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HR 4247 115th Congress House Finance and Financial Sector Banking and financial institutions regulation Credit and credit markets Securities

Restoring Financial Market Freedom Act of 2017

Introduced: November 3, 2017 Introduced by: Budd, Ted Republican · North Carolina See on congress.gov
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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 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 2, 2019
Placed on the Union Calendar, Calendar No. 886.
Jan 2, 2019
Reported by the Committee on Financial Services. H. Rept. 115-1119.
Nov 15, 2017
Ordered to be Reported by the Yeas and Nays: 33 - 25.
Nov 15, 2017
Committee Consideration and Mark-up Session Held.
Nov 3, 2017
Referred to the House Committee on Financial Services.
Nov 3, 2017
Introduced in House
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 Plain-English summary Congressional Research Service

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.

What's happening now January 2, 2019

Placed on the Union Calendar, Calendar No. 886.

 Related & companion bills 1
  • HR 10 Related bill Financial CHOICE Act of 2017
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4247: Restoring Financial Market Freedom Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-4247/
MLA
"H.R. 4247: Restoring Financial Market Freedom Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-4247/.
Bluebook (legal)
H.R. 4247, 115th Cong. (2026), https://openamerica.io/bill/115-HR-4247/.
Markdown link
[H.R. 4247: Restoring Financial Market Freedom Act of 2017](https://openamerica.io/bill/115-HR-4247/)
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