<?xml version="1.0" encoding="UTF-8"?><BillSummaries>
<item congress="115" measure-type="s" measure-number="3682" measure-id="id115s3682" originChamber="SENATE" orig-publish-date="2018-11-29" update-date="2018-12-11">
<title>A bill to require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives.</title>
<summary summary-id="id115s3682v00" currentChamber="SENATE" update-date="2018-12-11">
<action-date>2018-11-29</action-date>
<action-desc>Introduced in Senate</action-desc>
<summary-text><![CDATA[<p>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&nbsp;facilitate a derivatives contract) from leverage-exposure calculations for purposes of determining whether&nbsp;an insured depository institution, a bank holding company, or a savings and loan holding company&nbsp;is in compliance&nbsp;with federal leverage-based capital standards.</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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</BillSummaries>
