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S.828 - 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.115th Congress (2017-2018) |

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Sponsor: Sen. Rounds, Mike [R-SD] (Introduced 04/05/2017)
Committees: Senate - Banking, Housing, and Urban Affairs
Latest Action: Senate - 04/05/2017 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.  (All Actions)

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This bill has the status Introduced

Here are the steps for Status of Legislation:

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

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Summary: S.828 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.828. Bill summaries are authored by CRS.

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Introduced in Senate (04/05/2017)

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).