This bill amends the Bank Holding Company Act of 1956 to exempt from the Volcker Rule banks with assets of $10 billion or less. (The Volcker Rule prohibits banking agencies from engaging in proprietary trading or entering into certain relationships with hedge funds and private-equity funds.)
The bill also grants 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.)
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2018-04-16 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2018-04-13 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2018-04-13 | Vote | On passage Passed by the Yeas and Nays: 300 - 104 (Roll no. 139). (text: CR H3214-3215) | House floor actions |
| 2018-04-13 | Floor | The previous question was ordered pursuant to the rule. | House floor actions |
| 2018-04-13 | Floor | DEBATE - The House proceeded with one hour of debate on H.R. 4790. | House floor actions |
| 2018-04-13 | Floor | Rule provides for consideration of H.R. 4790 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. Also, the rule provides for motions to suspend the rules relating to H.J. Res. 2 on the legislative day of April 12, 2018. | House floor actions |
| 2018-04-13 | Floor | Considered under the provisions of rule H. Res. 811. (consideration: CR H3214-3223) | House floor actions |
| 2018-04-11 | Floor | Rule H. Res. 811 passed House. | House floor actions |
| 2018-04-10 | Floor | Rules Committee Resolution H. Res. 811 Reported to House. Rule provides for consideration of H.R. 4790 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. Also, the rule provides for motions to suspend the rules relating to H.J. Res. 2 on the legislative day of April 12, 2018. | House floor actions |
| 2018-04-05 | Calendars | Placed on the Union Calendar, Calendar No. 474. | House floor actions |
| 2018-04-05 | Committee | Reported (Amended) by the Committee on Financial Services. H. Rept. 115-621. | House floor actions |
| 2018-03-21 | Committee | Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 10. | House committee actions |
| 2018-03-21 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2018-01-12 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2018-01-12 | IntroReferral | Introduced in House | Library of Congress |