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HR 4353 114th Congress House Finance and Financial Sector Banking and financial institutions regulation Commodities markets

To extend the exemption of small banks and savings associations from classification as a financial entity for purposes of the swaps clearing requirements of the Commodity Exchange Act to their holding companies.

Introduced: January 8, 2016 Introduced by: Emmer, Tom Republican · Minnesota See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 22, 2016
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Jan 8, 2016
Referred to the House Committee on Agriculture.
Jan 8, 2016
Introduced in House
 Plain-English summary Congressional Research Service

This bill amends the Commodity Exchange Act to exclude from the meaning of "financial entity," and so exempt from swap clearing requirements, the bank holding company or savings and loan holding company of a small bank or savings association (whose total assets are $10 billion or less) if the total consolidated assets of the holding company are no greater than that asset threshold.

What's happening now January 22, 2016

Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

 Committees of jurisdiction 2