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Restoring Proven Financing for American Employers Act
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.
Read the Full Bill
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
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 1841
Primary Policy Focus
Finance and Financial SectorPotential 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
Comments
Sponsors and Cosponsors of HR 1841
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