Bill Details
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Title
Volcker Rule Relief Act of 2018
Official Title
To amend the Bank Holding Company Act of 1956 to provide relief from the Volcker Rule for community banks.
Summary
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.)
bill Progress
- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
- house Committees
Committee on Financial ServicesIntroducedApril 27th, 2018
Economy
