Pension, Endowment, and Mutual Fund Access to Banking Act

United States115th CongressHR-2121House of Representatives
Updated: Apr 26, 2018

Summary

Pension, Endowment, and Mutual Fund Access to Banking Act This bill excludes, for purposes of calculating a custodial bank's supplementary leverage ratio, funds of a custodial bank that are deposited with certain central banks. ("Supplementary leverage ratio" is a capital adequacy measure that refers to the ratio of a banking organization's tier-one capital to its leverage exposure.) The amount of such funds shall be limited, as specified by the bill.

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Timeline

  1. Committee Consideration and Mark-up Session Held.

    House of Representatives

  2. Ordered to be Reported (Amended) by the Yeas and Nays: 60 - 0.

    House of Representatives

  3. Reported (Amended) by the Committee on Financial Services. H. Rept. 115-656.

    House of Representatives

  4. Placed on the Union Calendar, Calendar No. 504.

    House of Representatives