Municipal Finance Support Act of 2017

United States115th CongressHR-1624House of Representatives
Updated: Oct 4, 2017

Summary

Municipal Finance Support Act of 2017 (Sec. 2) This bill amends the Federal Deposit Insurance Act to require certain municipal obligations to be treated as high-quality liquid assets if they are investment grade, liquid, and readily marketable. Under current law, high-quality assets include level 1, level 2A, and level 2B liquid assets.

Bill texts

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Timeline

  1. On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7704-7705)

    House of Representatives

  2. Motion to reconsider laid on the table Agreed to without objection.

    House of Representatives

  3. The title of the measure was amended. Agreed to without objection.

    House of Representatives

  4. Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Senate