Municipal Finance Support Act of 2017
This bill amends the Federal Deposit Insurance Act to require certain municipal obligations to be treated as level 2A liquid assets if they are investment grade, liquid, and readily marketable. Under current law, only certain securities issued or guaranteed by a U.S. government-sponsored enterprise, a sovereign entity, or a multilateral development bank may be treated as level 2A liquid assets (which are considered to be high-quality assets).
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2017-10-04 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2017-10-03 | Floor | The title of the measure was amended. Agreed to without objection. | House floor actions |
| 2017-10-03 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2017-10-03 | Floor | On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7704-7705) | House floor actions |
| 2017-10-03 | Floor | DEBATE - The House proceeded with forty minutes of debate on H.R. 1624. | House floor actions |
| 2017-10-03 | Floor | Considered under suspension of the rules. (consideration: CR H7704-7706) | House floor actions |
| 2017-10-03 | Floor | Mr. Huizenga moved to suspend the rules and pass the bill, as amended. | House floor actions |
| 2017-09-12 | Calendars | Placed on the Union Calendar, Calendar No. 219. | House floor actions |
| 2017-09-12 | Committee | Reported (Amended) by the Committee on Financial Services. H. Rept. 115-306. | House floor actions |
| 2017-07-25 | Committee | Ordered to be Reported (Amended) by the Yeas and Nays: 60 - 0. | House committee actions |
| 2017-07-25 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2017-03-20 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2017-03-20 | IntroReferral | Introduced in House | Library of Congress |