Municipal Finance Support Act of 2017
USA115th CongressHR-1624| House
| Updated: 10/4/2017
Luke Messer
Republican Representative
Indiana
Cosponsors (19)
Marc A. Veasey (Democratic)Robin L. Kelly (Democratic)Randy Hultgren (Republican)Peter T. King (Republican)Carolyn B. Maloney (Democratic)Terri A. Sewell (Democratic)Bruce Poliquin (Republican)Carlos Curbelo (Republican)Kyrsten Sinema (Independent)Richard Hudson (Republican)Gregory W. Meeks (Democratic)Eleanor Holmes Norton (Democratic)Brad Sherman (Democratic)Ron Kind (Democratic)Nydia M. Velázquez (Democratic)Dennis A. Ross (Republican)Brian K. Fitzpatrick (Republican)Gwen Moore (Democratic)John K. Delaney (Democratic)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 60 - 0.
Placed on the Union Calendar, Calendar No. 219.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-306.
Mr. Huizenga moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H7704-7706)
DEBATE - The House proceeded with forty minutes of debate on H.R. 1624.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H7704-7705)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7704-7705)
Motion to reconsider laid on the table Agreed to without objection.
The title of the measure was amended. Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Administrative law and regulatory proceduresBanking and financial institutions regulationDepartment of the TreasuryFederal Deposit Insurance Corporation (FDIC)Federal Reserve SystemSecuritiesState and local finance
Municipal Finance Support Act of 2017
USA115th CongressHR-1624| House
| Updated: 10/4/2017
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.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 60 - 0.
Placed on the Union Calendar, Calendar No. 219.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-306.
Mr. Huizenga moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H7704-7706)
DEBATE - The House proceeded with forty minutes of debate on H.R. 1624.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H7704-7705)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7704-7705)
Motion to reconsider laid on the table Agreed to without objection.
The title of the measure was amended. Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Luke Messer
Republican Representative
Indiana
Cosponsors (19)
Marc A. Veasey (Democratic)Robin L. Kelly (Democratic)Randy Hultgren (Republican)Peter T. King (Republican)Carolyn B. Maloney (Democratic)Terri A. Sewell (Democratic)Bruce Poliquin (Republican)Carlos Curbelo (Republican)Kyrsten Sinema (Independent)Richard Hudson (Republican)Gregory W. Meeks (Democratic)Eleanor Holmes Norton (Democratic)Brad Sherman (Democratic)Ron Kind (Democratic)Nydia M. Velázquez (Democratic)Dennis A. Ross (Republican)Brian K. Fitzpatrick (Republican)Gwen Moore (Democratic)John K. Delaney (Democratic)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresBanking and financial institutions regulationDepartment of the TreasuryFederal Deposit Insurance Corporation (FDIC)Federal Reserve SystemSecuritiesState and local finance