S. 828
Referred to CommitteeA 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.
Latest Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
4/5/2017 • Senate
Summary
This bill amends the Federal Deposit Insurance Act to require certain municipal obligations to be treated as level 2B liquid assets if they are investment grade, liquid, and readily marketable. Under current law, corporate debt securities and publicly traded common-equity shares, but not municipal obligations, may be treated as level 2B liquid assets (which are considered to be high-quality assets).
Introduced in Senate • 4/5/2017
Topics & Subjects
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Related Federal Spending
Sponsor & Cosponsors (14)
Party Breakdown
Sponsor
Cosponsors (13)
Bill Journey
Originated in the Senate
Introduced
April 5, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Related Bills (3)
H.R. 1624
Municipal Finance Support Act of 2017
S. 2155
Economic Growth, Regulatory Relief, and Consumer Protection Act
S. 3404
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.