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house Bill H.R. 5659

Volcker Rule Relief Act of 2018

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 enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Financial Services
    IntroducedApril 27th, 2018
    There was a very good reason we created the Volcker rule post-recession: to bar banks from making risky trades. We need regulatory oversight of the banking industry.
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