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S 828 115th Congress Senate Finance and Financial Sector Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Department of the Treasury Federal Deposit Insurance Corporation (FDIC) Federal Reserve System Financial services and investments Securities State and local finance

A bill to amend the Federal Deposit Insurance Act to require the appropriate Federal banking agencies to treat certain municipal obligations as level 2B liquid assets, and for other purposes.

Introduced: April 5, 2017 Introduced by: Rounds, Mike Republican · South Dakota 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 5, 2017
Introduced in Senate
Apr 5, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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 Plain-English summary Congressional Research Service

This bill amends the Federal Deposit Insurance Act to require certain municipal obligations to be treated as level 2B liquid assets if they are investment grade, liquid, and readily marketable. Under current law, corporate debt securities and publicly traded common-equity shares, but not municipal obligations, may be treated as level 2B liquid assets (which are considered to be high-quality assets).

What's happening now April 5, 2017

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

 Related & companion bills 2
  • HR 1624 Related bill Municipal Finance Support Act of 2017
  • S 2155 Related bill Economic Growth, Regulatory Relief, and Consumer Protection Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 8
All 8 Democratic 4 Republican 4
D
Klobuchar, Amy
Minnesota · Jun 14, 2017
 R
Cotton, Tom
Arkansas · Apr 5, 2017
 R
Kennedy, John
Louisiana · Apr 5, 2017
 D
Schumer, Charles E.
New York · Apr 5, 2017
 R
Scott, Tim
South Carolina · Apr 5, 2017
 R
Tillis, Thomas
North Carolina · Apr 5, 2017
 D
Van Hollen, Chris
Maryland · Apr 5, 2017
 D
Warner, Mark R.
Virginia · Apr 5, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). S. 828: A bill to amend the Federal Deposit Insurance Act to require the appropriate Federal banking agencies to treat certain municipal obligations as level 2B liquid assets, and for other purposes.. 115th Congress. Open America. https://openamerica.io/bill/115-S-828/
MLA
"S. 828: A bill to amend the Federal Deposit Insurance Act to require the appropriate Federal banking agencies to treat certain municipal obligations as level 2B liquid assets, and for other purposes.." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-828/.
Bluebook (legal)
S. 828, 115th Cong. (2026), https://openamerica.io/bill/115-S-828/.
Markdown link
[S. 828: A bill to amend the Federal Deposit Insurance Act to require the appropriate Federal banking agencies to treat certain municipal obligations as level 2B liquid assets, and for other purposes.](https://openamerica.io/bill/115-S-828/)
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