S 2839 · 116th Congress · Finance and Financial Sector

Eliminating Corporate Shadow Banking Act of 2019

Introduced 2019-11-12· Sponsored by Sen. Kennedy, John [R-LA]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-271.(2019-12-05)

Plain Language Summary

[AI summary unavailable — showing source text] Eliminating Corporate Shadow Banking Act of 2019 This bill provides for the regulation of industrial loan companies by the Federal Reserve. Industrial loan companies must comply with specified reporting, examination, and ownership requirements. (Industrial loan companies may generally provide services similar to depository institutions, but their parent holding company may be a nonfinancial, commercial firm.)…

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