All LegislationSenate Bill 3734S 3734

Close the Shadow Banking Loophole Act

Finance and Financial Sector

10 pages

senate
house
president

Introduced January 29, 2026 by John Neely Kennedy · Last progress January 29, 2026

House Votes

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Senate Votes

Pending Committee

January 29, 2026

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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Action History

IntroReferralJanuary 29, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
IntroReferralJanuary 29, 2026
Introduced in Senate

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Laws This Bill Would Affect

1 new section1 amendment

Adds12 U.S.C. 1841 et seq.

Inserts a new Section 6 into the Bank Holding Company Act establishing the Federal Deposit Insurance Corporation's authority to supervise parent companies of industrial loan companies (definitions, authority to require reports and examinations, enforcement via FDIA section 8, tailoring for certain companies, rulemaking, and a rule of construction).

Amends12 U.S.C. 1841(c)(2)(H)

Amends section 2(c)(2)(H) of the Bank Holding Company Act of 1956 by inserting text in the matter preceding clause (i).

Text Versions

Introduced in Senate

January 29, 2026•10 pages

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