H.R. 1602 · 118th Congress · 2023–2024
SVB Act
H.R. 1602 in the 118th Congress (2023–2024) was introduced on Mar 14, 2023, sponsored by Katie Porter with 68 co-sponsors.
During the 118th Congress (2023–2024), Joe Biden was president, and Republicans held the House majority and Democrats the Senate majority.
- Status
- Introduced
- Introduced
- Mar 14, 2023
- Co-sponsors
- 68
- Policy area
- Finance and Financial Sector
What it does
Secure Viable Banking Act or the SVB Act This bill increases the oversight of certain nonbank financial companies and bank holding companies by repealing Title IV of the Economic Growth, Regulatory Relief, and Consumer Protection Act (P.L. 115-174). (A nonbank financial company is a financial institution without a banking license that may be subject to supervision due to the company's size or risk profile.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Katie Porter (D-CA). Co-sponsors: 68 Democrats.
Where it stands
- IntroducedMar 14, 2023
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Financial Services. (Mar 14, 2023)
More bills from Katie Porter in the 118th Congress
Other Finance and Financial Sector bills in the 118th Congress
- H.R. 1096: 250th Anniversary of the United States Marine Corps Commemorative Coin Act
- H.R. 3315: National Guard and Reservists Debt Relief Extension Act of 2023
- H.R. 807: Working Dog Commemorative Coin Act
- H.R. 7438: FIFA World Cup 2026 Commemorative Coin Act
- S.J.Res. 32: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United…
- H.J.Res. 142: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the…
- S. 305: 250th Anniversary of the United States Marine Corps Commemorative Coin Act
- H.R. 582: Credit Union Board Modernization Act
- S. 610: Credit Union Board Modernization Act
- S. 711: Working Dog Commemorative Coin Act
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 1602 (118th Congress): SVB Act,” https://www.capitolreceipts.com/bill/118-hr-1602/svb-act (accessed 2026-10-13).