United States · Bill · HR
H.R. 1624 (115th)
Municipal Finance Support Act of 2017
Introduced
20 March 2017
Last action
4 October 2017 · Introduced
Status
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
Rep. Messer, Luke [R-IN-6], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Hultgren, Randy [R-IL-14], Rep. Meeks, Gregory W. [D-NY-5], Rep. Kelly, Robin L. [D-IL-2], Rep. Sewell, Terri A. [D-AL-7], Sen. Sinema, Kyrsten [I-AZ], Rep. King, Peter T. [R-NY-2], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Moore, Gwen [D-WI-4], Rep. Poliquin, Bruce [R-ME-2], Rep. Veasey, Marc A. [D-TX-33], Rep. Sherman, Brad [D-CA-32], Rep. Kind, Ron [D-WI-3], Rep. Hudson, Richard [R-NC-8], Carlos Curbelo, Rep. Ross, Dennis A. [R-FL-15], Rep. Velázquez, Nydia M. [D-NY-7], Rep. Delaney, John K. [D-MD-6], Rep. Fitzpatrick, Brian K. [R-PA-1]
Subjects
Discovery layer
Source updated
7 April 2025
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).
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
20 March 2017
Introduced
Referred to the House Committee on Financial Services.
Source: IntroReferral
20 March 2017
Introduced
Introduced in House
Source: IntroReferral
20 March 2017
Introduced
Introduced in House
Source: IntroReferral
25 July 2017
Vote
Ordered to be Reported (Amended) by the Yeas and Nays: 60 - 0.
Source: Committee
25 July 2017
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
12 September 2017
Calendars
Placed on the Union Calendar, Calendar No. 219.
Source: Calendars
12 September 2017
Reported
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-306.
Source: Committee
12 September 2017
Reported
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-306.
Source: Committee
3 October 2017
Passed
The title of the measure was amended. Agreed to without objection.
Source: Floor
3 October 2017
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
3 October 2017
Passed
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7704-7705)
Source: Floor
3 October 2017
Passed
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H7704-7705)
Source: Floor
3 October 2017
Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 1624.
Source: Floor
3 October 2017
Floor
Considered under suspension of the rules. (consideration: CR H7704-7706)
Source: Floor
3 October 2017
Floor
Mr. Huizenga moved to suspend the rules and pass the bill, as amended.
Source: Floor
4 October 2017
Introduced
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Referred in Senate · 4 October 2017 · Download file
- Engrossed in House · 3 October 2017 · Download file
- Reported in House · 12 September 2017 · Download file
- Introduced in House · 20 March 2017 · Download file
Documents
11 official files
Referred in Senate (text)
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Leesvertaling
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Referred in Senate (text)
Referred in Senate · EN · 4 October 2017
Referred in Senate (PDF)
Referred in Senate · EN · 4 October 2017
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Engrossed in House (text)
Engrossed in House · EN · 3 October 2017
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Engrossed in House (PDF)
Engrossed in House · EN · 3 October 2017
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Passed House amended
summary · EN · 3 October 2017
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Reported in House (text)
Reported in House · EN · 12 September 2017
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Reported in House (PDF)
Reported in House · EN · 12 September 2017
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Reported to House with amendment(s)
summary · EN · 12 September 2017
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Introduced in House (text)
Introduced in House · EN · 20 March 2017
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Introduced in House (PDF)
Introduced in House · EN · 20 March 2017
ViewDownloadOpen at official source
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Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in House
summary · EN · 20 March 2017
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Messer, Luke [R-IN-6] · R · Sponsor
- Rep. Maloney, Carolyn B. [D-NY-12] · D · Sponsor
- Rep. Hultgren, Randy [R-IL-14] · R · Sponsor
- Rep. Meeks, Gregory W. [D-NY-5] · D · Sponsor
- Rep. Kelly, Robin L. [D-IL-2] · D · Sponsor
- Rep. Sewell, Terri A. [D-AL-7] · D · Sponsor
- Sen. Sinema, Kyrsten [I-AZ] · D · Sponsor
- Rep. King, Peter T. [R-NY-2] · R · Sponsor
- Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Sponsor
- Rep. Moore, Gwen [D-WI-4] · D · Sponsor
- Rep. Poliquin, Bruce [R-ME-2] · R · Sponsor
- Rep. Veasey, Marc A. [D-TX-33] · D · Sponsor
- Rep. Sherman, Brad [D-CA-32] · D · Sponsor
- Rep. Kind, Ron [D-WI-3] · D · Sponsor
- Rep. Hudson, Richard [R-NC-8] · R · Cosponsor
- Carlos Curbelo · R · Cosponsor
- Rep. Ross, Dennis A. [R-FL-15] · R · Cosponsor
- Rep. Velázquez, Nydia M. [D-NY-7] · D · Cosponsor
- Rep. Delaney, John K. [D-MD-6] · D · Cosponsor
- Rep. Fitzpatrick, Brian K. [R-PA-1] · R · Cosponsor
- · ssbk00 · Standing
- · hsba00 · Standing
Related records
- related to ← 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.
- related to ← Economic Growth, Regulatory Relief, and Consumer Protection Act
- related to ← To require the appropriate Federal banking agencies to treat certain municipal obligations as level 2A liquid assets, and for other purposes.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/115th-congress/house-bill/1624
- Open data entity: https://api.congress.gov/v3/bill/115/hr/1624
- us · 115-hr-1624 · source updated 7 April 2025