3.0.0 381 2023-01-11T13:29:06Z 2023-01-11T13:29:06Z House HR 2015-01-14 114 [Congressional Record Volume 161, Number 7 (Wednesday, January 14, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. KAPTUR:H.R. 381.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to power granted to Congressunder Article I, Section 8 of the United States Constitution.[Page H407]]]> hsba00 Financial Services Committee House Standing Referred to 2015-01-14T14:01:15Z 2015-01-14 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2015-01-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-01-14 Introduced in House IntroReferral 1000 9 Library of Congress K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 N J000255 Rep. Jones, Walter B., Jr. [R-NC-3] WALTER JONES R NC B. 3 2015-01-14 True B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2015-01-14 True C000984 Rep. Cummings, Elijah E. [D-MD-7] ELIJAH CUMMINGS D MD E. 7 2015-01-14 True J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 2015-01-14 True C001037 Rep. Capuano, Michael E. [D-MA-7] MICHAEL CAPUANO D MA E. 7 2015-01-14 True L000579 Rep. Lowenthal, Alan S. [D-CA-47] Alan Lowenthal D CA S. 47 2015-01-14 True L000562 Rep. Lynch, Stephen F. [D-MA-8] Stephen Lynch D MA F. 8 2015-01-14 True M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2015-01-14 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2015-01-14 True R000053 Rep. Rangel, Charles B. [D-NY-13] CHARLES RANGEL D NY B. 13 2015-01-14 True S000480 Rep. Slaughter, Louise McIntosh [D-NY-25] LOUISE SLAUGHTER D NY M. 25 2015-01-14 True T000469 Rep. Tonko, Paul [D-NY-20] Paul Tonko D NY 20 2015-01-14 True T000465 Rep. Tsongas, Niki [D-MA-3] Niki Tsongas D MA 3 2015-01-14 True G000559 Rep. Garamendi, John [D-CA-3] John Garamendi D CA 3 2015-01-14 True W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2015-01-14 True G000410 Rep. Green, Gene [D-TX-29] GENE GREEN D TX 29 2015-01-14 True J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2015-01-20 False 2015-12-09 L000563 Rep. Lipinski, Daniel [D-IL-3] Daniel Lipinski D IL William 3 2015-01-20 False R000577 Rep. Ryan, Tim [D-OH-13] TIM RYAN D OH 13 2015-01-26 False P000258 Rep. Peterson, Collin C. [D-MN-7] COLLIN PETERSON D MN C. 7 2015-01-26 False V000108 Rep. Visclosky, Peter J. [D-IN-1] PETER VISCLOSKY D IN J. 1 2015-01-26 False J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2015-01-26 False N000127 Rep. Nolan, Richard M. [D-MN-8] RICHARD NOLAN D MN 8 2015-01-26 False D000399 Rep. Doggett, Lloyd [D-TX-35] LLOYD DOGGETT D TX 35 2015-01-26 False P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2015-02-02 False Y000062 Rep. Yarmuth, John A. [D-KY-3] John Yarmuth D KY A. 3 2015-02-02 False G000556 Rep. Grayson, Alan [D-FL-9] Alan Grayson D FL 9 2015-02-05 False S000030 Rep. Sanchez, Loretta [D-CA-46] LORETTA SANCHEZ D CA 46 2015-02-09 False C001077 Rep. Coffman, Mike [R-CO-6] Mike Coffman R CO 6 2015-02-09 False S001175 Rep. Speier, Jackie [D-CA-14] Jackie Speier D CA 14 2015-02-12 False M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 2015-03-16 False W000799 Rep. Walz, Timothy J. [D-MN-1] Timothy Walz D MN J. 1 2015-03-23 False S001180 Rep. Schrader, Kurt [D-OR-5] Kurt Schrader D OR 5 2015-03-23 False C000714 Rep. Conyers, John, Jr. [D-MI-13] JOHN CONYERS D MI 13 2015-04-13 False K000368 Rep. Kirkpatrick, Ann [D-AZ-1] Ann Kirkpatrick D AZ 1 2015-04-22 False H001063 Rep. Hahn, Janice [D-CA-44] Janice Hahn D CA 44 2015-04-22 False D000191 Rep. DeFazio, Peter A. [D-OR-4] PETER DEFAZIO D OR A. 4 2015-04-22 False G000571 Rep. Gabbard, Tulsi [D-HI-2] Tulsi Gabbard D HI 2 2015-04-22 False G000551 Rep. Grijalva, Raúl M. [D-AZ-3] Raúl Grijalva D AZ M. 3 2015-05-01 False H001034 Rep. Honda, Michael M. [D-CA-17] MICHAEL HONDA D CA M. 17 2015-05-01 False L000551 Rep. Lee, Barbara [D-CA-13] BARBARA LEE D CA 13 2015-05-01 False Y000065 Rep. Yoho, Ted S. [R-FL-3] Ted Yoho R FL S. 3 2015-05-01 False N000179 Rep. Napolitano, Grace F. [D-CA-32] GRACE NAPOLITANO D CA F. 32 2015-05-01 False D000617 Rep. DelBene, Suzan K. [D-WA-1] Suzan DelBene D WA K. 1 2015-05-15 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2015-05-15 False F000455 Rep. Fudge, Marcia L. [D-OH-11] Marcia Fudge D OH L. 11 2015-05-15 False C001084 Rep. Cicilline, David N. [D-RI-1] David Cicilline D RI N. 1 2015-05-15 False L000571 Rep. Lummis, Cynthia M. [R-WY-At Large] Cynthia Lummis R WY M. 0 2015-05-15 False P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 2015-05-20 False B001270 Rep. Bass, Karen [D-CA-37] Karen Bass D CA 37 2015-05-20 False L000397 Rep. Lofgren, Zoe [D-CA-19] ZOE LOFGREN D CA 19 2015-05-20 False B001227 Rep. Brady, Robert A. [D-PA-1] ROBERT BRADY D PA A. 1 2015-05-21 False H000324 Rep. Hastings, Alcee L. [D-FL-20] ALCEE HASTINGS D FL L. 20 2015-05-21 False D000482 Rep. Doyle, Michael F. [D-PA-14] MIKE DOYLE D PA 14 2015-06-04 False D000623 Rep. DeSaulnier, Mark [D-CA-11] Mark DeSaulnier D CA 11 2015-06-04 False C001080 Rep. Chu, Judy [D-CA-27] Judy Chu D CA 27 2015-06-04 False D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2015-06-04 False G000535 Rep. Gutierrez, Luis V. [D-IL-4] LUIS GUTIERREZ D IL V. 4 2015-06-04 False T000193 Rep. Thompson, Bennie G. [D-MS-2] BENNIE THOMPSON D MS 2 2015-06-12 False D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 2015-06-12 False D000624 Rep. Dingell, Debbie [D-MI-12] Debbie Dingell D MI 12 2015-07-14 False 2015-09-11 E000290 Rep. Edwards, Donna F. [D-MD-4] Donna Edwards D MD F. 4 2015-07-14 False R000486 Rep. Roybal-Allard, Lucille [D-CA-40] LUCILLE ROYBAL-ALLARD D CA 40 2015-07-14 False W000822 Rep. Watson Coleman, Bonnie [D-NJ-12] Bonnie Watson Coleman D NJ 12 2015-07-23 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2015-07-29 False E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2015-09-16 False S001177 Del. Sablan, Gregorio Kilili Camacho [D-MP-At Large] Gregorio Sablan D MP Kilili Camacho 0 2015-09-16 False B000911 Rep. Brown, Corrine [D-FL-5] CORRINE BROWN D FL 5 2015-10-01 False S000248 Rep. Serrano, Jose E. [D-NY-15] JOSE SERRANO D NY E. 15 2015-10-28 False F000043 Rep. Fattah, Chaka [D-PA-2] CHAKA FATTAH D PA 2 2015-11-03 False B001292 Rep. Beyer, Donald S., Jr. [D-VA-8] Donald Beyer D VA S. 8 2016-01-07 False G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2016-03-01 False L000582 Rep. Lieu, Ted [D-CA-33] Ted Lieu D CA 33 2016-09-07 False W000808 Rep. Wilson, Frederica S. [D-FL-24] Frederica Wilson D FL S. 24 2016-11-17 False Finance and Financial Sector Administrative remedies Banking and financial institutions regulation Corporate finance and management Department of the Treasury Federal Reserve System Federal appellate courts Federal district courts Financial services and investments Securities Supreme Court Finance and Financial Sector 00 2015-01-14 Introduced in House 2015-01-30T22:15:54Z Return to Prudent Banking Act of 2015

