HR1596-118

Introduced

To amend the Economic Growth, Regulatory Relief, and Consumer Protection Act to repeal the exemption from enhanced supervision and prudential standards applicable to bank holding companies with total consolidated assets between $50,000,000,000 and $250,000,000,000.

118th Congress Introduced Mar 14, 2023

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

The bill defines enhanced supervision and prudential standards for certain bank holding companies Section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (Public Law 115–174) is hereby repealed and. It relies on definition changes and product standards. The main policy areas are Finance.

Who Benefits and How

Financial services firms and customers affected by the bill could face lower compliance burdens.

Who Bears the Burden and How

No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.

Key Provisions

  • Defines enhanced supervision and prudential standards for certain bank holding companies Section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (Public Law 115–174) is hereby repealed and...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

The bill defines enhanced supervision and prudential standards for certain bank holding companies Section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (Public Law 115–174) is hereby repealed and.

Key Policy Areas

Finance

Primary Purpose

The bill defines enhanced supervision and prudential standards for certain bank holding companies Section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (Public Law 115–174) is hereby repealed and.

Policy Domains

Finance

Whole bill

Identified Gains
  • Financial services firms and customers affected by the bill
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: ih
Financial services firms and customers affected by the bill:

Legislative Progress

Introduced
Introduced Committee Passed
Mar 14, 2023

Mr. Moulton introduced the following bill; which was referred to …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Finance

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology