H.R. 3093 — Investor Clarity and Bank Parity Act

Summary

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, with a banking entity that is an investment adviser to the hedge fund or private-equity fund, if:

the investment adviser is not, and does not share the same name with, an insured depository institution, a company that controls an insured depository institution, or a company treated as a bank holding company for purposes of specified provisions of law relating to nonbanking activities of foreign banks; and
the name does not contain the word "bank."

Legislative Actions

2017-06-28

Introduced in House

2017-06-28

Introduced in House

2017-06-28

Referred to the House Committee on Financial Services.

2017-11-14

Committee Consideration and Mark-up Session Held.

2017-11-14

Ordered to be Reported by Voice Vote.

2017-11-28

Reported by the Committee on Financial Services. H. Rept. 115-426.

2017-11-28

Reported by the Committee on Financial Services. H. Rept. 115-426.

2017-11-28

Placed on the Union Calendar, Calendar No. 316.

2017-12-11

Mr. Luetkemeyer moved to suspend the rules and pass the bill.

2017-12-11

Considered under suspension of the rules. (consideration: CR H9773)

2017-12-11

DEBATE - The House proceeded with forty minutes of debate on H.R. 3093.

2017-12-11

Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H9773)

2017-12-11

On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H9773)

2017-12-11

Motion to reconsider laid on the table Agreed to without objection.

2017-12-12

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Investor Clarity and Bank Parity Act

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