Bill Sponsor
Senate Bill 2839
116th Congress(2019-2020)
Eliminating Corporate Shadow Banking Act of 2019
Introduced
Introduced
Introduced in Senate on Nov 12, 2019
Overview
Text
Introduced
Nov 12, 2019
Latest Action
Dec 5, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2839
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Louisiana
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Eliminating Corporate Shadow Banking Act of 2019

This bill provides for the regulation of industrial loan companies by the Federal Reserve. Industrial loan companies must comply with specified reporting, examination, and ownership requirements. (Industrial loan companies may generally provide services similar to depository institutions, but their parent holding company may be a nonfinancial, commercial firm.)

Text (1)
November 12, 2019
Actions (3)
12/05/2019
Committee on Banking, Housing, and Urban Affairs. Hearings held.
11/12/2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
11/12/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 5:02:33 AM