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To amend the Bank Holding Company Act of 1956 to place certain limitations on commodity ownership and to repeal the merchant banking authority, and for other purposes.

USA116th CongressHR-7046| House 
| Updated: 5/28/2020
Sean Casten

Sean Casten

Democratic Representative

Illinois

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill limits the types of investment activities banks are allowed to engage in, including certain merchant banking activities and commodities ownership. Additionally, the bill finalizes the Federal Reserve Board's proposed rule published September 30, 2016, regarding physical commodity trading activities conducted by financial holding companies.
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Timeline
May 28, 2020
Introduced in House
May 28, 2020
Referred to the House Committee on Financial Services.
  • May 28, 2020
    Introduced in House
  • May 28, 2020
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Administrative law and regulatory proceduresBanking and financial institutions regulationCommodities marketsCorporate finance and managementFederal Reserve SystemMonetary policy

To amend the Bank Holding Company Act of 1956 to place certain limitations on commodity ownership and to repeal the merchant banking authority, and for other purposes.

USA116th CongressHR-7046| House 
| Updated: 5/28/2020
This bill limits the types of investment activities banks are allowed to engage in, including certain merchant banking activities and commodities ownership. Additionally, the bill finalizes the Federal Reserve Board's proposed rule published September 30, 2016, regarding physical commodity trading activities conducted by financial holding companies.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 28, 2020
Introduced in House
May 28, 2020
Referred to the House Committee on Financial Services.
  • May 28, 2020
    Introduced in House
  • May 28, 2020
    Referred to the House Committee on Financial Services.
Sean Casten

Sean Casten

Democratic Representative

Illinois

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresBanking and financial institutions regulationCommodities marketsCorporate finance and managementFederal Reserve SystemMonetary policy