A bill to require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives.

3.0.0 4659 2023-01-11T13:39:15Z 2023-01-11T13:39:15Z House HR 2017-12-14 115 [Congressional Record Volume 163, Number 204 (Thursday, December 14, 2017)][Pages H9940-H9941]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LUETKEMEYER:H.R. 4659.Congress has the power to enact this legislation pursuantto the following:The constitutional authority on which this bill rests liesin Article 1, Section 7, Clause 2 of the Constitution, whichallows for every[[Page H9941]]bill passed by the House of Representatives and the Senateand signed by the President to be codified into law; andtherefore implicitly allows Congress to repeal any bill thathas been passed by both chambers and signed into law by thePresident.Additionally, the Constitution grants to Congress theexplicit power to regulate commerce in and among the states,as enumerate in Article 1, Section 8, Clause 3, the CommerceClause.]]> hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Hearings by 2018-02-14T14:14:18Z Reported by 2018-08-03T14:50:40Z Markup by 2018-03-21T20:47:07Z Referred to 2017-12-14T14:02:15Z H. Rept. 115-882 A bill to require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives. 115 3682 S 2018-11-29 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Identical bill CRS 2018-08-03 Placed on the Union Calendar, Calendar No. 680. Calendars H12410 2 House floor actions U00680 2018-08-03 Reported by the Committee on Financial Services. H. Rept. 115-882. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2018-08-03 Reported by the Committee on Financial Services. H. Rept. 115-882. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2018-03-21 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by the Yeas and Nays: 44 - 16. Committee 2018-03-21 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2018-02-14 hsba16 Capital Markets Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Capital Markets Prior to Referral. Committee 2017-12-14 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-12-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-12-14 Introduced in House IntroReferral 1000 9 Library of Congress L000569 Rep. Luetkemeyer, Blaine [R-MO-3] Blaine Luetkemeyer R MO 3 N L000491 Rep. Lucas, Frank D. [R-OK-3] FRANK LUCAS R OK D. 3 2017-12-14 True V000132 Rep. Vela, Filemon [D-TX-34] Filemon Vela D TX 34 2017-12-14 True O000171 Rep. O'Halleran, Tom [D-AZ-1] Tom O'Halleran D AZ 1 2017-12-14 True S001157 Rep. Scott, David [D-GA-13] David Scott D GA 13 2017-12-14 True S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2018-02-08 False H001059 Rep. Hultgren, Randy [R-IL-14] Randy Hultgren R IL 14 2018-02-08 False E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 2018-02-15 False D000619 Rep. Davis, Rodney [R-IL-13] Rodney Davis R IL 13 2018-02-15 False C001062 Rep. Conaway, K. Michael [R-TX-11] K. Conaway R TX Michael 11 2018-03-06 False P000258 Rep. Peterson, Collin C. [D-MN-7] COLLIN PETERSON D MN C. 7 2018-03-06 False A000375 Rep. Arrington, Jodey C. [R-TX-19] Jodey Arrington R TX C. 19 2018-03-14 False G000581 Rep. Gonzalez, Vicente [D-TX-15] Vicente Gonzalez D TX 15 2018-03-19 False K000392 Rep. Kustoff, David [R-TN-8] David Kustoff R TN 8 2018-03-20 False S001189 Rep. Scott, Austin [R-GA-8] Austin Scott R GA 8 2018-03-20 False H001072 Rep. Hill, J. French [R-AR-2] J. Hill R AR French 2 2018-03-21 False M001189 Rep. Messer, Luke [R-IN-6] Luke Messer R IN 6 2018-03-21 False G000583 Rep. Gottheimer, Josh [D-NJ-5] Josh Gottheimer D NJ 5 2018-03-22 False 2018-06-11T20:30:37Z H.R. 4659, a bill to require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives https://www.cbo.gov/publication/54030 As ordered reported by the House Committee on Financial Services on March 21, 2018 Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation Finance and Financial Sector

00 2017-12-14 Introduced in House 2018-05-15T17:33:38Z This bill amends the Federal Deposit Insurance Act, the Bank Holding Company Act of 1956, and the Home Owners' Loan Act to exclude initial client margin funds (i.e., funds lent to a client by a broker to facilitate a derivatives contract) from leverage-exposure calculations for purposes of determining whether an insured depository institution, a bank holding company, or a savings and loan holding company is in compliance with federal leverage-based capital standards.

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79 2018-08-03 Reported to House without amendment 2018-08-20T18:23:28Z This bill amends the Federal Deposit Insurance Act, the Bank Holding Company Act of 1956, and the Home Owners' Loan Act to exclude initial client margin funds (i.e., funds lent to a client by a broker to facilitate a derivatives contract) from leverage-exposure calculations for purposes of determining whether an insured depository institution, a bank holding company, or a savings and loan holding company is in compliance with federal leverage-based capital standards.

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To require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives. Display Title To require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives. Official Title as Introduced To require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives. Reported in House 2018-08-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4659rh/xml/BILLS-115hr4659rh.xml Introduced in House 2017-12-14T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4659ih/xml/BILLS-115hr4659ih.xml 2018-08-03 Placed on the Union Calendar, Calendar No. 680. 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.