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.
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:
Became Public Law No: 115-174.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by Voice Vote.
Reported by the Committee on Financial Services. H. Rept. 115-426.
Reported by the Committee on Financial Services. H. Rept. 115-426.
Placed on the Union Calendar, Calendar No. 316.
Mr. Luetkemeyer moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H9773)
DEBATE - The House proceeded with forty minutes of debate on H.R. 3093.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H9773)
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On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H9773)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.