H.R. 3093 · 115th Congress
Investor Clarity and Bank Parity Act
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Passed the House without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 115th Congress ended.
D
CapuanoSponsor5 cosponsors · 3 D, 2 R
4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Jun 28, 2017
- House Passed Dec 11, 2017
What it does: CRS summary · 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."
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Investor Clarity and Bank Parity Act
Latest action (Dec 12, 2017): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jun 28, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- House Introduced Jun 28, 2017
- House Passed Dec 11, 2017
No recorded floor vote found.