HR 5180
Protecting Consumers from Market Manipulation Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
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.
Sponsors
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Primary sponsor
Jesus G. "Chuy" Garcia
Cosponsors
Raúl M. Grijalva
Sheila Jackson Lee
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