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Eliminating Corporate Shadow Banking Act of 2019
11/1/2022, 5:02 AM
Congressional Summary of S 2839
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.)
Read the Full Bill
Current Status of Bill S 2839
Bill S 2839 is currently in the status of Bill Introduced since November 12, 2019. Bill S 2839 was introduced during Congress 116 and was introduced to the Senate on November 12, 2019. Bill S 2839's most recent activity was Committee on Banking, Housing, and Urban Affairs. Hearings held. as of December 5, 2019
Bipartisan Support of Bill S 2839
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 S 2839
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Administrative law and regulatory procedures
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Business records
- Corporate finance and management
- Credit and credit markets
- Federal Reserve System
- Licensing and registrations
Alternate Title(s) of Bill S 2839
Eliminating Corporate Shadow Banking Act of 2019
Eliminating Corporate Shadow Banking Act of 2019
A bill to amend the Bank Holding Company Act of 1956 to regulate industrial bank holding companies, and for other purposes.
Comments
Sponsors and Cosponsors of S 2839
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