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United States · Bill · HR

H.R. 1624 (115th)

Municipal Finance Support Act of 2017

referredUnited States· United States Congress· EN

Introduced

20 March 2017

Last action

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Status

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

Sponsors

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Subjects

Discovery layer

Source updated

7 April 2025

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Summary

Municipal Finance Support Act of 2017 This bill amends the Federal Deposit Insurance Act to require certain municipal obligations to be treated as level 2A liquid assets if they are investment grade, liquid, and readily marketable. Under current law, only certain securities issued or guaranteed by a U.S. government-sponsored enterprise, a sovereign entity, or a multilateral development bank may be treated as level 2A liquid assets (which are considered to be high-quality assets).

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Documents

11 official files

Referred in Senate (text)

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