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Bill115th CongressFiled Jan 12, 2018Finance and Financial Sector
H.R. 4790

Volcker Rule Regulatory Harmonization Act

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house amended (Apr 13, 2018)

Volcker Rule Regulatory Harmonization Act

(Sec. 2) This bill amends the Bank Holding Company Act of 1956 to grant exclusive rulemaking authority under the Volcker Rule to the Federal Reserve Board. (Currently, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, and the Commodity Futures Trading Commission also have regulatory authority under the Volcker Rule. The Volcker Rule prohibits banking agencies from engaging in proprietary trading or entering into certain relationships with hedge funds and private-equity funds.)

(Sec. 4) The bill exempts from the Volcker Rule banks with total assets: (1) of $10 billion or less, and (2) comprised of 5% or less of trading assets and liabilities.

What just happenedApr 16, 2018

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

Who’s behind it

Rep. Hill, J. French [R-AR-2](R-AR)Sponsor
3 cosponsors2 D1 R
Read on Congress.gov
3cosponsors2committees18actions1amendments3related bills6subjects
  1. Apr 16, 2018IntroReferral

    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. Apr 13, 2018FloorH38310

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

  3. Apr 13, 2018FloorH37100

    On passage Passed by the Yeas and Nays: 300 - 104 (Roll no. 139). (text: CR H3214-3215)

  4. Apr 13, 2018Floor8000

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 300 - 104 (Roll no. 139).(text: CR H3214-3215)

  5. Apr 13, 2018FloorH35000

    The previous question was ordered pursuant to the rule.

  6. Apr 13, 2018FloorH8D000

    DEBATE - The House proceeded with one hour of debate on H.R. 4790.

  7. Apr 13, 2018FloorH8D000

    Rule provides for consideration of H.R. 4790 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. Also, the rule provides for motions to suspend the rules relating to H.J. Res. 2 on the legislative day of April 12, 2018.

  8. Apr 13, 2018FloorH30000

    Considered under the provisions of rule H. Res. 811. (consideration: CR H3214-3223)

  9. Apr 11, 2018FloorH1L220

    Rule H. Res. 811 passed House.

  10. Apr 10, 2018FloorH1L210

    Rules Committee Resolution H. Res. 811 Reported to House. Rule provides for consideration of H.R. 4790 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. Also, the rule provides for motions to suspend the rules relating to H.J. Res. 2 on the legislative day of April 12, 2018.

  11. Apr 5, 2018CalendarsH12410

    Placed on the Union Calendar, Calendar No. 474.

  12. Apr 5, 2018CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 115-621.

    Financial Services Committee
  13. Apr 5, 2018Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 115-621.

    Financial Services Committee
  14. Mar 21, 2018Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 10.

    Financial Services Committee
  15. Mar 21, 2018Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  16. Jan 12, 2018IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  17. Jan 12, 2018IntroReferralIntro-H

    Introduced in House

  18. Jan 12, 2018IntroReferral1000

    Introduced in House

Passed House amendedApr 13, 201836

Volcker Rule Regulatory Harmonization Act

(Sec. 2) This bill amends the Bank Holding Company Act of 1956 to grant exclusive rulemaking authority under the Volcker Rule to the Federal Reserve Board. (Currently, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, and the Commodity Futures Trading Commission also have regulatory authority under the Volcker Rule. The Volcker Rule prohibits banking agencies from engaging in proprietary trading or entering into certain relationships with hedge funds and private-equity funds.)

(Sec. 4) The bill exempts from the Volcker Rule banks with total assets: (1) of $10 billion or less, and (2) comprised of 5% or less of trading assets and liabilities.

Reported to House with amendment(s)Apr 5, 201817

Volcker Rule Regulatory Harmonization Act

This bill amends the Bank Holding Company Act of 1956 to exempt from the Volcker Rule banks with total assets: (1) of $10 billion or less, and (2) comprised of 5% or less of trading assets and liabilities. (The Volcker Rule prohibits banking agencies from engaging in proprietary trading or entering into certain relationships with hedge funds and private-equity funds.)

The bill also grants exclusive rulemaking authority under the Volcker Rule to the Federal Reserve Board. (Currently, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, and the Commodity Futures Trading Commission also have regulatory authority under the Volcker Rule.)

Introduced in HouseJan 12, 2018

This bill amends the Bank Holding Company Act of 1956 to exempt from the Volcker Rule banks with assets of $10 billion or less. (The Volcker Rule prohibits banking agencies from engaging in proprietary trading or entering into certain relationships with hedge funds and private-equity funds.)

The bill also grants exclusive rulemaking authority under the Volcker Rule to the Federal Reserve Board. (Currently, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, and the Commodity Futures Trading Commission also have regulatory authority under the Volcker Rule.)

Volcker Rule Regulatory Harmonization Act — Informed