Restoring Proven Financing for American Employers Act

House Bill 1841 - Restoring Proven Financing for American Employers Act: Overview, Status, and Impact

Hozzl · 2023-01-11T13:27:41Z

Explore the details of House Bill 1841 Restoring Proven Financing for American Employers Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

1/11/2023, 1:27 PM

Congressional Summary of HR 1841

Restoring Proven Financing for American Employers Act

This bill amends the Bank Holding Company Act of 1956 governing certain prohibitions on proprietary trading by banking entities and certain relationships with hedge funds and private equity funds (Volcker Rule).

It delays until July 21, 2019, the requirement that a banking entity or nonbank financial company supervised by the Board of Governors of the Federal Reserve System bring into compliance with the Volcker Rule its activities related to or investments in any debt securities of collateralized loan obligations issued before January 31, 2014.

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Current Status of Bill HR 1841

Bill HR 1841 is currently in the status of Bill Introduced since April 16, 2015. Bill HR 1841 was introduced during Congress 114 and was introduced to the House on April 16, 2015. Bill HR 1841's most recent activity was Referred to the House Committee on Financial Services. as of April 16, 2015

Bipartisan Support of Bill HR 1841

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1841

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Banking and financial institutions regulation

- Financial services and investments

- Securities

Alternate Title(s) of Bill HR 1841

Restoring Proven Financing for American Employers Act

To amend section 13 of the Bank Holding Company Act of 1956, known as the Volcker Rule, to exclude certain debt securities of collateralized loan obligations from the prohibition against acquiring or retaining an ownership interest in a hedge fund or private equity fund.

Restoring Proven Financing for American Employers Act