Protecting Consumers from Market Manipulation Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Nov 19, 2019)
Protecting Consumers from Market Manipulation Act
This bill prohibits large nonfinancial companies from engaging in financial activities that would result in producing the lower of (1) 5% of the company's revenue, or (2) $1,000,000,000 in revenue. The bill limits the types of investment activities banks are allowed to engage in, including certain merchant banking activities.
The Financial Stability Oversight Council and the Federal Reserve must report on issues related to digital currency.
What just happenedNov 19, 2019
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseNov 19, 2019
- Nov 19, 2019IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Nov 19, 2019IntroReferralB00100
Sponsor introductory remarks on measure. (CR E1468)
- Nov 19, 2019IntroReferralIntro-H
Introduced in House
- Nov 19, 2019IntroReferral1000
Introduced in House