US Congress House Bill 4790 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Engrossed on April 16 2018 - 50% progression, died in committee
Action: 2018-04-16 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]

Volcker Rule Regulatory Harmonization Act (Sec. 2) This bill amends the Bank Holding Company Act of 1956 to grant exclusive rulemaking authority under the Volcker Rule to the Federal Reserve Board. (Currently, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, and the Commodity Futures Trading Commission also have regulatory authority under the Volcker Rule. The Volcker Rule prohibits banking agencies from engaging in proprietary trading or entering into certain relationships with hedge funds and private-equity funds.) (Sec. 4) The bill exempts from the Volcker Rule banks with total assets: (1) of $10 billion or less, and (2) comprised of 5% or less of trading assets and liabilities.

Volcker Rule Regulatory Harmonization Act

Rep. French Hill [R-AR]

Rep. Bill Foster [D-IL]

Rep. Josh Gottheimer [D-NJ]

Rep. Randy Hultgren [R-IL]

2018-04-13 - House - On passage RC# 139 (Y: 300 N: 104 NV: 25 Abs: 0) [PASS]

Date	Chamber	Action
2018-04-16	Senate	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2018-04-13	House	Motion to reconsider laid on the table Agreed to without objection.
2018-04-13	House	On passage Passed by the Yeas and Nays: 300 - 104 (Roll no. 139). (text: CR H3214-3215)
2018-04-13	House	The previous question was ordered pursuant to the rule.
2018-04-13	House	DEBATE - The House proceeded with one hour of debate on H.R. 4790.
2018-04-13	House	Rule provides for consideration of H.R. 4790 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. Also, the rule provides for motions to suspend the rules relating to H.J. Res. 2 on the legislative day of April 12, 2018.
2018-04-13	House	Considered under the provisions of rule H. Res. 811. (consideration: CR H3214-3223)
2018-04-11	House	Rule H. Res. 811 passed House.
2018-04-10	House	Rules Committee Resolution H. Res. 811 Reported to House. Rule provides for consideration of H.R. 4790 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. Also, the rule provides for motions to suspend the rules relating to H.J. Res. 2 on the legislative day of April 12, 2018.
2018-04-05	House	Placed on the Union Calendar, Calendar No. 474.
2018-04-05	House	Reported (Amended) by the Committee on Financial Services. H. Rept. 115-621.
2018-03-21	House	Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 10.
2018-03-21	House	Committee Consideration and Mark-up Session Held.
2018-01-12	House	Referred to the House Committee on Financial Services.
2018-01-12	House	Introduced in House

HR811 (Related) 2018-04-11 - Motion to reconsider laid on the table Agreed to without objection.
HB5659 (Related) 2018-04-27 - Referred to the House Committee on Financial Services.
HB6147 (Related) 2018-09-07 - Message on Senate action sent to the House.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/4790/all-info
Text	https://www.congress.gov/115/bills/hr4790/BILLS-115hr4790ih.pdf
Text	https://www.congress.gov/115/bills/hr4790/BILLS-115hr4790rh.pdf
Text	https://www.congress.gov/115/bills/hr4790/BILLS-115hr4790eh.pdf
Roll Call	https://clerk.house.gov/Votes/2018139