S.1907 - Fairness for Community Job Creators Act113th Congress (2013-2014)
|Sponsor:||Sen. Kirk, Mark Steven [R-IL] (Introduced 01/09/2014)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 01/09/2014 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
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Summary: S.1907 — 113th Congress (2013-2014)All Information (Except Text)
Introduced in Senate (01/09/2014)
Fairness for Community Job Creators Act - Amends the Bank Holding Company Act of 1956 relating to prohibitions on proprietary trading and certain relationships with hedge and private equity funds (Volcker Rule).
Prohibits any construction of these prohibitions to require divestiture of collateralized debt obligations backed by trust-preferred securities or debt securities of collateralized loan obligations, if those collateralized debt obligations or collateralized loan obligations were issued before December 10, 2013.