H.R. 4247
IntroducedRestoring Financial Market Freedom Act of 2017
Latest Action
Placed on the Union Calendar, Calendar No. 886.
1/2/2019 • House
Summary
Restoring Financial Market Freedom Act of 2017
This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal the authority of the Financial Stability Oversight Council to designate financial market utilities (i.e., payment, clearing, and settlement systems) as "systemically important" (also known as "too big to fail"). Under current law, entities so designated are subject to additional regulatory restrictions.
Introduced in House • 11/3/2017
Topics & Subjects
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Related Federal Spending
Sponsor & Cosponsors (1)
Sponsor
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Bill Journey
Originated in the House
Introduced
November 3, 2017
Committee Review
November 15, 2017
Ordered to be Reported by the Yeas and Nays: 33 - 25.
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law