US HB317 | 2017-2018 | 115th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 5 2017 - 25% progression, died in committee
Action: 2017-01-05 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 5 2017 - 25% progression, died in committee
Action: 2017-01-05 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Keep Repos to Maturity on Balance Sheet Act of 2017 This bill requires the Securities and Exchange Commission, in establishing accounting principles or standards for purposes of the securities laws, to require that a repurchase-to-maturity transaction be treated as a secured borrowing in which the transferred asset serves as collateral. A "repurchase-to-maturity transaction" is one in which: (1) a financial asset is transferred in exchange for cash, other financial assets, or letters of credit; and (2) the transferor and transferee agree that the transferee may return or redeem the transferred asset upon the asset's maturity.
Title
Keep Repos to Maturity on Balance Sheet Act of 2017
Sponsors
Rep. Michael Capuano [D-MA] |
History
Date | Chamber | Action |
---|---|---|
2017-01-05 | House | Referred to the House Committee on Financial Services. |
2017-01-05 | House | Introduced in House |
Subjects
Accounting and auditing
Banking and financial institutions regulation
Finance and financial sector
Financial services and investments
Securities
Securities and Exchange Commission (SEC)
Banking and financial institutions regulation
Finance and financial sector
Financial services and investments
Securities
Securities and Exchange Commission (SEC)
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/house-bill/317/all-info |
Text | https://www.congress.gov/115/bills/hr317/BILLS-115hr317ih.pdf |