United States · Bill · HR
H.R. 5180 (116th)
Protecting Consumers from Market Manipulation Act
Introduced
19 November 2019
Last action
—
Status
Referred to the House Committee on Financial Services.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
Protecting Consumers from Market Manipulation Act This bill prohibits large nonfinancial companies from engaging in financial activities that would result in producing the lower of (1) 5% of the company's revenue, or (2) $1,000,000,000 in revenue. The bill limits the types of investment activities banks are allowed to engage in, including certain merchant banking activities. The Financial Stability Oversight Council and the Federal Reserve must report on issues related to digital currency.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 19 November 2019
Introduced in House (PDF)
Introduced in House · EN · 19 November 2019
Introduced in House
summary · EN · 19 November 2019
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/116th-congress/house-bill/5180
- Open data entity: https://api.congress.gov/v3/bill/116/hr/5180