United States · Bill · HR
H.R. 4167 (113th)
Restoring Proven Financing for American Employers Act
Introduced
6 March 2014
Last action
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Status
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
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Subjects
Discovery layer
Source updated
7 April 2025
Summary
Restoring Proven Financing for American Employers Act - Amends the Bank Holding Company Act of 1956 with respect to certain prohibitions on proprietary trading by banking entities and certain relationships with hedge funds and private equity funds (Volcker Rule). Prohibits the Volcker Rule from being construed to require divestiture of any debt securities of collateralized loan obligations issued before January 31, 2014. Declares that a banking entity shall not be considered to have an ownership interest in a collateralized loan obligation because it acquires or retains a debt security in it if the debt security has no indicia of ownership other than the right of the banking entity to participate in the removal for cause, or in the selection of a replacement after removal for cause or resignation, of an investment manager or investment adviser of the collateralized loan obligation. Defines "collateralized loan obligation" as any issuing entity of an asset-backed security comprised primarily of commercial loans.
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Timeline
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Votes
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Versions
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Documents
8 official files
Referred in Senate (text)
Referred in Senate (text)
Referred in Senate · EN · 30 April 2014
Referred in Senate (PDF)
Referred in Senate · EN · 30 April 2014
Engrossed in House (text)
Engrossed in House · EN · 29 April 2014
Engrossed in House (PDF)
Engrossed in House · EN · 29 April 2014
Passed House amended
summary · EN · 29 April 2014
Introduced in House (text)
Introduced in House · EN · 6 March 2014
Introduced in House (PDF)
Introduced in House · EN · 6 March 2014
Introduced in House
summary · EN · 6 March 2014
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/113th-congress/house-bill/4167
- Open data entity: https://api.congress.gov/v3/bill/113/hr/4167