Keep Repos to Maturity on Balance Sheet Act of 2017

Summary

Keep Repos to Maturity on Balance Sheet Act of 2017 This bill requires the Securities and Exchange Commission, in establishing accounting principles or standards for purposes of the securities laws, to require that a repurchase-to-maturity transaction be treated as a secured borrowing in which the transferred asset serves as collateral. A "repurchase-to-maturity transaction" is one in which: (1) a financial asset is transferred in exchange for cash, other financial assets, or letters of credit; and (2) the transferor and transferee agree that the transferee may return or redeem the transferred asset upon the asset's maturity.

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Timeline

1. 5 January 2017

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 5 January 2017

   Introduced

   Introduced in House

   Source: IntroReferral

3. 5 January 2017

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 5 January 2017 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 5 January 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 5 January 2017

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 5 January 2017

  Open at official source

Sponsors

• MICHAEL CAPUANO · D · Sponsor
• · hsba00 · Standing

Related records

• related to ← Keep Repos to Maturity on Balance Sheet Act of 2015