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H.R. 1624 115th Congress House

Municipal Finance Support Act of 2017

Official title: To require the appropriate Federal banking agencies to treat certain municipal obligations as no lower than level 2B liquid assets, and for other purposes.

Introduced: March 20, 2017 See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresBanking and financial institutions regulationDepartment of the TreasuryFederal Deposit Insurance Corporation (FDIC)
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Federal Reserve SystemSecuritiesState and local finance
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 14 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 4, 2017
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Oct 3, 2017
The title of the measure was amended. Agreed to without objection.
Oct 3, 2017
Motion to reconsider laid on the table Agreed to without objection.
Oct 3, 2017
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7704-7705)
Oct 3, 2017
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H7704-7705)
Oct 3, 2017
DEBATE - The House proceeded with forty minutes of debate on H.R. 1624.
Oct 3, 2017
Considered under suspension of the rules. (consideration: CR H7704-7706)
Oct 3, 2017
Mr. Huizenga moved to suspend the rules and pass the bill, as amended.
Sep 12, 2017
Placed on the Union Calendar, Calendar No. 219.
Sep 12, 2017
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-306.
Jul 25, 2017
Ordered to be Reported (Amended) by the Yeas and Nays: 60 - 0.
Jul 25, 2017
Committee Consideration and Mark-up Session Held.
Mar 20, 2017
Referred to the House Committee on Financial Services.
Mar 20, 2017
Introduced in House
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 Latest action October 4, 2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 2
  • S 828 A bill to amend the Federal Deposit Insurance Act to require the appropriate Federal banking agencies to treat certain …
  • S 2155 Economic Growth, Regulatory Relief, and Consumer Protection Act
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 14
All 14 Democratic 8 Republican 2
R
Fitzpatrick, Brian K.
Pennsylvania · Sep 6, 2017
Delaney, John
· May 23, 2017
 D
Velázquez, Nydia M.
New York · May 23, 2017
Curbelo, Carlos
· May 3, 2017
 R
Hudson, Richard
North Carolina · Mar 21, 2017
Hultgren, Randy
· Mar 20, 2017
 D
Kelly, Robin L.
Illinois · Mar 20, 2017
 D
Meeks, Gregory W.
New York · Mar 20, 2017
 D
Moore, Gwen
Wisconsin · Mar 20, 2017
 D
Norton, Eleanor Holmes
District of Columbia · Mar 20, 2017
Poliquin, Bruce
· Mar 20, 2017
 D
Sewell, Terri A.
Alabama · Mar 20, 2017
 D
Sherman, Brad
California · Mar 20, 2017
 D
Veasey, Marc A.
Texas · Mar 20, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1624: Municipal Finance Support Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-1624/
MLA
"H.R. 1624: Municipal Finance Support Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-1624/.
Bluebook (legal)
H.R. 1624, 115th Cong. (2026), https://openamerica.io/bill/115-HR-1624/.
Markdown link
[H.R. 1624: Municipal Finance Support Act of 2017](https://openamerica.io/bill/115-HR-1624/)
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