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  <version>3.0.0</version>
  <bill>
    <number>163</number>
    <updateDate>2023-01-11T13:29:14Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:29:14Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <type>HR</type>
    <introducedDate>2015-01-06</introducedDate>
    <congress>114</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 161, Number 1 (Tuesday, January 6, 2015)]From the Congressional Record Online through the Government Publishing Office [<a href='http://www.gpo.gov'>www.gpo.gov</a>]By Mr. SCHWEIKERT:H.R. 163.Congress has the power to enact this legislation pursuantto the following:Article 1 Section 8 of the Constitution[Page H48]</pre>]]></constitutionalAuthorityStatementText>
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        <name>Financial Services Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
        <activities>
          <item>
            <name>Referred to</name>
            <date>2015-01-06T17:10:35Z</date>
          </item>
        </activities>
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    </committees>
    <actions>
      <item>
        <actionDate>2015-01-06</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
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        <actionCode>H11100</actionCode>
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          <code>2</code>
          <name>House floor actions</name>
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            <systemCode>hsba00</systemCode>
            <name>Financial Services Committee</name>
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      <item>
        <actionDate>2015-01-06</actionDate>
        <text>Introduced in House</text>
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          <name>Library of Congress</name>
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        <actionDate>2015-01-06</actionDate>
        <text>Introduced in House</text>
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          <name>Library of Congress</name>
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    <sponsors>
      <item>
        <bioguideId>S001183</bioguideId>
        <fullName>Rep. Schweikert, David [R-AZ-6]</fullName>
        <firstName>David</firstName>
        <lastName>Schweikert</lastName>
        <party>R</party>
        <state>AZ</state>
        <district>6</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Administrative law and regulatory procedures</name>
        </item>
        <item>
          <name>Credit and credit markets</name>
        </item>
        <item>
          <name>Federal Reserve System</name>
        </item>
        <item>
          <name>Government information and archives</name>
        </item>
        <item>
          <name>Interest, dividends, interest rates</name>
        </item>
        <item>
          <name>Securities</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Finance and Financial Sector</name>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2015-01-06</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2015-01-28T23:12:50Z</updateDate>
        <text><![CDATA[ <p><b>Rate of Average Time Execution Act of 2015 </b> <b>or the</b> <b> RATE Act of 2015</b></p> <p>Amends the Federal Reserve Act to direct the Board of Governors of the Federal Reserve System to collect, publish, and keep current a set of indices, meeting specified criteria, that report the rate for dollar-denominated loans of various maturities.</p>]]></text>
      </summary>
    </summaries>
    <title>RATE Act of 2015</title>
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      <item>
        <titleType>Display Title</titleType>
        <title>RATE Act of 2015</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To require the Board of Governors of the Federal Reserve System to collect, publish, and keep current an objective index of dollar-denominated loan interest rates of various maturities, and for other purposes.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>RATE Act of 2015</title>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Rate of Average Time Execution Act of 2015</title>
      </item>
    </titles>
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      <item>
        <type>Introduced in House</type>
        <date>2015-01-06T05:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-114hr163ih/xml/BILLS-114hr163ih.xml</url>
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        </formats>
      </item>
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    <latestAction>
      <actionDate>2015-01-06</actionDate>
      <text>Referred to the House Committee on Financial Services.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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