Skip to main content
HR 4049 114th Congress House

Volcker Rule Relief Act of 2105

Official title: To amend the Bank Holding Company Act of 1956 to exempt certain non-financial companies and smaller banking entities from the application of the Volcker Rule.

Introduced: November 17, 2015 See on congress.gov
Finance and Financial Sector Banking and financial institutions regulationSecurities
Sign in to write a letter Sign in to watch
This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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
Nov 17, 2015
Referred to the House Committee on Financial Services.
Nov 17, 2015
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action November 17, 2015

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Volcker Rule Relief Act of 2015

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Huizenga, Bill
Michigan · Nov 17, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4049: Volcker Rule Relief Act of 2105. 114th Congress. Open America. https://openamerica.io/bill/114-HR-4049/
MLA
"H.R. 4049: Volcker Rule Relief Act of 2105." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-4049/.
Bluebook (legal)
H.R. 4049, 114th Cong. (2026), https://openamerica.io/bill/114-HR-4049/.
Markdown link
[H.R. 4049: Volcker Rule Relief Act of 2105](https://openamerica.io/bill/114-HR-4049/)
Report a problem