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116-hr-5180116th Congress
Protecting Consumers from Market Manipulation Act
Sponsored By: Representative García, Jesús G. "Chuy" [D-IL-4]
Unknown
Summary
Protecting Consumers from Market Manipulation Act This bill prohibits large nonfinancial companies from engaging in financial activities that would result in producing the lower of (1) 5% of the company's revenue, or (2) $1,000,000,000 in revenue. The bill limits the types of investment activities banks are allowed to engage in, including certain merchant banking activities. The Financial Stability Oversight Council and the Federal Reserve must report on issues related to digital currency.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
García, Jesús G. "Chuy" [D-IL-4]
IL • D
Cosponsors
Rep. Tlaib, Rashida [D-MI-12]
MI • D
Sponsored 11/19/2019
Rep. Jackson Lee, Sheila [D-TX-18]
TX • D
Sponsored 11/19/2019
Rep. Grijalva, Raúl M. [D-AZ-7]
AZ • D
Sponsored 12/5/2019
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov