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Bill115th CongressFiled Jun 28, 2017Finance and Financial Sector
H.R. 3093

Investor Clarity and Bank Parity Act

Bill journey · stage 2 of 5

Under committee review

Filed
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Law

What it doesSummary passed house without amendment (Dec 11, 2017)

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, with a banking entity that is an investment adviser to the hedge fund or private-equity fund, if:

  • the investment adviser is not, and does not share the same name with, an insured depository institution, a company that controls an insured depository institution, or a company treated as a bank holding company for purposes of specified provisions of law relating to nonbanking activities of foreign banks; and
  • the name does not contain the word "bank."

What just happenedDec 12, 2017

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

Who’s behind it

Rep. Capuano, Michael E. [D-MA-7](D-MA)Sponsor
5 cosponsors3 D2 R
Read on Congress.gov
5cosponsors2committees15actions1related bills3subjects
  1. Dec 12, 2017IntroReferral

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

    Banking, Housing, and Urban Affairs Committee
  2. Dec 11, 2017FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Dec 11, 2017FloorH37300

    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H9773)

  4. Dec 11, 2017Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H9773)

  5. Dec 11, 2017FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 3093.

  6. Dec 11, 2017FloorH30000

    Considered under suspension of the rules. (consideration: CR H9773)

  7. Dec 11, 2017FloorH30300

    Mr. Luetkemeyer moved to suspend the rules and pass the bill.

  8. Nov 28, 2017CalendarsH12410

    Placed on the Union Calendar, Calendar No. 316.

  9. Nov 28, 2017CommitteeH12200

    Reported by the Committee on Financial Services. H. Rept. 115-426.

    Financial Services Committee
  10. Nov 28, 2017Committee5000

    Reported by the Committee on Financial Services. H. Rept. 115-426.

    Financial Services Committee
  11. Nov 14, 2017Committee

    Ordered to be Reported by Voice Vote.

    Financial Services Committee
  12. Nov 14, 2017Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  13. Jun 28, 2017IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  14. Jun 28, 2017IntroReferralIntro-H

    Introduced in House

  15. Jun 28, 2017IntroReferral1000

    Introduced in House

Passed House without amendmentDec 11, 201781

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, with a banking entity that is an investment adviser to the hedge fund or private-equity fund, if:

  • the investment adviser is not, and does not share the same name with, an insured depository institution, a company that controls an insured depository institution, or a company treated as a bank holding company for purposes of specified provisions of law relating to nonbanking activities of foreign banks; and
  • the name does not contain the word "bank."
Reported to House without amendmentNov 28, 201779

Investor Clarity and Bank Parity Act

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, with a banking entity that is an investment adviser to the hedge fund or private-equity fund, if:

  • the investment adviser is not, and does not share the same name with, an insured depository institution, a company that controls an insured depository institution, or a company treated as a bank holding company for purposes of specified provisions of law relating to nonbanking activities of foreign banks; and
  • the name does not contain the word "bank."
Introduced in HouseJun 28, 2017

Investor Clarity and Bank Parity Act

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, with a banking entity that is an investment adviser to the hedge fund or private-equity fund, if:

  • the investment adviser is not, and does not share the same name with, an insured depository institution, a company that controls an insured depository institution, or a company treated as a bank holding company for purposes of specified provisions of law relating to nonbanking activities of foreign banks; and
  • the name does not contain the word "bank."
Investor Clarity and Bank Parity Act — Informed