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H.R. 790: Return to Prudent Banking Act of 2017

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H.R. 790: Return to Prudent Banking Act of 2017

115th Congress · introduced 2017-02-01 · Finance and Financial Sector · Latest: Sponsor introductory remarks on measure. (CR E139)

federal

Follow this bill, step by step

  1. Where it came from: introduced 2017-02-01 · official record
  2. Who proposed it: Rep. Kaptur, Marcy [D-OH-9] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Sponsor introductory remarks on measure. (CR E139) 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

Return to Prudent Banking Act of 2017

Plain summary

Return to Prudent Banking Act of 2017 This bill prohibits an insured depository institution from affiliating with any person or firm engaged principally in, among other things, issuing or selling stocks, bonds, notes, or other securities. Officers, directors and employees of securities firms are prohibited from simultaneously serving as an officer, director, or employee of a depository institution, except in specified circumstances. Any such individual serving as an officer, director, employee, or other institution-affiliated party of any insured depository institution must terminate such service as soon as practicable after enactment of this bill. Any affiliation of an insured depository institution with any broker, dealer, investment adviser, or investment company must be terminated as soon as practicable. No entity issuing or selling stocks, bonds, or other securities may engage in the business of receiving deposits, which includes the establishment and maintenance of transaction accounts, as defined in the Federal Reserve Act. This bill declares that Congress ratifies the interpretation by the Supreme Court of specified statutory language in Investment Company Institute v. Camp (ICI) regarding permissible activities of banks and securities firms. It further declares that the reasoning of the Court in that case shall continue to apply to the limitations placed upon security affiliations under the Federal Deposit Insurance Act as enacted by this bill. No federal banking agency or federal court shall issue an interpretation regarding such security affiliations that is narrower than that of the court in ICI . This bill repeals certain provisions of the Gramm-Leach-Bliley Act, including those pertaining to regulation of financial holding companies and the conditions for engaging in financial activities.

Congressional Research Service summary (Introduced in House), 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

Return to Prudent Banking Act of 2017

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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

Officials and money

Sponsor: Rep. Kaptur, Marcy [D-OH-9] · 59 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Stephen F. Lynch (D-MA), Mark Pocan (D-WI), Rosa L. DeLauro (D-CT), Eleanor Holmes Norton (D-DC), Janice D. Schakowsky (D-IL), Peter Welch (D-VT), Bonnie Watson Coleman (D-NJ), John Garamendi (D-CA), Paul Tonko (D-NY), James P. McGovern (D-MA), Chellie Pingree (D-ME), Steve Cohen (D-TN), Danny K. Davis (D-IL), Ro Khanna (D-CA), Pramila Jayapal (D-WA), Lloyd Doggett (D-TX), Jamie Raskin (D-MD), Jerrold Nadler (D-NY), Nanette Diaz Barragán (D-CA), Al Green (D-TX), Mark DeSaulnier (D-CA), Zoe Lofgren (D-CA), Darren Soto (D-FL), Donald S. Beyer, Jr. (D-VA)

Sponsor's campaign money: Rep. Kaptur, Marcy [D-OH-9] reported raising $5.9 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (5)
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).
Bond
A way to borrow money. A government sells bonds to raise money now and promises to pay it back with interest over time. Bonds repaid from taxes often need voter approval.
Rulemaking
The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.
Securities
Financial investments that can be bought and sold, such as stocks and bonds.
Statute
A written law passed by a legislature. A statute can be changed by a later law; changing a constitution needs an amendment.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong115-hr790 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115