HR 3838 · 115th Congress · Finance and Financial Sector

Trust Preferred Securities Act of 2017

Introduced 2017-09-26· Sponsored by Rep. Duffy, Sean P. [R-WI-7]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2017-09-26)

Plain Language Summary

[AI summary unavailable — showing source text] Trust Preferred Securities Act of 2017 This bill requires federal banking agencies to treat as qualifying capital instruments certain investments in the capital of unconsolidated financial institutions. Specifically, the bill applies to investments in trust-preferred securities held prior to July 21, 2010, by a depository institution or holding company.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (4)

1 Democrat3 Republicans
Rep. Kelly, Trent [R-MS-1]MS
Rep. Thompson, Bennie G. [D-MS-2]MS
Rep. Harper, Gregg [R-MS-3]MS
Rep. Lucas, Frank D. [R-OK-3]OK