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United States · Bill · HR

H.R. 4604 (116th)

Small Financial Institution Certainty Act

referredUnited States· United States Congress· EN

Introduced

4 October 2019

Last action

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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3 official files

Introduced in House (text)

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