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(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
Investor Clarity and Bank Parity Act
(Sec. 2) This bill amends the Bank Holding Company Act of 1956 to permit a hedge fund or private equity fund to share the same name, or a variation of the same name, as a banking entity that is an investment advisor to the hedge fund or private equity fund, if:
the investment advisor is not an insured depository institution, a company that controls an insured depository institution, or a company treated as a bank holding company for purposes of the International Banking Act of 1978 relating to nonbanking activities of foreign banks;
Written by the nonpartisan Congressional Research Service, describing H.R. 4096 as passed House without amendment on Apr 26, 2016. It is not the text of the measure; a later amendment may have changed what it does.
House Apr 26, 2016
Investor Clarity and Bank Parity Act
Passed · Two-thirds required
395 Yea 3 Nay 35 not voting
Crossed both parties 3 of 398 voting members broke with their own party: 3 Democrats.
DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present
433 members on this roll call, from the official House record. Party majorities need at least five voting members, so an independent never counts as breaking with a party.
Signing on is not a vote: a member can cosponsor H.R. 4096 and vote against it. 1 signed when it was filed.
Organizations that named H.R. 4096 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.
26 disclosures name this measure. Retrieved from LDA.gov on 2026-10-05. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.