US Congress House Bill 4659 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 12-6)
Status: Introduced on December 14 2017 - 25% progression, died in chamber
Action: 2018-08-03 - Placed on the Union Calendar, Calendar No. 680.
Text: Latest bill text (Introduced) [PDF]

To require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives. This bill amends the Federal Deposit Insurance Act, the Bank Holding Company Act of 1956, and the Home Owners' Loan Act to exclude initial client margin funds (i.e., funds lent to a client by a broker to facilitate a derivatives contract) from leverage-exposure calculations for purposes of determining whether an insured depository institution, a bank holding company, or a savings and loan holding company is in compliance with federal leverage-based capital standards.

To require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives.

Rep. Blaine Luetkemeyer [R-MO]	Rep. Frank Lucas [R-OK]	Rep. Filemon Vela [D-TX]	Rep. Tom O'Halleran [D-AZ]
Rep. David Scott [D-GA]	Rep. Pete Sessions [R-TX]	Rep. Randy Hultgren [R-IL]	Rep. Tom Emmer [R-MN]
Rep. Rodney Davis [R-IL]	Rep. Michael Conaway [R-TX]	Rep. Collin Peterson [D-MN]	Rep. Jody Arrington [R-TX]
Rep. Vicente Gonzalez [D-TX]	Rep. David Kustoff [R-TN]	Rep. Austin Scott [R-GA]	Rep. French Hill [R-AR]
Rep. Luke Messer [R-IN]	Rep. Josh Gottheimer [D-NJ]

Date	Chamber	Action
2018-08-03	House	Placed on the Union Calendar, Calendar No. 680.
2018-08-03	House	Reported by the Committee on Financial Services. H. Rept. 115-882.
2018-03-21	House	Ordered to be Reported by the Yeas and Nays: 44 - 16.
2018-03-21	House	Committee Consideration and Mark-up Session Held.
2018-02-14	House	Hearings Held by the Subcommittee on Capital Markets Prior to Referral.
2017-12-14	House	Referred to the House Committee on Financial Services.
2017-12-14	House	Introduced in House

SB3682 (Same As) 2018-11-29 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/4659/all-info
Text	https://www.congress.gov/115/bills/hr4659/BILLS-115hr4659ih.pdf
Text	https://www.congress.gov/115/bills/hr4659/BILLS-115hr4659rh.pdf