About the bill
H.R. 4790 amends Section 619 of the Dodd-Frank Act, known as the “Volcker Rule,” to streamline the regulatory authority over the Volcker Rule by granting the Federal Reserve the exclusive rulemaking authority and providing for sole examination and enforcement authority by an entity’s primary federal regulator. Community banks also will be exempt from the Volcker Rule if they do not have and are not controlled by an entity with $10 billion or more in total consolidated assets and total trading assets and trading liability that are more than 5% of total consolidated assets.
Sponsor and status
115th Congress (2017–2019)
This bill was introduced in a previous session of Congress and was passed by the House on April 13, 2018 but was never passed by the Senate.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
3 Cosponsors (2 Democrats, 1 Republican)
Position statements
What legislators are saying
“Financial Services Committee Passes Hills Legislation”
—
Rep. French Hill [R-AR2]
(Sponsor)
on Mar 21, 2018
“Merkley Raises Alarm On House Anti-Volcker Rule Bill”
—
Sen. Jeff Merkley [D-OR]
on Mar 23, 2018
“THIS WEEK IN CONGRESS - April 13, 2018”
—
Rep. Gregorio Sablan [D-MP]
on Apr 16, 2018
History
H.R. 4790 (115th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 4790. This is the one from the 115th Congress.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
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“H.R. 4790 — 115th Congress: Volcker Rule Regulatory Harmonization Act.” www.GovTrack.us. 2018. March 24, 2023 <https://www.govtrack.us/congress/bills/115/hr4790>
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Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.
