3.0.0 4096 2023-01-11T13:29:21Z 2023-01-11T13:29:21Z House HR 2015-11-19 114 [Congressional Record Volume 161, Number 171 (Thursday, November 19, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CAPUANO:H.R. 4096.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8.[Page H8413]]]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2016-04-27T19:01:49Z hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Hearings by 2016-02-24T16:06:29Z Reported by 2016-04-26T15:15:30Z Markup by 2016-03-02T14:10:33Z Referred to 2015-11-19T14:31:20Z H. Rept. 114-523 2016-04-27 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2016-04-26 19:05:11 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2016-04-26 19:05:10 On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 395 - 3 (Roll no. 165). (text: CR H1949) Floor H37300 2 House floor actions 165 https://clerk.house.gov/evs/2016/roll165.xml House 114 2016-04-26T23:05:10Z 2 2016-04-26 19:05:10 Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 395 - 3 (Roll no. 165).(text: CR H1949) Floor 8000 9 Library of Congress 165 https://clerk.house.gov/evs/2016/roll165.xml House 114 2016-04-26T23:05:10Z 2 2016-04-26 18:57:46 Considered as unfinished business. (consideration: CR H1988-1989) Floor H30000 2 House floor actions 2016-04-26 15:09:00 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. Floor H37220 2 House floor actions 2016-04-26 15:03:59 DEBATE - The House proceeded with forty minutes of debate on H.R. 4096. Floor H8D000 2 House floor actions 2016-04-26 15:03:57 Considered under suspension of the rules. (consideration: CR H1949-1950) Floor H30000 2 House floor actions 2016-04-26 15:03:43 Mr. Garrett moved to suspend the rules and pass the bill. Floor H30300 2 House floor actions 2016-04-26 Placed on the Union Calendar, Calendar No. 403. Calendars H12410 2 House floor actions U00403 2016-04-26 Reported by the Committee on Financial Services. H. Rept. 114-523. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2016-04-26 Reported by the Committee on Financial Services. H. Rept. 114-523. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2016-03-02 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by Voice Vote. Committee 2016-03-02 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2016-02-24 hsba16 Capital Markets Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral. Committee 2015-11-19 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2015-11-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-11-19 Introduced in House IntroReferral 1000 9 Library of Congress C001037 Rep. Capuano, Michael E. [D-MA-7] MICHAEL CAPUANO D MA E. 7 N S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2015-11-19 True M001189 Rep. Messer, Luke [R-IN-6] Luke Messer R IN 6 2016-03-02 False 2016-03-25T15:24:00Z H.R. 4096, Investor Clarity and Bank Parity Act https://www.cbo.gov/publication/51423 As ordered reported by the House Committee on Financial Services on March 2, 2016 Finance and Financial Sector Banking and financial institutions regulation Financial services and investments Securities Finance and Financial Sector 00 2015-11-19 Introduced in House 2016-03-21T19:16:59Z 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, as a banking entity that is an investment advisor to the hedge fund or private equity fund, if:

  • the investment advisor is not an insured depository institution, a company that controls an insured depository institution, or a company treated as a bank holding company for purposes of the International Banking Act of 1978 relating to nonbanking activities of foreign banks;
  • the investment advisor does not share the same name, or a variation of it, as an insured depository institution, a company that controls an insured depository institution, or a company treated as a bank holding company for the specified purposes of the International Banking Act of 1978; and
  • the name does not contain the word "bank."
]]> 81 2016-04-26 Passed House without amendment 2016-05-02T19:17:44Z (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

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, as a banking entity that is an investment advisor to the hedge fund or private equity fund, if:

  • the investment advisor is not an insured depository institution, a company that controls an insured depository institution, or a company treated as a bank holding company for purposes of the International Banking Act of 1978 relating to nonbanking activities of foreign banks;
  • the investment advisor does not share the same name, or a variation of it, as an insured depository institution, a company that controls an insured depository institution, or a company treated as a bank holding company for the specified purposes of the International Banking Act of 1978; and
  • the name does not contain the word "bank."
]]> Investor Clarity and Bank Parity Act Display Title Investor Clarity and Bank Parity Act Official Title as Introduced To amend the Volcker Rule to permit certain investment advisers to share a similar name with a private equity fund, subject to certain restrictions, and for other purposes. Introduced in House IH Short Titles as Introduced Investor Clarity and Bank Parity Act Short Titles as Reported to House Investor Clarity and Bank Parity Act H House Short Titles as Passed House Investor Clarity and Bank Parity Act H House Referred in Senate 2016-04-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr4096rfs/xml/BILLS-114hr4096rfs.xml Engrossed in House 2016-04-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr4096eh/xml/BILLS-114hr4096eh.xml Reported in House 2016-04-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr4096rh/xml/BILLS-114hr4096rh.xml Introduced in House 2015-11-19T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr4096ih/xml/BILLS-114hr4096ih.xml 2016-04-27 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.