What This Bill Does
This bill repeals Title IV of the Economic Growth, Regulatory Relief, and Consumer Protection Act. The bill restores banking regulations that were changed by that title as if Title IV had never been passed.
Who It Affects
Not specified in bill text
Key Provisions
• Title IV of the Economic Growth, Regulatory Relief, and Consumer Protection Act is repealed (Sec. 2)
• The provisions of law that were amended by Title IV are revived or restored as if Title IV had not been enacted (Sec. 2)
What Changes
Banking regulations that were modified by Title IV will be restored to their previous state if this bill becomes law.
Important Definitions
None defined
Effective Date
Not specified in bill text
I
118TH CONGRESS
1ST SESSION H. R. 1602
To repeal title IV of the Economic Growth, Regulatory Relief, and Consumer
Protection Act.
IN THE HOUSE OF REPRESENTATIVES
MARCH 14, 2023
Ms. PORTER (for herself, Mr. MCGOVERN, Mr. JOHNSON of Georgia, Mr.
NADLER, Mr. EVANS, Mrs. WATSON COLEMAN, Ms. MCCOLLUM, Ms.
SCHAKOWSKY, Ms. KAPTUR, Mr. GARCI´A of Illinois, Ms. LEE of Cali-
fornia, Ms. JAYAPAL, Mr. LYNCH, Ms. BONAMICI, Mr. KHANNA, Mr.
LARSON of Connecticut, Mr. TAKANO, Mr. GOMEZ, Mr. BOWMAN, Mr.
SWALWELL, Mr. POCAN, Mr. RASKIN, Ms. OCASIO-CORTEZ, Mr. BLU-
MENAUER, Mr. AUCHINCLOSS, Ms. DELAURO, Ms. BARRAGA´N, Mr.
GARAMENDI, Ms. PRESSLEY, Mr. GALLEGO, Ms. BUSH, and Mr. ROBERT
GARCIA of California) introduced the following bill; which was referred to
the Committee on Financial Services
A BILL
To repeal title IV of the Economic Growth, Regulatory
Relief, and Consumer Protection Act.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Secure Viable Banking
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Act’’ or the ‘‘SVB Act’’.
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•HR 1602 IH
SEC. 2. RESTORATION OF BANKING REGULATIONS.
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Title IV of the Economic Growth, Regulatory Relief,
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and Consumer Protection Act is repealed and the provi-
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sions of law amended by such title are revived or restored
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as if such title had not been enacted.
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Æ
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