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- H.R.493
H.R.493: Subsidy Reserve Act of 2017
About This Bill
- Introduced Jan. 12, 2017
- Latest Major Action Jan. 12, 2017
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in House - Jan. 12, 2017
Bill Summary
Subsidy Reserve Act of 2017 This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to require each nonbank financial company supervised by the Federal Reserve Board (FRB) and each bank holding company with total consolidated assets of at least $500 billion to establish and maintain a capital account called a "subsidy reserve." The amount in a company's subsidy reserve shall be based, according to a formula established...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Jan. 12, 2017 |
Referred to the House Committee on Financial Services.
|
| Jan. 12, 2017 |
Introduced in the House by Michael E. Capuano (D-Mass.) |