Amends the Federal Deposit Insurance Act (FDIA) to prohibit an insured depository institution from being an affiliate of any broker or dealer, investment adviser, investment company, or any other person or entity engaged principally in the issue, flotation, underwriting, public sale, or distribution of stocks, bonds, debentures, notes, or other securities.

Prohibits officers, directors and employees of securities firms from simultaneous service on the boards of depository institutions, except in specified circumstances.

Requires any such individual serving as an officer, director, employee, or other institution-affiliated party of any insured depository institution to terminate such service as soon as practicable after enactment of this Act. Requires an insured depository institution to wind-down in an orderly manner and terminate any affiliation prohibited by this Act.

Amends the Banking Act of 1933 (Glass-Steagall Act) to expand its prohibition against the transaction of banking activities by securities firms.

Declares that Congress ratifies the interpretation by the Supreme Court of specified statutory language in the case of Investment Company Institute v. Camp (ICI) regarding permissible activities of banks and securities firms.

Declares that the reasoning of the Court in that case shall continue to apply to the limitations placed upon security affiliations under the FDIA as enacted by this Act. Prohibits a federal banking agency or federal court from issuing an interpretation regarding such security affiliations that is narrower than that of the Court in ICI.

Makes technical and conforming changes to the Gramm-Leach-Bliley Act, the Revised Statutes of the United States, and specified federal law.

Requires the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, or another appropriate federal banking agency to report to Congress a detailed description of the basis for its decision each time it makes a determination or grants an extension concerning an affiliation between insured depository institutions and investment banks or securities firms.

]]> Return to Prudent Banking Act of 2015 Display Title Return to Prudent Banking Act of 2015 Official Title as Introduced To repeal certain provisions of the Gramm-Leach-Bliley Act and revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so-called "Glass-Steagall Act", and for other purposes. Introduced in House IH Short Titles as Introduced Return to Prudent Banking Act of 2015 Introduced in House 2015-01-14T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr381ih/xml/BILLS-114hr381ih.xml 2015-01-14 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.