legislation: 114-s-3404

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
114-s-3404 114 s 3404 A bill to amend the Federal Deposit Insurance Act to require the appropriate Federal banking agencies to treat certain municipal obligations as level 2B liquid assets, and for other purposes. Finance and Financial Sector 2016-09-27 2016-09-27 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Rounds, Mike [R-SD] SD R R000605 9 This bill amends the Federal Deposit Insurance Act to require certain municipal obligations to be treated as level 2B liquid assets if they are investment grade, liquid, and readily marketable. Under current law, corporate debt securities and publicly traded common-equity shares, but not municipal obligations, may be treated as level 2B liquid assets (which are considered to be high-quality assets). 2023-01-11T13:33:32Z  

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