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- H.R.4247
H.R.4247: Restoring Financial Market Freedom Act of 2017
About This Bill
- Introduced Nov. 3, 2017
- Latest Major Action Jan. 2, 2019
Bill Sponsor
Bill Versions
- Reported in House - Jan. 2, 2019
- Introduced in House - Nov. 3, 2017
Bill Summary
Restoring Financial Market Freedom Act of 2017 This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal the authority of the Financial Stability Oversight Council to designate financial market utilities (i.e., payment, clearing, and settlement systems) as "systemically important" (also known as "too big to fail"). Under current law, entities so designated are subject to additional regulatory restrictions.
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| Jan. 2, 2019 |
Placed on the Union Calendar, Calendar No. 886.
|
| Jan. 2, 2019 |
Reported by the Committee on Financial Services. H. Rept. 115-1119.
|
| Nov. 15, 2017 |
Ordered to be Reported by the Yeas and Nays: 33 - 25.
|
| Nov. 15, 2017 |
Committee Consideration and Mark-up Session Held.
|
| Nov. 3, 2017 |
Referred to the House Committee on Financial Services.
|
| Nov. 3, 2017 |
Introduced in the House by Ted Budd (R-N.C.) |