To extend the exemption of small banks and savings associations from classification as a financial entity for purposes of the swaps clearing requirements of the Commodity Exchange Act to their holding companies.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jan 8, 2016)
This bill amends the Commodity Exchange Act to exclude from the meaning of "financial entity," and so exempt from swap clearing requirements, the bank holding company or savings and loan holding company of a small bank or savings association (whose total assets are $10 billion or less) if the total consolidated assets of the holding company are no greater than that asset threshold.
What just happenedJan 22, 2016
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Who’s behind it
- Introduced in HouseJan 8, 2016
- Jan 22, 2016Committee
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Commodity Markets, Digital Assets, and Rural Development Subcommittee - Jan 8, 2016IntroReferralH11100
Referred to the House Committee on Agriculture.
Agriculture Committee - Jan 8, 2016IntroReferralIntro-H
Introduced in House
- Jan 8, 2016IntroReferral1000
Introduced in House