H.R. 2176: Return to Prudent Banking Act of 2019
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H.R. 2176: Return to Prudent Banking Act of 2019
116th Congress · introduced 2019-04-09 · Finance and Financial Sector · Latest: Sponsor introductory remarks on measure. (CR E448)
federal
Follow this bill, step by step
- Where it came from: introduced 2019-04-09 · official record
- Who proposed it: Rep. Kaptur, Marcy [D-OH-9] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Sponsor introductory remarks on measure. (CR E448) Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
Return to Prudent Banking Act of 2019
Plain summary
Return to Prudent Banking Act of 2019 This bill generally separates the activities of commercial banks and investment banks. Specifically, the 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. 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. The bill declares that Congress ratifies the interpretation by the Supreme Court in Investment Company Institute v. Camp (ICI) of specified statutory language 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 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.
Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.
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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 2019
Source: Congressional Research Service summary (Introduced in House)
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The strongest published arguments
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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] · 30 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Stephen F. Lynch (D-MA), Ro Khanna (D-CA), Bonnie Watson Coleman (D-NJ), Janice D. Schakowsky (D-IL), Eleanor Holmes Norton (D-DC), James P. McGovern (D-MA), Steve Cohen (D-TN), Pramila Jayapal (D-WA), Chellie Pingree (D-ME), Paul Tonko (D-NY), Rosa L. DeLauro (D-CT), Peter Welch (D-VT), Mark Pocan (D-WI), Ilhan Omar (D-MN), Alexandria Ocasio-Cortez (D-NY), Rashida Tlaib (D-MI), John Garamendi (D-CA), Mark DeSaulnier (D-CA)
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 (4)
- 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.
- 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
- Congressional Research Service summary (Introduced in House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-116hr2176.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/116/hr>
Record fed-us-cong116-hr2176 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116