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- S.3500
S.3500: A bill to require the appropriate Federal banking agencies to treat certain non-significant investments in the capital of unconsolidated financial institutions as qualifying capital instruments, and for other purposes.
About This Bill
- Introduced Dec. 5, 2016
- Latest Major Action Dec. 5, 2016
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Summary
This bill amends the Federal Deposit Insurance Act to require the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve Board to provide that a bank's or a savings association's investments in Trust Preferred Securities (pooled and individual instruments) shall not be subject to deduction from such institution's regulatory capital (provided such instruments were held as...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Dec. 5, 2016 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| Dec. 5, 2016 |
Introduced in the Senate by Roger Wicker (R-Miss.) |