United States · Bill · HR
H.R. 4604 (116th)
Small Financial Institution Certainty Act
Introduced
4 October 2019
Last action
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Status
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
Small Financial Institution Certainty Act This bill requires the Commodity Futures Trading Commission (CFTC) to exempt certain financial institutions from clearing requirements for commodity swaps. Specifically, the CFTC must exempt insured depository institutions, farm credit system institutions, credit unions, bank holding companies, and savings and loan holding companies that have less than $10 billion in assets. Currently, the CFTC has discretion regarding whether to exempt depository institutions, farm credit system institutions, and credit unions that have less than $10 billion in assets.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 4 October 2019
Introduced in House (PDF)
Introduced in House · EN · 4 October 2019
Introduced in House
summary · EN · 4 October 2019
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/house-bill/4604
- Open data entity: https://api.congress.gov/v3/bill/116/hr/4604