US SB2839 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on November 12 2019 - 25% progression, died in chamber
Action: 2019-12-05 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 12 2019 - 25% progression, died in chamber
Action: 2019-12-05 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
Text: Latest bill text (Introduced) [PDF]
Summary
Provides for the regulation of industrial loan companies by the Federal Reserve. Industrial loan companies must comply with specified reporting, examination, and ownership requirements. (Industrial loan companies may generally provide services similar to depository institutions, but their parent holding company may be a nonfinancial, commercial firm.)
Title
Eliminating Corporate Shadow Banking Act of 2019
Sponsors
| Sen. John Kennedy [R-LA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-12-05 | Senate | Committee on Banking, Housing, and Urban Affairs. Hearings held. |
| 2019-11-12 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Subjects
Administrative law and regulatory procedures
Bank accounts, deposits, capital
Banking and financial institutions regulation
Business records
Corporate finance and management
Credit and credit markets
Federal Reserve System
Finance and financial sector
Licensing and registrations
Bank accounts, deposits, capital
Banking and financial institutions regulation
Business records
Corporate finance and management
Credit and credit markets
Federal Reserve System
Finance and financial sector
Licensing and registrations
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/2839/all-info |
| Text | https://www.congress.gov/116/bills/s2839/BILLS-116s2839is.pdf |
