3.0.0 3701 2023-01-11T13:23:37Z 2023-01-11T13:23:37Z House H HR 2013-12-11 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. KING of New York:H.R. 3701.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3:The Congress shall have Power . . . To regulate Commercewith foreign Nations, and among the several States, and withthe Indian Tribes.[Page H7688]]]> hsba00 Financial Services Committee House Standing Referred to 2013-12-11T15:02:30Z 2013-12-11 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2013-12-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-12-11 Introduced in House IntroReferral 1000 9 Library of Congress K000210 Rep. King, Peter T. [R-NY-2] PETER KING R NY T. 2 N H001058 Rep. Huizenga, Bill [R-MI-2] Bill Huizenga R MI 2 2013-12-11 True G000569 Rep. Grimm, Michael G. [R-NY-11] Michael Grimm R NY G. 11 2013-12-11 True M001139 Rep. Miller, Gary G. [R-CA-31] GARY MILLER R CA 31 2013-12-11 True Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Commodity Futures Trading Commission Corporate finance and management Department of the Treasury Federal Deposit Insurance Corporation (FDIC) Federal Reserve System Financial services and investments Foreign and international banking Securities and Exchange Commission (SEC) Finance and Financial Sector 00 2013-12-11 Introduced in House 2014-03-04T20:59:54Z U.S. Financial Services Global Viability Act - Amends the Bank Holding Company Act of 1956 to delay the effective date for prohibitions or the mandate for related rulemaking against proprietary trading by a banking entity and any equity, partnership, or other ownership interest of a banking entity in or sponsorship of hedge funds or private equity funds. (Currently the effective date of such prohibitions and the mandate to make related regulations is the earlier of 12 months after the date of the issuance of final rules or 2 years after the date of enactment [July 21, 2010].)

Delays the effective date of such prohibitions and regulatory mandate until the Secretary of the Treasury: (1) identifies the foreign countries having foreign banks chartered and headquartered in them that compete significantly with banking entities subject to such Act, and (2) certifies that such countries have applied to such foreign banks (including subsidiaries and affiliates) requirements equivalent to those set forth under such Act.

]]> U.S. Financial Services Global Viability Act Display Title U.S. Financial Services Global Viability Act Official Title as Introduced To make improvements to provisions of the Bank Holding Company Act of 1956 relating to proprietary trading by banking entities. Introduced in House IH Short Titles as Introduced U.S. Financial Services Global Viability Act Introduced in House 2013-12-11T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr3701ih/xml/BILLS-113hr3701ih.xml 2013-12-11 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.