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A bill to require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives.

USA115th CongressS-3682| Senate 
| Updated: 11/29/2018
David Perdue

David Perdue

Republican Senator

Georgia

Banking, Housing, and Urban Affairs Committee

  • 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
Aug 3, 2018

Latest Companion Bill Action

HR 115-4659
Placed on the Union Calendar, Calendar No. 680.
Nov 29, 2018
Introduced in Senate
Nov 29, 2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • August 3, 2018

    Latest Companion Bill Action

    HR 115-4659
    Placed on the Union Calendar, Calendar No. 680.


  • November 29, 2018
    Introduced in Senate


  • November 29, 2018
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • HR 115-4659: To require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives.
Bank accounts, deposits, capitalBanking and financial institutions regulation

A bill to require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives.

USA115th CongressS-3682| Senate 
| Updated: 11/29/2018
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Aug 3, 2018

Latest Companion Bill Action

HR 115-4659
Placed on the Union Calendar, Calendar No. 680.
Nov 29, 2018
Introduced in Senate
Nov 29, 2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • August 3, 2018

    Latest Companion Bill Action

    HR 115-4659
    Placed on the Union Calendar, Calendar No. 680.


  • November 29, 2018
    Introduced in Senate


  • November 29, 2018
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
David Perdue

David Perdue

Republican Senator

Georgia

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 115-4659: To require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalBanking and financial institutions regulation