Close the Shadow Banking Loophole Act
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 expands a appropriation, loan guarantee, reporting req provision: 2. Industrial banks, expands a loan guarantee, reporting req, compliance mandate provision: 3, and expands a loan guarantee, reporting req, compliance mandate provision: 6. It relies on loan guarantees, reporting requirements, compliance mandates, and appropriations. The main policy areas are Defense and Finance.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
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
- Expands a appropriation, loan guarantee, reporting req provision: 2. Industrial banks.
- Expands a loan guarantee, reporting req, compliance mandate provision: 3.
- Expands a loan guarantee, reporting req, compliance mandate provision: 6.
- Expands a loan guarantee, procurement, definition change provision: 4.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill expands a appropriation, loan guarantee, reporting req provision: 2. Industrial banks, expands a loan guarantee, reporting req, compliance mandate provision: 3, and expands a loan guarantee, reporting req, compliance mandate provision: 6.
Key Policy Areas
Defense, Finance
Primary Purpose
The bill expands a appropriation, loan guarantee, reporting req provision: 2. Industrial banks, expands a loan guarantee, reporting req, compliance mandate provision: 3, and expands a loan guarantee, reporting req, compliance mandate provision: 6.
Policy Domains
Sponsors
John Kennedy
R-LA | Primary Sponsor
Legislative Progress
In CommitteeRead twice and referred to the Committee on Banking, Housing, …
Introduced in Senate
Mr. Kennedy (for himself and Mr. Kim) introduced the following …
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?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
Key Definitions
Terms defined in this bill
a company— that is not directly or indirectly subject to a primary financial regulatory agency (as defined in section 2 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5301))
a company— that is not directly or indirectly subject to a primary financial regulatory agency (as defined in section 2 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5301))
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