The McFadden Act is a United States federal law that reformed the U.S. banking system.
[2][1] The bill, based on the recommendations made by former Comptroller of the Currency Henry May Dawes, was signed into law by President Calvin Coolidge on February 25, 1927.
[3] It is named after Louis Thomas McFadden, member of the United States House of Representatives and Chairman of the United States House Committee on Banking and Currency.
[3] The bill was first introduced in Congress by McFadden on February 11, 1924.
Although the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994[5] repealed this provision of the McFadden Act, it specified that state law continues to control intrastate branching, or branching within a state's borders, for both state and national banks.