House
Oct 4, 2017Municipal Finance Support Act of 2017
Summary
Official
Municipal Finance Support Act of 2017 (Sec. 2) This bill amends the Federal Deposit Insurance Act to require certain municipal obligations to be treated as high-quality liquid assets if they are investment grade, liquid, and readily marketable. Under current law, high-quality assets include level 1, level 2A, and level 2B liquid assets.
Bill Progress
Bill has been introduced and assigned a number
Introduced(3/20/17)
Committee
Passed
House
Passed
Senate
President
Law
Cosponsors (19)
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Oct 4, 2017