US Congress House Bill 4604 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on October 4 2019 - 25% progression, died in committee
Action: 2019-10-16 - Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Pending: House Commodity Exchanges, Energy, and Credit Committee
Text: Latest bill text (Introduced) [PDF]

Requires the Commodity Futures Trading Commission (CFTC) to exempt certain financial institutions from clearing requirements for commodity swaps. Specifically, the CFTC must exempt insured depository institutions, farm credit system institutions, credit unions, bank holding companies, and savings and loan holding companies that have less than $10 billion in assets. Currently, the CFTC has discretion regarding whether to exempt depository institutions, farm credit system institutions, and credit unions that have less than $10 billion in assets.

Small Financial Institution Certainty Act

Rep. Neal Dunn [R-FL]

Rep. TJ Cox [D-CA]

Date	Chamber	Action
2019-10-16	House	Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
2019-10-04	House	Referred to the House Committee on Agriculture.
2019-10-04	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/4604/all-info
Text	https://www.congress.gov/116/bills/hr4604/BILLS-116hr4604ih.pdf