H.R. 2209

Introduced

To require the appropriate Federal banking agencies to treat certain municipal obligations as level 2A liquid assets, and for other purposes.

Introduced 5/1/2015•114th Congress•House

Latest Action

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 114-231.

2/11/2016 • Senate

Summary

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

(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.

Passed House without amendment • 2/1/2016

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Topics & Subjects

Policy Area: Finance and Financial Sector

Administrative law and regulatory proceduresBanking and financial institutions regulationDepartment of the TreasuryFederal Deposit Insurance Corporation (FDIC)Federal Reserve SystemSecuritiesState and local finance

CBO Cost Estimates (1)

H.R. 2209, a bill to require the appropriate federal banking agencies to treat certain municipal obligations as level 2A liquid assets, and for other purposes

As ordered reported by the House Committee on Financial Services on November 4, 2015

Published: January 19, 2016