To require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives.
USA115th CongressHR-4659| House
| Updated: 8/3/2018
Blaine Luetkemeyer
Republican Representative
Missouri
Cosponsors (17)
David Kustoff (Republican)Tom O'Halleran (Democratic)Frank D. Lucas (Republican)Randy Hultgren (Republican)David Scott (Democratic)Pete Sessions (Republican)Collin C. Peterson (Democratic)Vicente Gonzalez (Democratic)J. French Hill (Republican)Luke Messer (Republican)Jodey C. Arrington (Republican)Rodney Davis (Republican)Filemon Vela (Democratic)Austin Scott (Republican)Tom Emmer (Republican)Josh Gottheimer (Democratic)K. Michael Conaway (Republican)
Financial Services Committee, Capital Markets Subcommittee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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 leverage-based capital standards.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Hearings Held by the Subcommittee on Capital Markets Prior to Referral.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by the Yeas and Nays: 44 - 16.
Placed on the Union Calendar, Calendar No. 680.
Reported by the Committee on Financial Services. H. Rept. 115-882.
Finance and Financial Sector
Bank accounts, deposits, capitalBanking and financial institutions regulation
To require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives.
USA115th CongressHR-4659| House
| Updated: 8/3/2018
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 leverage-based capital standards.
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.
Hearings Held by the Subcommittee on Capital Markets Prior to Referral.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by the Yeas and Nays: 44 - 16.
Placed on the Union Calendar, Calendar No. 680.
Reported by the Committee on Financial Services. H. Rept. 115-882.
Blaine Luetkemeyer
Republican Representative
Missouri
Cosponsors (17)
David Kustoff (Republican)Tom O'Halleran (Democratic)Frank D. Lucas (Republican)Randy Hultgren (Republican)David Scott (Democratic)Pete Sessions (Republican)Collin C. Peterson (Democratic)Vicente Gonzalez (Democratic)J. French Hill (Republican)Luke Messer (Republican)Jodey C. Arrington (Republican)Rodney Davis (Republican)Filemon Vela (Democratic)Austin Scott (Republican)Tom Emmer (Republican)Josh Gottheimer (Democratic)K. Michael Conaway (Republican)
Financial Services Committee, Capital Markets Subcommittee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Bank accounts, deposits, capitalBanking and financial institutions regulation