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114th Congress > House > Vote 865
Clerk session vote number: 165
Sponsor: CAPUANO, Michael Everett (D-MA)
Description: Investor Clarity and Bank Parity Act
Bill summary: (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
Investor Clarity and Bank Parity Act
(Sec. 2) 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."
Bill titles: To amend the Volcker Rule to permit certain investment advisers to share a similar name with a private equity fund, subject to certain restrictions, and for other purposes.
Links for more info on the vote: congress.gov
