HR 5659
115th Congress
House
Finance and Financial Sector
Bank accounts, deposits, capital
Banking and financial institutions regulation
Financial services and investments
Securities
Volcker Rule Relief Act of 2018
Introduced: April 27, 2018
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 27, 2018
Referred to the House Committee on Financial Services.
Apr 27, 2018
Introduced in House
Plain-English 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.)
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1