Bill115th CongressFiled Apr 27, 2018Finance and Financial Sector
H.R. 5659
Volcker Rule Relief Act of 2018
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Apr 27, 2018)
Volcker Rule Relief Act of 2018
This bill amends the Bank Holding Company Act of 1956 to exempt from the "Volcker Rule" banks with: (1) total assets valued at less than $10 billion, and (2) trading assets and liabilities comprising not more than 5% of total assets. (The Volcker Rule prohibits banking agencies from engaging in proprietary trading or entering into certain relationships with hedge funds and private-equity funds.)
What just happenedApr 27, 2018
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Love, Mia B. [R-UT-4](R-UT)Sponsor
2 cosponsors2 R
2cosponsors1committees3actions3related bills4subjects
- Introduced in HouseApr 27, 2018
- Apr 27, 2018IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Apr 27, 2018IntroReferralIntro-H
Introduced in House
- Apr 27, 2018IntroReferral1000
Introduced in House