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S. 1647 115th Congress Senate

A bill to require the appropriate Federal banking agencies to treat certain non-significant investments in the capital of unconsolidated financial institutions as qualifying capital instruments, and…

Official title: A bill to require the appropriate Federal banking agencies to treat certain non-significant investments in the capital of unconsolidated financial institutions… Show full official titleShow less

Official title: A bill to require the appropriate Federal banking agencies to treat certain non-significant investments in the capital of unconsolidated financial institutions as qualifying capital instruments, and for other purposes.

Introduced: July 27, 2017 Introduced by: Roger F. Wicker Republican · Mississippi See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationDepartment of the Treasury
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Federal Deposit Insurance Corporation (FDIC)Federal Reserve SystemFinancial services and investmentsSecurities
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Jul 27, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 27, 2017
Introduced in Senate
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 Latest action July 27, 2017

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

 Plain-English summary Congressional Research Service

This bill requires federal banking agencies to treat as qualifying capital instruments certain investments in the capital of unconsolidated financial institutions. Specifically, the bill applies to investments in trust-preferred securities held prior to July 21, 2010, by a depository institution or holding company with assets of less than $15 billion.

 Related & companion bills 1
  • HR 3838 Trust Preferred Securities Act of 2017
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 2 Republican 1
R
Rounds, Mike
South Dakota · Nov 28, 2017
 D
Baldwin, Tammy
Wisconsin · Jul 27, 2017
 D
Duckworth, Tammy
Illinois · Jul 27, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1647: A bill to require the appropriate Federal banking agencies to treat certain non-significant investments in the capital of unconsolidated financial institutions as qualifying capital instruments, and for other purposes.. 115th Congress. Open America. https://openamerica.io/bill/115-S-1647/
MLA
"S. 1647: A bill to require the appropriate Federal banking agencies to treat certain non-significant investments in the capital of unconsolidated financial institutions as qualifying capital instruments, and for other purposes.." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-1647/.
Bluebook (legal)
S. 1647, 115th Cong. (2026), https://openamerica.io/bill/115-S-1647/.
Markdown link
[S. 1647: A bill to require the appropriate Federal banking agencies to treat certain non-significant investments in the capital of unconsolidated financial institutions as qualifying capital instruments, and for other purposes.](https://openamerica.io/bill/115-S-1647/)
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