Bill115th CongressFiled Apr 5, 2017Finance and Financial Sector
S. 828
A bill to amend the Federal Deposit Insurance Act to require the appropriate Federal banking agencies to treat certain municipal obligations as level 2B liquid assets, and for other purposes.
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What it doesSummary introduced in senate (Apr 5, 2017)
This bill amends the Federal Deposit Insurance Act to require certain municipal obligations to be treated as level 2B liquid assets if they are investment grade, liquid, and readily marketable. Under current law, corporate debt securities and publicly traded common-equity shares, but not municipal obligations, may be treated as level 2B liquid assets (which are considered to be high-quality assets).
What just happenedApr 5, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
Sen. Rounds, Mike [R-SD](R-SD)Sponsor
13 cosponsors8 D5 R
13cosponsors1committees2actions2related bills9subjects
- Introduced in SenateApr 5, 2017
- Apr 5, 2017IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Apr 5, 2017IntroReferral10000
Introduced in Senate