Summary: S.2839 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.2839. Bill summaries are authored by CRS.

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Introduced in Senate (11/12/2019)

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.)