3.0.0 7046 2023-01-11T13:42:48Z 2023-01-11T13:42:48Z House HR 2020-05-28 116 [Congressional Record Volume 166, Number 100 (Thursday, May 28, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CASTEN of Illinois:H.R. 7046.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 Clause 3[Page H2359]]]> hsba00 Financial Services Committee House Standing Referred to 2020-05-28T13:01:10Z 2020-05-28 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-05-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-05-28 Introduced in House IntroReferral 1000 9 Library of Congress C001117 Rep. Casten, Sean [D-IL-6] Sean Casten D IL 6 N Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Commodities markets Corporate finance and management Federal Reserve System Monetary policy Finance and Financial Sector 00 2020-05-28 Introduced in House 2021-03-19T19:11:52Z 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.

]]> 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. Display Title 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. Official Title as Introduced 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. Introduced in House IH Introduced in House 2020-05-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7046ih/xml/BILLS-116hr7046ih.xml 2020-05-28 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.