H.R. 4353
Referred to CommitteeTo extend the exemption of small banks and savings associations from classification as a financial entity for purposes of the swaps clearing requirements of the Commodity Exchange Act to their holding companies.
Latest Action
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
1/22/2016 • House
Summary
This bill amends the Commodity Exchange Act to exclude from the meaning of "financial entity," and so exempt from swap clearing requirements, the bank holding company or savings and loan holding company of a small bank or savings association (whose total assets are $10 billion or less) if the total consolidated assets of the holding company are no greater than that asset threshold.
Introduced in House • 1/8/2016
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Bill Journey
Originated in the House
Introduced
January 8, 2016
Referred to the House Committee on Agriculture.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law