H.R. 4790 — 115th Congress
Volcker Rule Regulatory Harmonization Act
Sponsor
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Latest action
Apr 16, 2018Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
CRS summary
As of Apr 13, 2018Passed House amended
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.
Congressional Research Service, via api.congress.gov (public domain)
Roll-call votes
1 on recordApr 13, 2018 · On Passage
Full roll callYea — 300: 220 R · 77 D · 2 I · 1 L
Nay — 104: 103 D · 1 R
Not Voting — 25: 13 R · 12 D
Member pages currently show roll-call votes from the 119th Congress only. The “Member pages” column marks votes from that congress.