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- H.R.4659
H.R.4659: To require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives.
About This Bill
- Introduced Dec. 14, 2017
- Latest Major Action Aug. 3, 2018
Bill Sponsor
Bill Cosponsors
17 (6 Democrats, 11 Republicans)
Bill Versions
- Reported in House - Aug. 3, 2018
- Introduced in House - Dec. 14, 2017
Bill 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...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Congressional Budget Office Estimate
Bill Actions
| Date | Description |
|---|---|
| Aug. 3, 2018 |
Placed on the Union Calendar, Calendar No. 680.
|
| Aug. 3, 2018 |
Reported by the Committee on Financial Services. H. Rept. 115-882.
|
| March 21, 2018 |
Ordered to be Reported by the Yeas and Nays: 44 - 16.
|
| March 21, 2018 |
Committee Consideration and Mark-up Session Held.
|
| Feb. 14, 2018 |
Hearings Held by the Subcommittee on Capital Markets Prior to Referral.
|
| Dec. 14, 2017 |
Referred to the House Committee on Financial Services.
|
| Dec. 14, 2017 |
Introduced in the House by Blaine Luetkemeyer (R-Mo.) |