H.R. 4659 · 115th Congress
To require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client…
Full title
To require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives.
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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
LuetkemeyerSponsor17 cosponsors · 6 D, 11 R
R
Lucas
TO
D
O’Halleran
DS
D
Scott
FV
D
Vela
RH
R
Hultgren
PS
R
Sessions
RD
R
Davis
TE
R
Emmer
KC
R
Conaway
CP
D
Peterson
JA
R
Arrington
VG
D
Gonzalez
DK
R
Kustoff
AS
R
Scott
JH
R
Hill
LM
R
Messer
JG
D
Gottheimer4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill amends the Federal Deposit Insurance Act, the Bank Holding Company Act of 1956, and the Home Owners' Loan Act to exclude initial client margin funds (i.e., funds lent to a client by a broker to facilitate a derivatives contract) from leverage-exposure calculations for purposes of determining whether an insured depository institution, a bank…
What it does: CRS summary · Reported to House without amendment · Aug 3, 2018
This bill amends the Federal Deposit Insurance Act, the Bank Holding Company Act of 1956, and the Home Owners' Loan Act to exclude initial client margin funds (i.e., funds lent to a client by a broker to facilitate a derivatives contract) from leverage-exposure calculations for purposes of determining whether an insured depository institution, a bank holding company, or a savings and loan holding company is in compliance with federal leverage-based capital standards.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives.
Latest action (Aug 3, 2018): Placed on the Union Calendar, Calendar No. 680.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Dec 14, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.