H.R. 4659 — To require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives.

Summary

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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Related Legislation

S. 3682A bill to require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives.
2018-11-29Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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Legislative Actions

2017-12-14
Introduced in House
2017-12-14
Introduced in House
2017-12-14
Referred to the House Committee on Financial Services.
2018-02-14
Hearings Held by the Subcommittee on Capital Markets Prior to Referral.
2018-03-21
Committee Consideration and Mark-up Session Held.
2018-03-21
Ordered to be Reported by the Yeas and Nays: 44 - 16.
2018-08-03
Reported by the Committee on Financial Services. H. Rept. 115-882.
2018-08-03
Reported by the Committee on Financial Services. H. Rept. 115-882.
2018-08-03
Placed on the Union Calendar, Calendar No. 680.

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

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