To amend the Bank Holding Company Act of 1956 to place certain limitations on commodity ownership and to repeal the merchant banking authority, and for other purposes.

Summary

This bill limits the types of investment activities banks are allowed to engage in, including certain merchant banking activities and commodities ownership. Additionally, the bill finalizes the Federal Reserve Board's proposed rule published September 30, 2016, regarding physical commodity trading activities conducted by financial holding companies.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 28 May 2020

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 28 May 2020

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 May 2020

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 28 May 2020 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 28 May 2020

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 28 May 2020

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 28 May 2020

  Open at official source

Sponsors

• Sean Casten · D · Sponsor
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.