Municipal Finance Support Act of 2017

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Passed the House without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 115th Congress ended.

R MesserSponsor

19 cosponsors · 12 D, 7 R

13 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

House Introduced Mar 20, 2017
House Passed Oct 3, 2017

What it does: CRS summary · Passed House amended · Oct 3, 2017

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Municipal Finance Support Act of 2017

Latest action (Oct 4, 2017): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Policy area: Finance and Financial Sector · Origin: House · Introduced: Mar 20, 2017

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

House Introduced Mar 20, 2017
House Passed Oct 3, 2017

No recorded floor vote found.