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
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
Plain-English summary
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
Placed on the Union Calendar, Calendar No. 886.
Committees of jurisdiction
1