CCAGW Annual Ratings

Bank Regulation Thresholds -- Passage


Passage of the bill that would apply the more stringent bank regulation provisions of the 2010 financial overhaul to banks with $250 billion in assets, instead of those with at least $50 billion in assets. It would also allow banks with less than $10 billion in assets to trade with depositors' money. The bill would lift the threshold for disclosure requirements to $10 million for employee-owned securities and would allow venture capital funds to have up to 250 investors and be exempt from certain registering requirements. It would provide consumers with the right to request a "security freeze" on their credit reports, which would prohibit a consumer reporting agency from releasing information from the consumer's credit report without express authorization. It would define a "qualified mortgage" as any residential mortgage loan held by a bank, removing the requirement that for a "qualified mortgage," a bank must determine that a mortgage recipient has the ability to repay.

Vote Number: 
Senate Vote 54
Bill Number: 
S 2155
CCAGW Position: 
Vote Results: 
Passed 67-31 : R 50-0; D 16-30; I 1-1