An amendment numbered 29 printed in House Report 114-639 to prohibit the use of funds to designate any nonbank financial company as "too big to fail" or as a "systemically important financial institution" or to make a determination that material financial distress at a nonbank financial company could pose a threat to U.S. financial stability.

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Amendment Number
1248
Description
An amendment numbered 29 printed in House Report 114-639 to prohibit the use of funds to designate any nonbank financial company as "too big to fail" or as a "systemically important financial institution" or to make a determination that material financial distress at a nonbank financial company could pose a threat to U.S. financial stability.
Purpose
Amendment prohibits the use of funds to designate any nonbank financial company as "too big to fail" or as a "systemically important financial institution".
Congress
114
Type
HAMDT
Latest Action Date
Jul 7, 2016
Latest Action Text
On agreeing to the Garrett amendment (A023) Agreed to by recorded vote: 239 - 182 (Roll no. 381).
Latest Action Time
17:25:27
Submitted Date
Jul 7, 2016
Chamber
House of Representatives
Update Date
Dec 15, 2020
Amendment 1248 — Informed