HR 4096 · 114th Congress · Finance and Financial Sector
Investor Clarity and Bank Parity Act
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2016-04-27)
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Plain Language Summary
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Investor Clarity and Bank Parity Act This bill amends the Bank Holding Company Act of 1956 to permit a hedge fund or private equity fund to share the same name, or a variation of the same name, as a banking entity that is an investment advisor to the hedge fund or private equity fund, if: the investment advisor is not an insured depository institution, a company that controls an insured depository institution, or a company treated as a bank holding company for purposes of the International Banking Act of 1978 relating to nonbanking activities of foreign banks; the investment advisor does not share the same name, or a variation of it, as an insured depository institution, a company that controls an insured depository institution, or a company treated as a bank holding company for the specified purposes of the International Banking Act of 1978; and the name does not contain the word "bank."…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 4096, Investor Clarity and Bank Parity Act
Mar 25, 2016As ordered reported by the House Committee on Financial Services on March 2, 2016
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office