H.R. 4247 · 115th Congress
Restoring Financial Market Freedom Act of 2017
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
BuddSponsorNo cosponsors.
What it does: CRS summary · Introduced in House · Nov 3, 2017
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Restoring Financial Market Freedom Act of 2017
Latest action (Jan 2, 2019): Placed on the Union Calendar, Calendar No. 886.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Nov 3, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.