To amend the Bank Holding Company Act of 1956 to place certain limitations on commodity ownership and to repeal the merchant banking authority, and for other purposes.
About This Bill
Committee
Latest Action · May 28, 2020
Referred to the House Committee on Financial Services.
This bill limits the types of investment activities banks are allowed to engage in, including certain merchant banking activities and commodities ownership.
Additionally, the bill finalizes the Federal Reserve Board's proposed rule published September 30, 2016, regarding physical commodity trading activities conducted by financial holding companies.
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