H.R. 5659 · 115th Congress
Volcker Rule Relief Act of 2018
- Stage
- In committee
- Sponsor
- Mia Love
- Introduced
- 2018-04-27
- Latest action
- 2018-04-27 · Introduced in House
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.)