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H.R.4659 - To require the appropriate Federal banking agencies to recognize the exposure-reducing nature of client margin for cleared derivatives.115th Congress (2017-2018) |

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Sponsor: Rep. Luetkemeyer, Blaine [R-MO-3] (Introduced 12/14/2017)
Committees: House - Financial Services
Committee Reports: H. Rept. 115-882
Latest Action: House - 08/03/2018 Placed on the Union Calendar, Calendar No. 680.  (All Actions)

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This bill has the status Introduced

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

More on This Bill

  • Constitutional Authority Statement
  • CBO Cost Estimates [1]

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Summary: H.R.4659 — 115th Congress (2017-2018)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Reported to House without amendment (08/03/2018)

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.