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S. 2839 116th Congress Senate

Eliminating Corporate Shadow Banking Act of 2019

Official title: A bill to amend the Bank Holding Company Act of 1956 to regulate industrial bank holding companies, and for other purposes.

Introduced: November 12, 2019 Introduced by: John Kennedy Republican · Louisiana See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationBusiness records
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Corporate finance and managementCredit and credit marketsFederal Reserve SystemLicensing and registrations
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 5, 2019
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-271.
Nov 12, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 12, 2019
Introduced in Senate
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 Latest action December 5, 2019

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-271.

 Plain-English summary Congressional Research Service

Eliminating Corporate Shadow Banking Act of 2019

This bill provides for the regulation of industrial loan companies by the Federal Reserve. Industrial loan companies must comply with specified reporting, examination, and ownership requirements. (Industrial loan companies may generally provide services similar to depository institutions, but their parent holding company may be a nonfinancial, commercial firm.)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 2839: Eliminating Corporate Shadow Banking Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-2839/
MLA
"S. 2839: Eliminating Corporate Shadow Banking Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-2839/.
Bluebook (legal)
S. 2839, 116th Cong. (2026), https://openamerica.io/bill/116-S-2839/.
Markdown link
[S. 2839: Eliminating Corporate Shadow Banking Act of 2019](https://openamerica.io/bill/116-S-2839/)
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