Reserve System’s future administration of the Bank Holding Company Act of 1956 (BHCA).

First, and…