HR 5659 · 115th Congress · Finance and Financial Sector

Volcker Rule Relief Act of 2018

Introduced 2018-04-27· Sponsored by Rep. Love, Mia B. [R-UT-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2018-04-27)

Plain Language Summary

[AI summary unavailable — showing source text] Volcker Rule Relief Act of 2018 This bill amends the Bank Holding Company Act of 1956 to exempt from the "Volcker Rule" banks with: (1) total assets valued at less than $10 billion, and (2) trading assets and liabilities comprising not more than 5% of total assets. (The Volcker Rule prohibits banking agencies from engaging in proprietary trading or entering into certain relationships with hedge funds and private-equity funds.)…

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

Cosponsors (2)

2 Republicans
Rep. Huizenga, Bill [R-MI-2]MI
Rep. Moolenaar, John R. [R-MI-4]MI