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- S.828
S.828: 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.
About This Bill
- Introduced April 5, 2017
- Latest Major Action April 5, 2017
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
13 (8 Democrats, 5 Republicans)
Bill Version
- Introduced in Senate - April 5, 2017
Bill 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).
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| April 5, 2017 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| April 5, 2017 |
Introduced in the Senate by Mike Rounds (R-S.D.) |