Summary: H.R.4604 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.4604. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (10/04/2019)

Small Financial Institution Certainty Act

This bill requires the Commodity Futures Trading Commission (CFTC) to exempt certain financial institutions from clearing requirements for commodity swaps. Specifically, the CFTC must exempt insured depository institutions, farm credit system institutions, credit unions, bank holding companies, and savings and loan holding companies that have less than $10 billion in assets. Currently, the CFTC has discretion regarding whether to exempt depository institutions, farm credit system institutions, and credit unions that have less than $10 billion in assets.