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Bill114th CongressFiled May 1, 2015Finance and Financial Sector
H.R. 2209

To require the appropriate Federal banking agencies to treat certain municipal obligations as level 2A liquid assets, and for other purposes.

Bill journey · stage 1 of 5

Just introduced

Filed
Comm.
Floor
Both
Law

What it doesSummary passed house without amendment (Feb 1, 2016)

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

(Sec. 1) This bill amends the Federal Deposit Insurance Act with respect to the treatment of certain municipal obligations to direct the federal banking agencies to treat as a high-quality level 2A liquid asset any municipal obligation that is liquid, readily marketable, and investment grade as of the calculation date.

The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Comptroller of the Currency are directed to amend the rule titled "Liquidity Coverage Ratio: Liquidity Risk Measurement Standards; Final Rule" to implement this Act.

What just happenedFeb 11, 2016

Committee on Banking, Housing, and Urban Affairs. Hearings held.

Who’s behind it

Rep. Messer, Luke [R-IN-6](R-IN)Sponsor
29 cosponsors15 D14 R
Read on Congress.gov
29cosponsors2committees18actions7subjects
  1. Feb 11, 2016Committee

    Committee on Banking, Housing, and Urban Affairs. Hearings held.

    Banking, Housing, and Urban Affairs Committee
  2. Feb 2, 2016IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  3. Feb 1, 2016FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  4. Feb 1, 2016FloorH37300

    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H384)

  5. Feb 1, 2016Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H384)

  6. Feb 1, 2016FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 2209.

  7. Feb 1, 2016FloorH30000

    Considered under suspension of the rules. (consideration: CR H384-387)

  8. Feb 1, 2016FloorH30300

    Mr. Garrett moved to suspend the rules and pass the bill.

  9. Feb 1, 2016CalendarsH12410

    Placed on the Union Calendar, Calendar No. 310.

  10. Feb 1, 2016CommitteeH12200

    Reported by the Committee on Financial Services. H. Rept. 114-407.

    Financial Services Committee
  11. Feb 1, 2016Committee5000

    Reported by the Committee on Financial Services. H. Rept. 114-407.

    Financial Services Committee
  12. Nov 4, 2015Committee

    Ordered to be Reported by the Yeas and Nays: 56 - 1.

    Financial Services Committee
  13. Nov 4, 2015Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  14. Nov 3, 2015Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  15. Oct 21, 2015Committee

    Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

    Consumer Protection and Financial Institutions Subcommittee
  16. May 1, 2015IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  17. May 1, 2015IntroReferralIntro-H

    Introduced in House

  18. May 1, 2015IntroReferral1000

    Introduced in House

Passed House without amendmentFeb 1, 201681

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

(Sec. 1) This bill amends the Federal Deposit Insurance Act with respect to the treatment of certain municipal obligations to direct the federal banking agencies to treat as a high-quality level 2A liquid asset any municipal obligation that is liquid, readily marketable, and investment grade as of the calculation date.

The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Comptroller of the Currency are directed to amend the rule titled "Liquidity Coverage Ratio: Liquidity Risk Measurement Standards; Final Rule" to implement this Act.

Introduced in HouseMay 1, 2015

This bill amends the Federal Deposit Insurance Act with respect to the treatment of certain municipal obligations to direct the federal banking agencies to treat as a high-quality level 2A liquid asset any municipal obligation that is liquid, readily marketable, and investment grade as of the calculation date.

The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Comptroller of the Currency are directed to amend the rule titled "Liquidity Coverage Ratio: Liquidity Risk Measurement Standards; Final Rule" to implement this Act.

To require the appropriate Federal banking agencies to treat certain municipal obligations… — Informed