House Bill 4659
115th Congress(2017-2018)
To require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives.
Introduced
Introduced in House on Dec 14, 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
4659
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
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.
08/03/2018
Placed on the Union Calendar, Calendar No. 680.
08/03/2018
Reported by the Committee on Financial Services. H. Rept. 115-882.
03/21/2018
Ordered to be Reported by the Yeas and Nays: 44 - 16.
03/21/2018
Committee Consideration and Mark-up Session Held.
02/14/2018
Hearings Held by the Subcommittee on Capital Markets Prior to Referral.
12/14/2017
Referred to the House Committee on Financial Services.
12/14/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:39:15 PM