Small Financial Institution Certainty Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Oct 4, 2019)
Small Financial Institution Certainty Act
This bill requires the Commodity Futures Trading Commission (CFTC) to exempt certain financial institutions from clearing requirements for commodity swaps. Specifically, the CFTC must exempt insured depository institutions, farm credit system institutions, credit unions, bank holding companies, and savings and loan holding companies that have less than $10 billion in assets. Currently, the CFTC has discretion regarding whether to exempt depository institutions, farm credit system institutions, and credit unions that have less than $10 billion in assets.
What just happenedOct 16, 2019
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Who’s behind it
- Introduced in HouseOct 4, 2019
- Oct 16, 2019Committee
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Commodity Markets, Digital Assets, and Rural Development Subcommittee - Oct 4, 2019IntroReferralH11100
Referred to the House Committee on Agriculture.
Agriculture Committee - Oct 4, 2019IntroReferralIntro-H
Introduced in House
- Oct 4, 2019IntroReferral1000
Introduced in House