Eliminating Corporate Shadow Banking Act of 2019

Fact Sheet API

Bill Number

S 2839

Introduced

Nov 12, 2019

Latest Action

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-271.

Sponsor

Cosponsors

Topics

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

Full Text

View Full Bill Text

Votes

Summary

Eliminating Corporate Shadow Banking Act of 2019

This bill 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.)

Actions

Dec 5, 2019

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-271.
Nov 12, 2019

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 12, 2019

Introduced in Senate

Amendments

Related Bills