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United States · Bill · HR

H.R. 2209 (114th)

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

openUnited States· United States Congress· EN

Introduced

1 May 2015

Last action

11 February 2016 · Committee

Status

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 114-231.

Sponsors

Rep. Messer, Luke [R-IN-6], Rep. King, Peter T. [R-NY-2], Rep. Sewell, Terri A. [D-AL-7], Rep. Stivers, Steve [R-OH-15], Rep. Hultgren, Randy [R-IL-14], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Capuano, Michael E. [D-MA-8], Rep. Cleaver, Emanuel [D-MO-5], Rep. Moore, Gwen [D-WI-4], Rep. Neugebauer, Randy [R-TX-19], Sen. Sinema, Kyrsten [I-AZ], Rep. Veasey, Marc A. [D-TX-33], Rep. Poliquin, Bruce [R-ME-2], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Meeks, Gregory W. [D-NY-5], Rep. Israel, Steve [D-NY-3], Rep. Vargas, Juan [D-CA-52], Rep. Pittenger, Robert [R-NC-9], Rep. Sherman, Brad [D-CA-32], Rep. Barr, Andy [R-KY-6], Rep. Ross, Dennis A. [R-FL-15], Rep. Brooks, Mo [R-AL-5], Rep. Kelly, Robin L. [D-IL-2], Rep. Hudson, Richard [R-NC-8], Rep. Ellmers, Renee L. [R-NC-2], Rep. Smith, Lamar [R-TX-21], Rep. Rouzer, David [R-NC-7], Rep. Kind, Ron [D-WI-3], Rep. Latta, Robert E. [R-OH-5], Rep. Kildee, Daniel T. [D-MI-5]

Subjects

Discovery layer

Source updated

24 April 2025

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 1 May 2015

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 1 May 2015

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 1 May 2015

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 21 October 2015

    Committee

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

    Source: Committee

  5. 3 November 2015

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  6. 4 November 2015

    Vote

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

    Source: Committee

  7. 4 November 2015

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  8. 1 February 2016

    Floor

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

    Source: Floor

  9. 1 February 2016

    Passed

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

    Source: Floor

  10. 1 February 2016

    Passed

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

    Source: Floor

  11. 1 February 2016

    Floor

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

    Source: Floor

  12. 1 February 2016

    Passed

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

    Source: Floor

  13. 1 February 2016

    Floor

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

    Source: Floor

  14. 1 February 2016

    Calendars

    Placed on the Union Calendar, Calendar No. 310.

    Source: Calendars

  15. 1 February 2016

    Reported

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

    Source: Committee

  16. 1 February 2016

    Reported

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

    Source: Committee

  17. 2 February 2016

    Introduced

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

    Source: IntroReferral

  18. 11 February 2016

    Committee

    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 114-231.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

10 official files

Referred in Senate (text)

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  • Referred in Senate (text)

    Referred in Senate · EN · 2 February 2016

    ViewDownloadOpen at official source

  • Referred in Senate (PDF)

    Referred in Senate · EN · 2 February 2016

    ViewDownloadOpen at official source

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  • Reported in House (text)

    Reported in House · EN · 1 February 2016

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  • Reported in House (PDF)

    Reported in House · EN · 1 February 2016

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  • Engrossed in House (text)

    Engrossed in House · EN · 1 February 2016

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 1 February 2016

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  • Passed House without amendment

    summary · EN · 1 February 2016

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  • Introduced in House (text)

    Introduced in House · EN · 1 May 2015

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  • Introduced in House (PDF)

    Introduced in House · EN · 1 May 2015

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  • Introduced in House

    summary · EN · 1 May 2015

    Open at official source

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Sponsors

Related records

Sources

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