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- S.1912
S.1912: A bill to clarify that certain banking entities are not required to divest from collateralized debt obligations backed by trust preferred securities under the Volcker Rule.
About This Bill
- Introduced Jan. 9, 2014
- Latest Major Action Jan. 9, 2014
Bill Sponsor
Bill Cosponsor
Bill Summary
Amends the Bank Holding Company Act of 1956 regarding prohibitions on proprietary trading and certain relationships with hedge and private equity funds (Volcker Rule). Prohibits the construction of these prohibitions to require either a banking entity with total consolidated assets of less than $50 billion or a mutual holding company to divest from a collateralized debt obligation issued before May 19, 2010, if: (1) the primary purpose for the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Jan. 9, 2014 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| Jan. 9, 2014 |
Introduced in the Senate by Joe Manchin III (D-W.Va.) |