To require the appropriate Federal banking agencies to treat certain municipal obligations as level 2A liquid assets, and for other purposes.
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.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Became Public Law No: 115-174.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 60 - 0.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-306.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-306.
Placed on the Union Calendar, Calendar No. 219.
Mr. Huizenga moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H7704-7706)
DEBATE - The House proceeded with forty minutes of debate on H.R. 1624.
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)
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On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7704-7705)
Motion to reconsider laid on the table Agreed to without objection.
The title of the measure was amended. Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.