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Bill > HR4353


US HR4353

To extend the exemption of small banks and savings associations from classification as a financial entity for purposes of the swaps clearing requirements of the Commodity Exchange Act to their holding companies.


summary

Introduced
01/08/2016
In Committee
01/22/2016
Crossed Over
Passed
Dead
01/03/2017

Introduced Session

114th Congress

Bill Summary

To extend the exemption of small banks and savings associations from classification as a financial entity for purposes of the swaps clearing requirements of the Commodity Exchange Act to their holding companies. This bill amends the Commodity Exchange Act to exclude from the meaning of "financial entity," and so exempt from swap clearing requirements, the bank holding company or savings and loan holding company of a small bank or savings association (whose total assets are $10 billion or less) if the total consolidated assets of the holding company are no greater than that asset threshold.

Committee Categories

Agriculture and Natural Resources, Budget and Finance

Sponsors (1)

Last Action

Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. (on 01/22/2016)

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