HR 4881
113th Congress
House
Finance and Financial Sector
Administrative law and regulatory procedures
Banking and financial institutions regulation
Federal Reserve System
Financial Stability Oversight Council
Financial services and investments
To place a 6-month moratorium on the authority of the Financial Stability Oversight Council to make financial stability determinations.
Introduced: June 17, 2014
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 20, 2014
Ordered to be Reported by the Yeas and Nays: 32 - 27.
Jun 20, 2014
Committee Consideration and Mark-up Session Held.
Jun 17, 2014
Referred to the House Committee on Financial Services.
Jun 17, 2014
Introduced in House
Plain-English summary
Establishes a six-month moratorium during which the Financial Stability Oversight Council is prohibited from making a determination under the Financial Stability Act of 2010 that a U.S. nonbank financial company shall be supervised by the Board of Governors of the Federal Reserve System and be subject to prudential standards, if the Council determines that material financial distress at the company (or its nature, scope, size, scale, concentration, interconnectedness, or mix of activities) could pose a threat to the financial stability of the United States.
What's happening now
Ordered to be Reported by the Yeas and Nays: 32 - 27.
Committees of jurisdiction
1
Cosponsors
1