US Congress House Bill 4881 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 9)
Status: Introduced on June 17 2014 - 25% progression, died in chamber
Action: 2014-06-20 - Ordered to be Reported by the Yeas and Nays: 32 - 27.
Text: Latest bill text (Introduced) [PDF]

Establishes a six-month moratorium during which the Financial Stability Oversight Council is prohibited from making a determination under the Financial Stability Act of 2010 that a U.S. nonbank financial company shall be supervised by the Board of Governors of the Federal Reserve System and be subject to prudential standards, if the Council determines that material financial distress at the company (or its nature, scope, size, scale, concentration, interconnectedness, or mix of activities) could pose a threat to the financial stability of the United States.

To place a 6-month moratorium on the authority of the Financial Stability Oversight Council to make financial stability determinations.

Rep. Randy Neugebauer [R-TX]	Rep. Spencer Bachus [R-AL]	Rep. Stephen Fincher [R-TN]	Rep. Scott Garrett [R-NJ]
Rep. Stevan Pearce [R-NM]	Rep. Robert Pittenger [R-NC]	Rep. Dennis Ross [R-FL]	Rep. Steve Stivers [R-OH]
Rep. Ann Wagner [R-MO]

Date	Chamber	Action
2014-06-20	House	Ordered to be Reported by the Yeas and Nays: 32 - 27.
2014-06-20	House	Committee Consideration and Mark-up Session Held.
2014-06-17	House	Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/4881/all-info
Text	https://www.congress.gov/113/bills/hr4881/BILLS-113hr4881ih.pdf