HR 4659
115th Congress
House
Finance and Financial Sector
Bank accounts, deposits, capital
Banking and financial institutions regulation
To require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives.
Introduced: December 14, 2017
See on congress.gov
Everywhere this bill has been
7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 3, 2018
Placed on the Union Calendar, Calendar No. 680.
Aug 3, 2018
Reported by the Committee on Financial Services. H. Rept. 115-882.
Mar 21, 2018
Ordered to be Reported by the Yeas and Nays: 44 - 16.
Mar 21, 2018
Committee Consideration and Mark-up Session Held.
Feb 14, 2018
Hearings Held by the Subcommittee on Capital Markets Prior to Referral.
Dec 14, 2017
Referred to the House Committee on Financial Services.
Dec 14, 2017
Introduced in House
Plain-English summary
This bill amends the Federal Deposit Insurance Act, the Bank Holding Company Act of 1956, and the Home Owners' Loan Act to exclude initial client margin funds (i.e., funds lent to a client by a broker to facilitate a derivatives contract) from leverage-exposure calculations for purposes of determining whether an insured depository institution, a bank holding company, or a savings and loan holding company is in compliance with federal leverage-based capital standards.
What's happening now
Placed on the Union Calendar, Calendar No. 680.
Committees of jurisdiction
2