H.R.2209 - To require the appropriate Federal banking agencies to treat certain municipal obligations as level 2A liquid assets, and for other purposes.114th Congress (2015-2016)
|Sponsor:||Rep. Messer, Luke [R-IN-6] (Introduced 05/01/2015)|
|Committees:||House - Financial Services | Senate - Banking, Housing, and Urban Affairs|
|Committee Reports:||H. Rept. 114-407|
|Latest Action:||Senate - 02/11/2016 Committee on Banking, Housing, and Urban Affairs. Hearings held. (All Actions)|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Summary: H.R.2209 — 114th Congress (2015-2016)All Information (Except Text)
Passed House without amendment (02/01/2016)
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
(Sec. 1) This bill amends the Federal Deposit Insurance Act with respect to the treatment of certain municipal obligations to direct the federal banking agencies to treat as a high-quality level 2A liquid asset any municipal obligation that is liquid, readily marketable, and investment grade as of the calculation date.
The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Comptroller of the Currency are directed to amend the rule titled "Liquidity Coverage Ratio: Liquidity Risk Measurement Standards; Final Rule" to implement this Act.