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H.R.3093 - Investor Clarity and Bank Parity Act115th Congress (2017-2018) |

Bill

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Sponsor: Rep. Capuano, Michael E. [D-MA-7] (Introduced 06/28/2017)
Committees: House - Financial Services | Senate - Banking, Housing, and Urban Affairs
Committee Reports: H. Rept. 115-426
Latest Action: Senate - 12/12/2017 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.  (All Actions)

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This bill has the status Passed House

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

More on This Bill

  • Constitutional Authority Statement
  • CBO Cost Estimates [1]

Subject — Policy Area:

Summary: H.R.3093 — 115th Congress (2017-2018)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Passed House without amendment (12/11/2017)

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."