Summary: H.R.5659 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.5659. Bill summaries are authored by CRS.

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Introduced in House (04/27/2018)

Volcker Rule Relief Act of 2018

This bill amends the Bank Holding Company Act of 1956 to exempt from the "Volcker Rule" banks with: (1) total assets valued at less than $10 billion, and (2) trading assets and liabilities comprising not more than 5% of total assets. (The Volcker Rule prohibits banking agencies from engaging in proprietary trading or entering into certain relationships with hedge funds and private-equity funds.)