US HB2209 | 2015-2016 | 114th Congress
Status
Spectrum: Bipartisan Bill
Status: Engrossed on February 2 2016 - 50% progression, died in chamber
Action: 2016-02-11 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
Text: Latest bill text (Engrossed) [PDF]
Status: Engrossed on February 2 2016 - 50% progression, died in chamber
Action: 2016-02-11 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
Text: Latest bill text (Engrossed) [PDF]
Summary
To require the appropriate Federal banking agencies to treat certain municipal obligations as level 2A liquid assets, and for other purposes. (Sec. 1) This bill amends the Federal Deposit Insurance Act with respect to the treatment of certain municipal obligations to direct the federal banking agencies to treat as a high-quality level 2A liquid asset any municipal obligation that is liquid, readily marketable, and investment grade as of the calculation date. The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Comptroller of the Currency are directed to amend the rule titled "Liquidity Coverage Ratio: Liquidity Risk Measurement Standards; Final Rule" to implement this Act.
Title
To require the appropriate Federal banking agencies to treat certain municipal obligations as level 2A liquid assets, and for other purposes.
Sponsors
Rep. Luke Messer [R-IN] | Rep. Peter King [R-NY] | Rep. Terri Sewell [D-AL] | Rep. Steve Stivers [R-OH] |
Rep. Randy Hultgren [R-IL] | Rep. Carolyn Maloney [D-NY] | Rep. Michael Capuano [D-MA] | Rep. Emanuel Cleaver [D-MO] |
Rep. Gwen Moore [D-WI] | Rep. Randy Neugebauer [R-TX] | Sen. Kyrsten Sinema [I-AZ] | Rep. Marc Veasey [D-TX] |
Rep. Bruce Poliquin [R-ME] | Rep. Eleanor Norton [D-DC] | Rep. Gregory Meeks [D-NY] | Rep. Steve Israel [D-NY] |
Rep. Juan Vargas [D-CA] | Rep. Robert Pittenger [R-NC] | Rep. Brad Sherman [D-CA] | Rep. Garland Barr [R-KY] |
Rep. Dennis Ross [R-FL] | Rep. Mo Brooks [R-AL] | Rep. Robin Kelly [D-IL] | Rep. Richard Hudson [R-NC] |
Rep. Renee Ellmers [R-NC] | Rep. Lamar Smith [R-TX] | Rep. David Rouzer [R-NC] | Rep. Ron Kind [D-WI] |
Rep. Robert Latta [R-OH] | Rep. Daniel Kildee [D-MI] |
History
Date | Chamber | Action |
---|---|---|
2016-02-11 | Senate | Committee on Banking, Housing, and Urban Affairs. Hearings held. |
2016-02-02 | Senate | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
2016-02-01 | House | Motion to reconsider laid on the table Agreed to without objection. |
2016-02-01 | House | On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H384) |
2016-02-01 | House | DEBATE - The House proceeded with forty minutes of debate on H.R. 2209. |
2016-02-01 | House | Considered under suspension of the rules. (consideration: CR H384-387) |
2016-02-01 | House | Mr. Garrett moved to suspend the rules and pass the bill. |
2016-02-01 | House | Placed on the Union Calendar, Calendar No. 310. |
2016-02-01 | House | Reported by the Committee on Financial Services. H. Rept. 114-407. |
2015-11-04 | House | Ordered to be Reported by the Yeas and Nays: 56 - 1. |
2015-11-04 | House | Committee Consideration and Mark-up Session Held. |
2015-11-04 | House | Committee Consideration and Mark-up Session Held. |
2015-11-03 | House | Committee Consideration and Mark-up Session Held. |
2015-10-21 | House | Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral. |
2015-05-01 | House | Referred to the House Committee on Financial Services. |
2015-05-01 | House | Introduced in House |
Subjects
Administrative law and regulatory procedures
Banking and financial institutions regulation
Department of the Treasury
Federal Deposit Insurance Corporation (FDIC)
Federal Reserve System
Finance and financial sector
Securities
State and local finance
Banking and financial institutions regulation
Department of the Treasury
Federal Deposit Insurance Corporation (FDIC)
Federal Reserve System
Finance and financial sector
Securities
State and local finance