US HB4049 | 2015-2016 | 114th Congress

Status

Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on November 17 2015 - 25% progression, died in committee
Action: 2015-11-17 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Volcker Rule Relief Act of 2105 This bill amends the Bank Holding Company Act of 1956 with respect to the prohibition ("Volcker Rule") against a banking entity's: (1) engaging in proprietary trading; or (2) acquiring or retaining any equity, partnership, or other ownership interest in, or sponsoring, hedge funds or private equity funds. "Banking entity" shall not include (and so the Volcker Rule shall not apply to) any entity that: is not predominantly engaged in financial activities, nor is a bank holding company or a nonbank financial company supervised by the Board of Governors of the Federal Reserve System, nor a direct or indirect subsidiary of a bank holding company or a nonbank financial company supervised by the Board; or would be a banking entity solely owing to its control of such an entity. The bill also exempts from the Volcker Rule any banking entity with total consolidated assets of $10 billion or less.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Volcker Rule Relief Act of 2105

Sponsors


History

DateChamberAction
2015-11-17HouseReferred to the House Committee on Financial Services.
2015-11-17HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

feedback