Bill > S3283

This bill, the Options Markets Stability Act, requires the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Comptroller of the Currency to issue a rule within 180 days and finalize it within 360 days of the bill's enactment. The rule aims to adopt a methodology for calculating the counterparty credit risk exposure arising from a guarantee provided by a depository institution, depository institution holding company, or affiliate to a central counterparty for a client's exchange-listed derivative contract. In developing the rule, the agencies must consider factors such as market liquidity, bid-ask spreads, central clearing preferences, financial stability, and barriers to entry for clearing on behalf of market makers. The bill also requires the Federal Reserve to submit a report to Congress after 5 years detailing the rule's impact on these factors.

Housing and Urban Affairs

https://www.congress.gov/bill/115th-congress/senate-bill/3283/all-info