IBA Bill typically refers to a bill that involves the Interstate Banking Act (IBA). The Interstate Banking Act, passed in 1994, was a significant piece of legislation that aimed to deregulate the banking industry in the United States. Its primary purpose was to remove barriers to interstate banking, allowing banks to expand their operations across state lines more easily.

Here are some key aspects and uses of the Interstate Banking Act (IBA) bill:

1. Facilitating Interstate Banking: One of the primary purposes of the IBA was to enable banks to operate across state lines. Prior to its passage, many states had stringent regulations that restricted or prohibited banks from establishing branches in other states. The IBA loosened these restrictions, making it easier for banks to expand their geographic reach.

2. Promoting Competition: By allowing banks to expand into new markets, the IBA aimed to increase competition within the banking industry. This competition was expected to benefit consumers by offering them a wider range of banking services and potentially better terms and rates on loans and deposits.

3. Consolidation: The IBA led to increased consolidation within the banking industry as larger banks sought to expand their operations by acquiring smaller banks in different states. This trend of consolidation has continued in the years since the passage of the IBA, leading to the formation of several large national and multinational banking corporations.