Ask AI
Bill115th CongressFiled Dec 14, 2017Finance and Financial Sector
H.R. 4659

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

Bill journey · stage 2 of 5

Under committee review

Filed
Comm.
Floor
Both
Law

What it doesSummary reported to house without amendment (Aug 3, 2018)

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.

What just happenedAug 3, 2018

Placed on the Union Calendar, Calendar No. 680.

Who’s behind it

Rep. Luetkemeyer, Blaine [R-MO-3](R-MO)Sponsor
17 cosponsors6 D11 R
Read on Congress.gov
17cosponsors1committees9actions1related bills2subjects
  1. Aug 3, 2018CalendarsH12410

    Placed on the Union Calendar, Calendar No. 680.

  2. Aug 3, 2018CommitteeH12200

    Reported by the Committee on Financial Services. H. Rept. 115-882.

    Financial Services Committee
  3. Aug 3, 2018Committee5000

    Reported by the Committee on Financial Services. H. Rept. 115-882.

    Financial Services Committee
  4. Mar 21, 2018Committee

    Ordered to be Reported by the Yeas and Nays: 44 - 16.

    Financial Services Committee
  5. Mar 21, 2018Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  6. Feb 14, 2018Committee

    Hearings Held by the Subcommittee on Capital Markets Prior to Referral.

    Capital Markets Subcommittee
  7. Dec 14, 2017IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  8. Dec 14, 2017IntroReferralIntro-H

    Introduced in House

  9. Dec 14, 2017IntroReferral1000

    Introduced in House

Reported to House without amendmentAug 3, 201879

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.

Introduced in HouseDec 14, 2017

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.

To require the appropriate Federal banking agencies to recognize the exposure-reducing nat… — Informed