United States 114th Congress Status: Died 1 R cosponsors

HR 2209 — To require the appropriate Federal banking agencies to treat certain municipal obligations as level 2A liquid assets, and for other purposes.

Last action — Committee on Banking, Housing, and Urban Affairs. Hearings held.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 114th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

To require the appropriate Federal banking agencies to treat certain municipal obligations as level 2A liquid assets, and for other purposes. (Sec. 1) This bill amends the Federal Deposit Insurance Act with respect to the treatment of certain municipal obligations to direct the federal banking agencies to treat as a high-quality level 2A liquid asset any municipal obligation that is liquid, readily marketable, and investment grade as of the calculation date. The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Comptroller of the Currency are directed to amend the rule titled "Liquidity Coverage Ratio: Liquidity Risk Measurement Standards; Final Rule" to implement this Act.

Bill Text

We don't have the full text on file for this bill yet.

Read HR 2209 on the official United States source →

Action History

  1. Committee on Banking, Housing, and Urban Affairs. Hearings held.

  2. Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  3. Motion to reconsider laid on the table Agreed to without objection.

  4. On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H384)

  5. DEBATE - The House proceeded with forty minutes of debate on H.R. 2209.

  6. Considered under suspension of the rules. (consideration: CR H384-387)

  7. Mr. Garrett moved to suspend the rules and pass the bill.

  8. Placed on the Union Calendar, Calendar No. 310.

  9. Reported by the Committee on Financial Services. H. Rept. 114-407.

  10. Ordered to be Reported by the Yeas and Nays: 56 - 1.

  11. Committee Consideration and Mark-up Session Held.

  12. Committee Consideration and Mark-up Session Held.

  13. Committee Consideration and Mark-up Session Held.

  14. Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

  15. Referred to the House Committee on Financial Services.

  16. Introduced in House

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
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Frequently asked questions

What does HR 2209 do?
To require the appropriate Federal banking agencies to treat certain municipal obligations as level 2A liquid assets, and for other purposes. (Sec. 1) This bill amends the Federal Deposit Insurance Act with respect to the treatment of certain municipal obligations to direct the federal banking agencies to treat as a high-quality level 2A liquid asset any municipal obligation that is liquid, readily marketable, and investment grade as of the calculation date. The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Comptroller of the Currency are directed to amend the rule titled "Liquidity Coverage Ratio: Liquidity Risk Measurement Standards; Final Rule" to implement this Act.
Who sponsors HR 2209?
HR 2209 is sponsored by Luke Messer (R).
What is the current status of HR 2209?
This bill died with 114th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 2209?
Track HR 2209 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes about 14 hours ago · updated continuously

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