US HB5659 | 2017-2018 | 115th Congress

US Congress House Bill 5659 (Prior Session Legislation)

Status

Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on April 27 2018 - 25% progression, died in committee
Action: 2018-04-27 - 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 2018 This bill amends the Bank Holding Company Act of 1956 to exempt from the "Volcker Rule" banks with: (1) total assets valued at less than $10 billion, and (2) trading assets and liabilities comprising not more than 5% of total assets. (The Volcker Rule prohibits banking agencies from engaging in proprietary trading or entering into certain relationships with hedge funds and private-equity funds.)

Title

Volcker Rule Relief Act of 2018

History

Date	Chamber	Action
2018-04-27	House	Referred to the House Committee on Financial Services.
2018-04-27	House	Introduced in House

Same As/Similar To

HB4790 (Related) 2018-04-16 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
SB2155 (Related) 2018-05-24 - Became Public Law No: 115-174.
HR905 (Similar To) 2018-05-22 - Motion to reconsider laid on the table Agreed to without objection.
HB6147 (Related) 2018-09-07 - Message on Senate action sent to the House.