US HR5659

Bill

Volcker Rule Relief Act of 2018

Introduced
04/27/2018

In Committee
04/27/2018

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

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.)

AI Summary

This bill, the Volcker Rule Relief Act of 2018, amends the Bank Holding Company Act of 1956 to exempt certain banks from the Volcker Rule. The Volcker Rule prohibits banks from engaging in proprietary trading or certain relationships with hedge funds and private-equity funds. Under this bill, banks with total assets of less than $10 billion and trading assets and liabilities comprising not more than 5% of their total assets would be exempt from the Volcker Rule.

Committee Categories

Business and Industry

Sponsors (3)

Mia Love (R)*, Bill Huizenga (R), John Moolenaar (R),

Last Action

Referred to the House Committee on Financial Services. (on 04/27/2018)

Official Document

https://www.congress.gov/bill/115th-congress/house-bill/5659/all-info

(4 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/115th-congress/house-bill/5659/all-info
BillText	https://www.congress.gov/115/bills/hr5659/BILLS-115hr5659ih.pdf
Bill	https://www.congress.gov/115/bills/hr5659/BILLS-115hr5659ih.pdf.pdf

Bill	Bill Name	Last Action	Type
HR4790	Volcker Rule Regulatory Harmonization Act	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR6147	Interior, Environment, Financial Services, and General Government Appropriations Act, 2019	Message on Senate action sent to the House.	Related
HRes905	Providing for consideration of the bill (H.B. 5515) to authorize appropriations for fiscal year 2019 for military activities of the Department of Defense and for military construction, to prescribe military personnel strengths for such fiscal year, and for other purposes; providing for consideration of the bill (S. 204) to authorize the use of unapproved medical products by patients diagnosed with a terminal illness in accordance with State law, and for other purposes; and providing for consider	Motion to reconsider laid on the table Agreed to without objection.	Similar To
S2155	Economic Growth, Regulatory Relief, and Consumer Protection Act	Became Public Law No: 115-174.	Related

Bill > HR5659

US HR5659

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (3)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary