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JOHNSON v. BANK OF BENTONVILLE

No. CIV.00-3026.

122 F.Supp.2d 994 (2000)

Steve JOHNSON, Ph.D., Plaintiff, v. BANK OF BENTONVILLE, Defendant.

United States District Court, W.D. Arkansas, Harrison Division.

November 21, 2000.

Attorney(s) appearing for the Case

Steven B. Davis, Davis & Goldie, Harrison, AR, for Plaintiff.

Allen W. Bird, II, Little Rock, AR, for Defendant.

MEMORANDUM OPINION

WATERS, District Judge.

This case is before the court for decision on cross-motions for summary judgment. The legal question to be determined is whether Congress exceeded the legislative authority given it by the Commerce Clause when it enacted § 731 of the Gramm-Leach-Bliley Financial Modernization Act of 1999, Pub.L. No. 106-102, codified at 12 U.S.C. § 1831u. Section 731 allows instate banks, that is, banks chartered...

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