Bill Sponsor
Senate Bill 2816
115th Congress(2017-2018)
A bill to clarify that funding for the Securities Investor Protection Corporation is not subject to the sequester.
Introduced
Introduced
Introduced in Senate on May 10, 2018
Overview
Text
Sponsor
Introduced
May 10, 2018
Latest Action
May 10, 2018
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2816
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Wyoming
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

This bill provides that any sequestration ordered by the President under the Balanced Budget and Emergency Deficit Control Act of 1985 is inapplicable to funding of the Securities Investor Protection Corporation. (Sequestration is a process of automatic, usually across-the-board spending reductions under which budgetary resources are permanently cancelled to enforce specific budget policy goals.)

Text (1)
Actions (2)
05/10/2018
Read twice and referred to the Committee on the Budget.
05/10/2018
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:42:32 PM