H.R. 3093 · 115th Congress
Investor Clarity and Bank Parity Act
- Stage
- Passed a chamber
- Sponsor
- Michael Capuano
- Introduced
- 2017-06-28
- Latest action
- 2017-12-12 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
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."