(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
(Sec. 1) This bill amends the Federal Deposit Insurance Act with respect to the treatment of certain municipal obligations to direct the federal banking agencies to treat as a high-quality level 2A liquid asset any municipal obligation that is liquid, readily marketable, and investment grade as of the calculation date.
The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Comptroller of the Currency are directed to amend the rule titled "Liquidity Coverage Ratio: Liquidity Risk Measurement Standards; Final Rule" to implement this Act.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Committee Consideration and Mark-up Session Held.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by the Yeas and Nays: 56 - 1.
Reported by the Committee on Financial Services. H. Rept. 114-407.
Reported by the Committee on Financial Services. H. Rept. 114-407.
Placed on the Union Calendar, Calendar No. 310.
Mr. Garrett moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H384-387)
DEBATE - The House proceeded with forty minutes of debate on H.R. 2209.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H384)
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H384)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 114-231.
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