Sec. 928. Exclusion of community banks from Volcker rule
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/bill/115/hr/6147/eh/section-928A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 13(h)(1) of the Bank Holding Company Act of 1956 ( 12 U.S.C. 1851(h)(1) ) is amended— in subparagraph (D), by redesignating clauses
(i)and
(ii)as subclauses
(I)and (II), respectively, and adjusting the margins accordingly; by redesignating subparagraphs (A), (B), (C), and
(D)as clauses (i), (ii), (iii), and (iv), respectively, and adjusting the margins accordingly; in the matter preceding clause (i), as so redesignated, in the second sentence, by striking institution that functions solely in a trust or fiduciary capacity, if— and inserting the following: institution— that functions solely in a trust or fiduciary capacity, if— ; in clause (iv)(II), as so redesignated, by striking the period at the end and inserting ; or ; and by adding at the end the following: that does not have and is not controlled by a company that has— more than $10,000,000,000 in total consolidated assets; and total trading assets and trading liabilities, as reported on the most recent applicable regulatory filing filed by the institution, that are more than 5 percent of total consolidated assets. .
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Sec. 928
Exclusion of community banks from Volcker rule
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