To require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives.

Summary

This bill amends the Federal Deposit Insurance Act, the Bank Holding Company Act of 1956, and the Home Owners' Loan Act to exclude initial client margin funds (i.e., funds lent to a client by a broker to facilitate a derivatives contract) from leverage-exposure calculations for purposes of determining whether an insured depository institution, a bank holding company, or a savings and loan holding company is in compliance with federal leverage-based capital standards.

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6 official files

• Reported in House (text)

  Reported in House · EN · 3 August 2018

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• Reported in House (PDF)

  Reported in House · EN · 3 August 2018

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• Reported to House without amendment

  summary · EN · 3 August 2018

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• Introduced in House (text)

  Introduced in House · EN · 14 December 2017

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• Introduced in House (PDF)

  Introduced in House · EN · 14 December 2017

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• Introduced in House

  summary · EN · 14 December 2017

  Open at official source

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