House Bill 2121
115th Congress(2017-2018)
Pension, Endowment, and Mutual Fund Access to Banking Act
Introduced
Introduced in House on Apr 25, 2017
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
2121
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.
No House votes have been held for this bill.
Summary
Pension, Endowment, and Mutual Fund Access to Banking Act
This bill requires the appropriate federal banking agencies to exclude, for purposes of calculating a custodial bank's supplementary leverage ratio, funds of a custodial bank that are deposited with a central bank. ("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: (1) may not exceed the total value of deposits of the custodial bank linked to fiduciary or custodial and safekeeping accounts; and (2) may be otherwise limited, as specified by the bill.
04/26/2018
Placed on the Union Calendar, Calendar No. 504.
04/26/2018
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-656.
10/12/2017
Ordered to be Reported (Amended) by the Yeas and Nays: 60 - 0.
10/12/2017
Committee Consideration and Mark-up Session Held.
10/11/2017
Committee Consideration and Mark-up Session Held.
04/25/2017
Referred to the House Committee on Financial Services.
04/25/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:35:58 PM