S 2839
116th Congress
Senate
Finance and Financial Sector
Administrative law and regulatory procedures
Bank accounts, deposits, capital
Banking and financial institutions regulation
Business records
Corporate finance and management
Credit and credit markets
Federal Reserve System
Licensing and registrations
Eliminating Corporate Shadow Banking Act of 2019
Introduced: November 12, 2019
Introduced by:
Kennedy, John
Republican
· Louisiana
See on congress.gov
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
Plain-English summary
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.)
What's happening now
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-271.
Committees of jurisdiction
1