A bill to amend the Federal Deposit Insurance Act to require the appropriate Federal banking agencies to treat certain municipal obligations as level 2B liquid assets, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

5 April 2017

Last action

—

Status

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

Summary

This bill amends the Federal Deposit Insurance Act to require certain municipal obligations to be treated as level 2B liquid assets if they are investment grade, liquid, and readily marketable. Under current law, corporate debt securities and publicly traded common-equity shares, but not municipal obligations, may be treated as level 2B liquid assets (which are considered to be high-quality assets).

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

Introduced in Senate (text)
Introduced in Senate · EN · 5 April 2017
View Download Open at official source
Introduced in Senate (PDF)
Introduced in Senate · EN · 5 April 2017
View Download Open at official source
Introduced in Senate
summary · EN · 5 April 2017
Open at official source

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/115th-congress/senate-bill/828
Open data entity: https://api.congress.gov/v3/bill/115/s/828