To amend the Bank Holding Company Act of 1956 to provide relief from the Volcker Rule for community banks.
Volcker Rule Relief Act of 2018
This bill amends the Bank Holding Company Act of 1956 to exempt from the "Volcker Rule" banks with: (1) total assets valued at less than $10 billion, and (2) trading assets and liabilities comprising not more than 5% of total assets. (The Volcker Rule prohibits banking agencies from engaging in proprietary trading or entering into certain relationships with hedge funds and private-equity funds.)
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Became Public Law No: 115-174.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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