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<BillSummaries>
<item congress="113" measure-type="hr" measure-number="4881" measure-id="id113hr4881" originChamber="HOUSE" orig-publish-date="2014-06-17" update-date="2014-08-26">
<title>To place a 6-month moratorium on the authority of the Financial Stability Oversight Council to make financial stability determinations.</title>
<summary summary-id="id113hr4881v00" currentChamber="HOUSE" update-date="2014-08-26">
<action-date>2014-06-17</action-date>
<action-desc>Introduced in House</action-desc>
<summary-text><![CDATA[<p>Establishes a six-month moratorium during which the Financial Stability Oversight Council is prohibited from making a determination under the Financial Stability Act of 2010 that a U.S. nonbank financial company shall be supervised by the Board of Governors of the Federal Reserve System and be subject to prudential standards, if the Council determines that material financial distress at the company (or its nature, scope, size, scale, concentration, interconnectedness, or mix of activities) could pose a threat to the financial stability of the United States.</p>]]></summary-text>
</summary>
</item>
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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 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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