3.0.0 5180 2022-10-28T02:00:27Z 2022-10-28T02:00:27Z House HR 2019-11-19 116 [Congressional Record Volume 165, Number 185 (Tuesday, November 19, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GARCIA of Illinois:H.R. 5180.Congress has the power to enact this legislation pursuantto the following:Article I, Section VIII, Clause III[Page H9058]]]> hsba00 Financial Services Committee House Standing Referred to 2019-11-19T15:02:25Z 2019-11-19 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2019-11-19 Sponsor introductory remarks on measure. (CR E1468) IntroReferral B00100 9 Library of Congress 2019-11-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-11-19 Introduced in House IntroReferral 1000 9 Library of Congress G000586 Rep. Garcia, Jesus G. "Chuy" [D-IL-4] Jesus Garcia D IL G. 4 N T000481 Rep. Tlaib, Rashida [D-MI-13] Rashida Tlaib D MI 13 2019-11-19 True J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2019-11-19 True G000551 Rep. Grijalva, Raúl M. [D-AZ-3] Raúl Grijalva D AZ M. 3 2019-12-05 False Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Congressional oversight Corporate finance and management Currency Digital media Federal Reserve System Government studies and investigations Internet and video services Internet, web applications, social media Monetary policy Finance and Financial Sector 00 2019-11-19 Introduced in House 2021-02-01T17:47:17Z Protecting Consumers from Market Manipulation Act

This bill prohibits large nonfinancial companies from engaging in financial activities that would result in producing the lower of (1) 5% of the company's revenue, or (2) $1,000,000,000 in revenue. The bill limits the types of investment activities banks are allowed to engage in, including certain merchant banking activities.

The Financial Stability Oversight Council and the Federal Reserve must report on issues related to digital currency.

]]> Protecting Consumers from Market Manipulation Act Display Title Protecting Consumers from Market Manipulation Act Official Title as Introduced To amend the Bank Holding Company Act of 1956 to restore the separation between banking and commerce by prohibiting bank holding company ownership of non-financial assets, and for other purposes. Introduced in House IH Short Title(s) as Introduced Protecting Consumers from Market Manipulation Act Introduced in House IH Introduced in House 2019-11-19T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr5180ih/xml/BILLS-116hr5180ih.xml 2019-11-19 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.