Investor Clarity and Bank Parity Act

Bill: 115-hr-3093
Sponsor: Rep. Capuano, Michael E. [D-MA-7]
Introduced: 2017-06-28 in the House
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation
Financial services and investments
Securities

Summary:
action_date: 2017-06-28
text: 

Investor Clarity and Bank Parity Act

 
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, with a banking entity that is an investment adviser to the hedge fund or private-equity fund, if: 
 
 
the investment adviser is not, and does not share the same name with, an insured depository institution, a company that controls an insured depository institution, or a company treated as a bank holding company for purposes of specified provisions of law relating to nonbanking activities of foreign banks; and 
 
the name does not contain the word "bank." 


action_date: 2017-11-28
text: 

Investor Clarity and Bank Parity Act

 
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, with a banking entity that is an investment adviser to the hedge fund or private-equity fund, if: 
 
 
the investment adviser is not, and does not share the same name with, an insured depository institution, a company that controls an insured depository institution, or a company treated as a bank holding company for purposes of specified provisions of law relating to nonbanking activities of foreign banks; and 
 
the name does not contain the word "bank." 


action_date: 2017-12-11
text: 

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, with a banking entity that is an investment adviser to the hedge fund or private-equity fund, if: 
 
 
the investment adviser is not, and does not share the same name with, an insured depository institution, a company that controls an insured depository institution, or a company treated as a bank holding company for purposes of specified provisions of law relating to nonbanking activities of foreign banks; and 
 
the name does not contain the word "bank." 



Legislative actions:
action_date: 2017-12-12
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2017-12-11
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2017-12-11
text: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H9773)
action_date: 2017-12-11
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H9773)
action_date: 2017-12-11
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 3093.
action_date: 2017-12-11
text: Considered under suspension of the rules. (consideration: CR H9773)
action_date: 2017-12-11
text: Mr. Luetkemeyer moved to suspend the rules and pass the bill.
action_date: 2017-11-28
text: Placed on the Union Calendar, Calendar No. 316.
action_date: 2017-11-28
text: Reported by the Committee on Financial Services. H. Rept. 115-426.
action_date: 2017-11-28
text: Reported by the Committee on Financial Services. H. Rept. 115-426.
action_date: 2017-11-14
text: Ordered to be Reported by Voice Vote.
action_date: 2017-11-14
text: Committee Consideration and Mark-up Session Held.
action_date: 2017-06-28
text: Referred to the House Committee on Financial Services.
action_date: 2017-06-28
text: Introduced in House
action_date: 2017-06-28
text: Introduced in House