Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 4790
115th Congress(2017-2018)
Volcker Rule Regulatory Harmonization Act
Active
Amendments
Active
Passed House on Apr 13, 2018
Overview
Text
Introduced
Jan 12, 2018
Latest Action
Apr 16, 2018
Origin Chamber
House
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
4790
Congress
115
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
French Hill
Arkansas
Democrat
Bill Foster
Illinois
Republican
Randy Hultgren
Illinois
Democrat
Josh Gottheimer
New Jersey
House Votes (1)
Senate Votes (0)
checkPassed on April 13, 2018
Question
On Passage
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Roll Call Type
Yea-And-Nay
Roll Number
139
House Roll Call Votes
Summary

This bill amends the Bank Holding Company Act of 1956 to exempt from the Volcker Rule banks with assets of $10 billion or less. (The Volcker Rule prohibits banking agencies from engaging in proprietary trading or entering into certain relationships with hedge funds and private-equity funds.)

The bill also grants exclusive rulemaking authority under the Volcker Rule to the Federal Reserve Board. (Currently, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, and the Commodity Futures Trading Commission also have regulatory authority under the Volcker Rule.)

Text (4)
Referred in Senate
April 16, 2018
Engrossed in House
April 13, 2018
Reported in House
April 5, 2018
Introduced in House
January 12, 2018
Amendments (1)
Apr 13, 2018
Offered in House
0
Sponsorship
House Amendment 541
Pursuant to the provisions of H.Res. 811, the amendment in the nature of a substitute consisting of the text of Rules Committee Print 115-67 is considered as adopted.
Submitted
Related Bills (3)
Aug 01, 2018
Passed Senate
1
Sponsorship
House Bill 6147
Interior, Environment, Financial Services and General Government, Agriculture, Rural Development, Food and Drug Administration, and Transportation, Housing and Urban Development Appropriations Act, 2019
Active
Amendments
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Apr 27, 2018
Introduced in House
3
Sponsorship
House Bill 5659
Volcker Rule Relief Act of 2018
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Apr 11, 2018
Passed House
1
Sponsorship
House Simple Resolution 811
Providing for consideration of the bill (H.R. 4790) to amend the Volcker rule to give the Board of Governors of the Federal Reserve System sole rulemaking authority, to exclude community banks from the requirements of the Volcker rule, and for other purposes, and providing for consideration of motions to suspend the rules.
Active
Type
Procedurally-Related Measure
Procedurally-Related Measure
Legislation that affects consideration of other legislation (e.g., a rule for consideration, a bill ordered to be reported or passed in lieu of another measure). Identical bills, companion measures, and legislation with text similarities are other related bill types.
Identified By
House
Actions (16)
04/16/2018
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
04/13/2018
Motion to reconsider laid on the table Agreed to without objection.
04/13/2018
On passage Passed by the Yeas and Nays: 300 - 104 (Roll no. 139). (text: CR H3214-3215)
04/13/2018
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 300 - 104 (Roll no. 139).(text: CR H3214-3215)
04/13/2018
The previous question was ordered pursuant to the rule.
04/13/2018
DEBATE - The House proceeded with one hour of debate on H.R. 4790.
04/13/2018
Rule provides for consideration of H.R. 4790 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. Also, the rule provides for motions to suspend the rules relating to H.J. Res. 2 on the legislative day of April 12, 2018.
04/13/2018
Considered under the provisions of rule H. Res. 811. (consideration: CR H3214-3223)
04/11/2018
Rule H. Res. 811 passed House.
04/10/2018
Rules Committee Resolution H. Res. 811 Reported to House. Rule provides for consideration of H.R. 4790 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. Also, the rule provides for motions to suspend the rules relating to H.J. Res. 2 on the legislative day of April 12, 2018.
04/05/2018
Placed on the Union Calendar, Calendar No. 474.
04/05/2018
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-621.
03/21/2018
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 10.
03/21/2018
Committee Consideration and Mark-up Session Held.
01/12/2018
Referred to the House Committee on Financial Services.
01/12/2018
Introduced in House
Public Record
Record Updated
Aug 15, 2023 8:30:23 AM
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