3.0.0 1624 2023-01-11T13:35:35Z 2023-01-11T13:35:35Z House HR 2017-03-20 115 [Congressional Record Volume 163, Number 48 (Monday, March 20, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MESSER:H.R. 1624.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18[Page H2240]]]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2017-10-04T15:23:02Z hsba00 Financial Services Committee House Standing Reported by 2017-09-12T19:15:37Z Markup by 2017-07-25T14:00:36Z Referred to 2017-03-20T16:00:22Z H. Rept. 115-306 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. 115 828 S 2017-04-05 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS Economic Growth, Regulatory Relief, and Consumer Protection Act 115 2155 S 2018-05-24 Became Public Law No: 115-174. Related bill CRS 2017-10-04 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2017-10-03 15:22:31 The title of the measure was amended. Agreed to without objection. Floor H38800 2 House floor actions 2017-10-03 15:22:27 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2017-10-03 15:22:17 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7704-7705) Floor H37300 2 House floor actions 2017-10-03 15:22:17 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H7704-7705) Floor 8000 9 Library of Congress 2017-10-03 15:07:23 DEBATE - The House proceeded with forty minutes of debate on H.R. 1624. Floor H8D000 2 House floor actions 2017-10-03 15:07:22 Considered under suspension of the rules. (consideration: CR H7704-7706) Floor H30000 2 House floor actions 2017-10-03 15:06:39 Mr. Huizenga moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2017-09-12 Placed on the Union Calendar, Calendar No. 219. Calendars H12410 2 House floor actions U00219 2017-09-12 Reported (Amended) by the Committee on Financial Services. H. Rept. 115-306. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2017-09-12 Reported (Amended) by the Committee on Financial Services. H. Rept. 115-306. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2017-07-25 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 60 - 0. Committee 2017-07-25 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2017-03-20 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-03-20 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-03-20 Introduced in House IntroReferral 1000 9 Library of Congress M001189 Rep. Messer, Luke [R-IN-6] Luke Messer R IN 6 N M000087 Rep. Maloney, Carolyn B. [D-NY-12] CAROLYN MALONEY D NY B. 12 2017-03-20 True H001059 Rep. Hultgren, Randy [R-IL-14] Randy Hultgren R IL 14 2017-03-20 True M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 2017-03-20 True K000385 Rep. Kelly, Robin L. [D-IL-2] Robin Kelly D IL L. 2 2017-03-20 True S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2017-03-20 True S001191 Rep. Sinema, Kyrsten [D-AZ-9] Kyrsten Sinema D AZ 9 2017-03-20 True K000210 Rep. King, Peter T. [R-NY-2] PETER KING R NY T. 2 2017-03-20 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2017-03-20 True M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2017-03-20 True P000611 Rep. Poliquin, Bruce [R-ME-2] Bruce Poliquin R ME 2 2017-03-20 True V000131 Rep. Veasey, Marc A. [D-TX-33] Marc Veasey D TX A. 33 2017-03-20 True S000344 Rep. Sherman, Brad [D-CA-30] BRAD SHERMAN D CA 30 2017-03-20 True K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2017-03-20 True H001067 Rep. Hudson, Richard [R-NC-8] Richard Hudson R NC 8 2017-03-21 False C001107 Rep. Curbelo, Carlos [R-FL-26] Carlos Curbelo R FL 26 2017-05-03 False R000593 Rep. Ross, Dennis A. [R-FL-15] Dennis Ross R FL A. 15 2017-05-11 False V000081 Rep. Velazquez, Nydia M. [D-NY-7] NYDIA VELAZQUEZ D NY M. 7 2017-05-23 False D000620 Rep. Delaney, John K. [D-MD-6] John Delaney D MD K. 6 2017-05-23 False F000466 Rep. Fitzpatrick, Brian K. [R-PA-8] Brian Fitzpatrick R PA K. 8 2017-09-06 False 2017-09-13T20:00:23Z H.R. 1624, Municipal Finance Support Act of 2017 https://www.cbo.gov/publication/53100 As ordered reported by the House Committee on Financial Services on July 25, 2017 Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Department of the Treasury Federal Deposit Insurance Corporation (FDIC) Federal Reserve System Securities State and local finance Finance and Financial Sector 00 2017-03-20 Introduced in House 2017-09-18T18:33:30Z Municipal Finance Support Act of 2017

This bill amends the Federal Deposit Insurance Act to require certain municipal obligations to be treated as level 2A liquid assets if they are investment grade, liquid, and readily marketable. Under current law, only certain securities issued or guaranteed by a U.S. government-sponsored enterprise, a sovereign entity, or a multilateral development bank may be treated as level 2A liquid assets (which are considered to be high-quality assets).

]]> 17 2017-09-12 Reported to House with amendment(s) 2018-02-27T22:39:33Z Municipal Finance Support Act of 2017

(Sec. 2) This bill amends the Federal Deposit Insurance Act to require certain municipal obligations to be treated as high-quality liquid assets if they are investment grade, liquid, and readily marketable. Under current law, high-quality assets include level 1, level 2A, and level 2B liquid assets.

]]> 36 2017-10-03 Passed House amended 2018-03-01T19:42:53Z Municipal Finance Support Act of 2017

(Sec. 2) This bill amends the Federal Deposit Insurance Act to require certain municipal obligations to be treated as high-quality liquid assets if they are investment grade, liquid, and readily marketable. Under current law, high-quality assets include level 1, level 2A, and level 2B liquid assets.

]]> Municipal Finance Support Act of 2017 Display Title Municipal Finance Support Act of 2017 Official Title as Introduced To require the appropriate Federal banking agencies to treat certain municipal obligations as level 2A liquid assets, and for other purposes. Introduced in House IH Short Titles as Introduced Municipal Finance Support Act of 2017 Short Titles as Reported to House Municipal Finance Support Act of 2017 H House Short Titles as Passed House Municipal Finance Support Act of 2017 H House Official Titles as Amended by House To require the appropriate Federal banking agencies to treat certain municipal obligations as no lower than level 2B liquid assets, and for other purposes. H House Referred in Senate 2017-10-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr1624rfs/xml/BILLS-115hr1624rfs.xml Engrossed in House 2017-10-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr1624eh/xml/BILLS-115hr1624eh.xml Reported in House 2017-09-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr1624rh/xml/BILLS-115hr1624rh.xml Introduced in House 2017-03-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr1624ih/xml/BILLS-115hr1624ih.xml 2017-10-04 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN 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. Congressional Research Service, Library of Congress 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.