3.0.0
2714
2024-07-24T15:22:38Z
2024-07-24T15:22:38Z
House
H
HR
2023-04-19
118
[Congressional Record Volume 169, Number 65 (Wednesday, April 19, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. KAPTUR:H.R. 2714.Congress has the power to enact this legislation pursuantto the following:``To regulate Commerce . . .''The single subject of this legislation is:Commerce[Page H1887]
- hsba00
Financial Services Committee
House
Standing
  - Referred to
2023-04-19T14:05:05Z
- 2023-04-19
Referred to the House Committee on Financial Services.
IntroReferral
H11100
2
House floor actions
  - hsba00
Financial Services Committee
- 2023-04-19
Sponsor introductory remarks on measure. (CR H1875)
IntroReferral
B00100
9
Library of Congress
- 2023-04-19
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2023-04-19
Introduced in House
IntroReferral
1000
9
Library of Congress
- K000009
Rep. Kaptur, Marcy [D-OH-9]
MARCY
KAPTUR
D
OH
9
N
- N000147
Del. Norton, Eleanor Holmes [D-DC-At Large]
ELEANOR
NORTON
D
DC
HOLMES
0
2023-04-19
True
- O000173
Rep. Omar, Ilhan [D-MN-5]
Ilhan
Omar
D
MN
5
2023-04-19
True
- P000597
Rep. Pingree, Chellie [D-ME-1]
Chellie
Pingree
D
ME
1
2023-04-19
True
- W000826
Rep. Wild, Susan [D-PA-7]
Susan
Wild
D
PA
7
2023-04-19
True
- T000481
Rep. Tlaib, Rashida [D-MI-12]
Rashida
Tlaib
D
MI
12
2023-04-19
True
- P000607
Rep. Pocan, Mark [D-WI-2]
Mark
Pocan
D
WI
2
2023-04-19
True
- W000822
Rep. Watson Coleman, Bonnie [D-NJ-12]
Bonnie
Watson Coleman
D
NJ
12
2023-04-19
True
- D000624
Rep. Dingell, Debbie [D-MI-6]
Debbie
Dingell
D
MI
6
2023-04-25
False
- G000559
Rep. Garamendi, John [D-CA-8]
John
Garamendi
D
CA
8
2023-04-25
False
- K000389
Rep. Khanna, Ro [D-CA-17]
Ro
Khanna
D
CA
17
2023-04-25
False
- T000469
Rep. Tonko, Paul [D-NY-20]
Paul
Tonko
D
NY
20
2023-04-25
False
- D000216
Rep. DeLauro, Rosa L. [D-CT-3]
ROSA
DELAURO
D
CT
3
2023-05-15
False
- G000551
Rep. Grijalva, Raúl M. [D-AZ-7]
Raúl
Grijalva
D
AZ
M.
7
2023-05-15
False
- N000179
Rep. Napolitano, Grace F. [D-CA-31]
GRACE
NAPOLITANO
D
CA
F.
31
2023-05-24
False
- S001145
Rep. Schakowsky, Janice D. [D-IL-9]
JANICE
SCHAKOWSKY
D
IL
D.
9
2023-05-24
False
Finance and Financial Sector
Finance and Financial Sector
2023-04-27T14:45:56Z
00
2023-04-19
Introduced in House
2023-12-12T20:47:59Z
Return to Prudent Banking Act of 2023
This bill generally separates the activities of commercial banks and investment banks.
Specifically, the bill prohibits an insured depository institution from affiliating with any person or firm engaged principally in, among other things, issuing or selling stocks, bonds, notes, or other securities.
Officers, directors and employees of securities firms are prohibited from simultaneously serving as an officer, director, or employee of a depository institution, except in specified circumstances.
No entity issuing or selling stocks, bonds, or other securities may engage in the business of receiving deposits, which includes the establishment and maintenance of transaction accounts.
The bill declares that Congress ratifies the interpretation by the Supreme Court in Investment Company Institute v. Camp (ICI) of specified statutory language regarding permissible activities of banks and securities firms. It further declares that the reasoning of the Court in that case shall continue to apply to the limitations placed upon security affiliations as enacted by this bill. No federal banking agency or federal court shall issue an interpretation regarding such security affiliations that is narrower than that of the Court in ICI.

Return to Prudent Banking Act of 2023
- Display Title
45

Return to Prudent Banking Act of 2023
2024-07-24T15:22:38Z
- Short Title(s) as Introduced
101

Return to Prudent Banking Act of 2023
2024-05-24T13:40:47Z
Introduced in House
IH
- Official Title as Introduced
6

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.
2024-03-18T20:38:30Z
Introduced in House
IH
- Introduced in House
2023-04-19T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr2714ih/xml/BILLS-118hr2714ih.xml
2023-04-19
Referred to the House Committee on Financial Services.
text/xml
EN
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