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HR 4096 114th Congress House

Investor Clarity and Bank Parity Act

Official title: To amend the Volcker Rule to permit certain investment advisers to share a similar name with a private equity fund, subject to certain restrictions, and for other purposes.

Introduced: March 2, 2016 See on congress.gov
Finance and Financial Sector Banking and financial institutions regulationFinancial services and investmentsSecurities
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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 15 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 27, 2016
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 26, 2016
Motion to reconsider laid on the table Agreed to without objection.
Apr 26, 2016
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 395 - 3 (Roll no. 165). (text: CR H1949)
Apr 26, 2016
Considered as unfinished business. (consideration: CR H1988-1989)
Apr 26, 2016
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Apr 26, 2016
DEBATE - The House proceeded with forty minutes of debate on H.R. 4096.
Apr 26, 2016
Considered under suspension of the rules. (consideration: CR H1949-1950)
Apr 26, 2016
Mr. Garrett moved to suspend the rules and pass the bill.
Apr 26, 2016
Placed on the Union Calendar, Calendar No. 403.
Apr 26, 2016
Reported by the Committee on Financial Services. H. Rept. 114-523.
Mar 2, 2016
Ordered to be Reported by Voice Vote.
Mar 2, 2016
Committee Consideration and Mark-up Session Held.
Feb 24, 2016
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Nov 19, 2015
Referred to the House Committee on Financial Services.
Nov 19, 2015
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Apr 26, 2016 House · vote #165 On Motion to Suspend the Rules and Pass Passed 395–3 See who voted →
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 Latest action April 27, 2016

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Investor Clarity and Bank Parity Act

(Sec. 2) This bill amends the Bank Holding Company Act of 1956 to permit a hedge fund or private equity fund to share the same name, or a variation of the same name, as a banking entity that is an investment advisor to the hedge fund or private equity fund, if:

  • the investment advisor is not an insured depository institution, a company that controls an insured depository institution, or a company treated as a bank holding company for purposes of the International Banking Act of 1978 relating to nonbanking activities of foreign banks;
  • the investment advisor does not share the same name, or a variation of it, as an insured depository institution, a company that controls an insured depository institution, or a company treated as a bank holding company for the specified purposes of the International Banking Act of 1978; and
  • the name does not contain the word "bank."
 Related & companion bills 1
  • HR 3093 Reintroduced Bill Investor Clarity and Bank Parity Act
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4096: Investor Clarity and Bank Parity Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-4096/
MLA
"H.R. 4096: Investor Clarity and Bank Parity Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-4096/.
Bluebook (legal)
H.R. 4096, 114th Cong. (2026), https://openamerica.io/bill/114-HR-4096/.
Markdown link
[H.R. 4096: Investor Clarity and Bank Parity Act](https://openamerica.io/bill/114-HR-4096/)
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