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H.R. 4096: Investor Clarity and Bank Parity Act

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H.R. 4096: Investor Clarity and Bank Parity Act

114th Congress · introduced 2015-11-19 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2015-11-19 · official record
  2. Who proposed it: Rep. Capuano, Michael E. [D-MA-7] · what a sponsor is
  3. What happened next: 1 recorded vote in our records. Latest: House roll call 165 (2016): On Motion to Suspend the Rules and Pass, HR4096 (2016-04-26), Passed. See all
  4. Where it stands now: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Investor Clarity and Bank Parity Act

Plain summary

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Investor Clarity and Bank Parity Act (Sec. 2) This bill amends the Bank Holding Company Act of 1956 to permit a hedge fund or private equity fund to share the same name, or a variation of the same name, as a banking entity that is an investment advisor to the hedge fund or private equity fund, if: the investment advisor is not an insured depository institution, a company that controls an insured depository institution, or a company treated as a bank holding company for purposes of the International Banking Act of 1978 relating to nonbanking activities of foreign banks; the investment advisor does not share the same name, or a variation of it, as an insured depository institution, a company that controls an insured depository institution, or a company treated as a bank holding company for the specified purposes of the International Banking Act of 1978; and the name does not contain the word "bank."

Congressional Research Service summary (Passed House without amendment), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Investor Clarity and Bank Parity Act

Source: Congressional Research Service summary (Passed House without amendment)

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The strongest published arguments

Arguments for (supporters)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Capuano, Michael E. [D-MA-7] · 2 cosponsors

Cost estimate: CBO cost estimate: H.R. 4096, Investor Clarity and Bank Parity Act (2016-03-25)

Cosponsors on this site

Recorded votes

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong114-hr4096 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114