Bill Sponsor
House Bill 4604
116th Congress(2019-2020)
Small Financial Institution Certainty Act
Introduced
Introduced
Introduced in House on Oct 4, 2019
Overview
Text
Sponsor
Introduced
Oct 4, 2019
Latest Action
Oct 16, 2019
Origin Chamber
House
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
4604
Congress
116
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
Florida
Democrat
California
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Small Financial Institution Certainty Act

This bill requires the Commodity Futures Trading Commission (CFTC) to exempt certain financial institutions from clearing requirements for commodity swaps. Specifically, the CFTC must exempt insured depository institutions, farm credit system institutions, credit unions, bank holding companies, and savings and loan holding companies that have less than $10 billion in assets. Currently, the CFTC has discretion regarding whether to exempt depository institutions, farm credit system institutions, and credit unions that have less than $10 billion in assets.

Text (1)
October 4, 2019
Actions (3)
10/16/2019
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
10/04/2019
Referred to the House Committee on Agriculture.
10/04/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 1:49:44 PM