H.R. 1624
Referred to CommitteeMunicipal Finance Support Act of 2017
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
10/4/2017 • Senate
Summary
Municipal Finance Support Act of 2017
(Sec. 2) This bill amends the Federal Deposit Insurance Act to require certain municipal obligations to be treated as high-quality liquid assets if they are investment grade, liquid, and readily marketable. Under current law, high-quality assets include level 1, level 2A, and level 2B liquid assets.
Passed House amended • 10/3/2017
Topics & Subjects
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Related Federal Spending
Sponsor & Cosponsors (20)
Party Breakdown
Sponsor
Cosponsors (19)
Bill Journey
Originated in the House
Introduced
March 20, 2017
Committee Review
July 25, 2017
Ordered to be Reported (Amended) by the Yeas and Nays: 60 - 0.
Floor Debate
October 3, 2017
Passed Chamber
October 3, 2017
Other Chamber
President
Enacted into Law
Text Versions (4)
Committee Reports (1)
Related Bills (3)
S. 828
A bill to amend the Federal Deposit Insurance Act to require the appropriate Federal banking agencies to treat certain municipal obligations as level 2B liquid assets, and for other purposes.
S. 2155
Economic Growth, Regulatory Relief, and Consumer Protection Act
H.R. 2209
To require the appropriate Federal banking agencies to treat certain municipal obligations as level 2A liquid assets, and for other purposes.