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HR 3701 113th Congress House

U.S. Financial Services Global Viability Act

Official title: To make improvements to provisions of the Bank Holding Company Act of 1956 relating to proprietary trading by banking entities.

Introduced: December 11, 2013 See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresBanking and financial institutions regulationCommodity Futures Trading CommissionCorporate finance and management
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Department of the TreasuryFederal Deposit Insurance Corporation (FDIC)Federal Reserve SystemFinancial services and investmentsForeign and international bankingSecurities and Exchange Commission (SEC)
This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 11, 2013
Referred to the House Committee on Financial Services.
Dec 11, 2013
Introduced in House
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 Latest action December 11, 2013

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

U.S. Financial Services Global Viability Act - Amends the Bank Holding Company Act of 1956 to delay the effective date for prohibitions or the mandate for related rulemaking against proprietary trading by a banking entity and any equity, partnership, or other ownership interest of a banking entity in or sponsorship of hedge funds or private equity funds. (Currently the effective date of such prohibitions and the mandate to make related regulations is the earlier of 12 months after the date of the issuance of final rules or 2 years after the date of enactment [July 21, 2010].)

Delays the effective date of such prohibitions and regulatory mandate until the Secretary of the Treasury: (1) identifies the foreign countries having foreign banks chartered and headquartered in them that compete significantly with banking entities subject to such Act, and (2) certifies that such countries have applied to such foreign banks (including subsidiaries and affiliates) requirements equivalent to those set forth under such Act.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 3701: U.S. Financial Services Global Viability Act. 113th Congress. Open America. https://openamerica.io/bill/113-HR-3701/
MLA
"H.R. 3701: U.S. Financial Services Global Viability Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-3701/.
Bluebook (legal)
H.R. 3701, 113th Cong. (2026), https://openamerica.io/bill/113-HR-3701/.
Markdown link
[H.R. 3701: U.S. Financial Services Global Viability Act](https://openamerica.io/bill/113-HR-3701/)
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