US SB828 | 2017-2018 | 115th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on April 5 2017 - 25% progression, died in committee
Action: 2017-04-05 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 5 2017 - 25% progression, died in committee
Action: 2017-04-05 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
A bill to amend the Federal Deposit Insurance Act to require the appropriate Federal banking agencies to treat certain municipal obligations as level 2B liquid assets, and for other purposes. This bill amends the Federal Deposit Insurance Act to require certain municipal obligations to be treated as level 2B liquid assets if they are investment grade, liquid, and readily marketable. Under current law, corporate debt securities and publicly traded common-equity shares, but not municipal obligations, may be treated as level 2B liquid assets (which are considered to be high-quality assets).
Title
A bill to amend the Federal Deposit Insurance Act to require the appropriate Federal banking agencies to treat certain municipal obligations as level 2B liquid assets, and for other purposes.
Sponsors
Sen. Mike Rounds [R-SD] | Sen. Mark Warner [D-VA] | Sen. Jon Tester [D-MT] | Sen. Tim Scott [R-SC] |
Sen. Joe Donnelly [D-IN] | Sen. Heidi Heitkamp [D-ND] | Sen. Tom Cotton [R-AR] | Sen. Thom Tillis [R-NC] |
Sen. Chris Van Hollen [D-MD] | Sen. John Kennedy [R-LA] | Sen. Charles Schumer [D-NY] | Sen. David Perdue [R-GA] |
Sen. Amy Klobuchar [D-MN] | Sen. Debbie Stabenow [D-MI] |
History
Date | Chamber | Action |
---|---|---|
2017-04-05 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB1624 (Related) 2017-10-04 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
SB2155 (Related) 2018-05-24 - Became Public Law No: 115-174.
HR905 (Similar To) 2018-05-22 - Motion to reconsider laid on the table Agreed to without objection.
SB2155 (Related) 2018-05-24 - Became Public Law No: 115-174.
HR905 (Similar To) 2018-05-22 - Motion to reconsider laid on the table Agreed to without objection.
Subjects
Administrative law and regulatory procedures
Bank accounts, deposits, capital
Banking and financial institutions regulation
Department of the Treasury
Federal Deposit Insurance Corporation (FDIC)
Federal Reserve System
Finance and financial sector
Financial services and investments
Securities
State and local finance
Bank accounts, deposits, capital
Banking and financial institutions regulation
Department of the Treasury
Federal Deposit Insurance Corporation (FDIC)
Federal Reserve System
Finance and financial sector
Financial services and investments
Securities
State and local finance
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/senate-bill/828/all-info |
Text | https://www.congress.gov/115/bills/s828/BILLS-115s828is.pdf |