115th Congress > House > Vote 846

Date: April 13, 2018

Result: 300-104 (Passed)

Clerk session vote number: 139

Sponsor: HILL, French (R-AR)

Bill number: HR4790

Question: On Passage

Description: Volcker Rule Regulatory Harmonization Act

Bill summary: Volcker Rule Regulatory Harmonization Act This bill amends the Bank Holding Company Act of 1956 to exempt from the Volcker Rule banks with total assets: (1) of $10 billion or less, and (2) comprised of 5% or less of trading assets and liabilities. (The Volcker Rule prohibits banking agencies from engaging in proprietary trading or entering into certain relationships with hedge funds and private-equity funds.) The bill also grants exclusive rulemaking authority under the Volcker Rule to the Federal Reserve Board. (Currently, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, and the Commodity Futures Trading Commission also have regulatory authority under the Volcker Rule.)

Bill titles: To amend the Volcker rule to give the Board of Governors of the Federal Reserve System sole rulemaking authority, to exclude community banks from the requirements of the Volcker rule, and for other purposes.

Links for more info on the vote: congress.gov

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